58 minutes ago
6 thing you should never put in a credit card, by @kenkeys68 from @cnbc
1.- Taxes: If you get slammed with an unexpected tax bill this April, it could be tempting to pay Uncle Sam via Visa or MasterCard. Instead, consider a short-term personal loan or ask the IRS for a payment plan; the government interest rate is usually only around 0.5 percent, according to Experian.
2.- College Tuition: Don't ever pay for education with credit, as the interest on student loans is nearly always lower.
3.- Mortgage Payments: if you don't pay off your credit card balance at the end of the month, you'll compound your mortgage debt and eat up a lot of your available credit — again impacting credit scores.
4.- Big-ticket items: Here's rule No. 1 for credit card buys: If you can't pay it off in full by the end of the month, don't put it on plastic.
5.- Medical Bills: Many medical providers will offer low- or no-interest payment plans, or will negotiate lower bills altogether, notes Experian.
6.- Stocks and other Investments: it's a bad idea because there are such high risks involved. Market watch recently reported on one Canadian financial analyst who gambled this way and lost big, notes Experian.
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