By Moneytips.com, especially to cleveland.com | Posted on October 28, 2018 at 7:35
Bad choice for plastic
Bad Plastic Selection
You have several credit cards and a couple of bonus programs. Why not put them in good use and take out every purchase you can?
It’s smart to get the most out of your credit cards, but do it within a budget and with a thought in mind – “Is a credit card the best way to pay for this item?” Think of these seven things that are unclear to pay with your credit card.
first Higher Education
1. Higher Education
If you place college credits on credit, you will receive an extra lesson on the interest rates – and it is a painful one. Student federal student loans taken during the academic year 2018-2019 carry 5.05% interest. The maximum amount for all student loans is 7.6% for PLUS loans aimed at parents and students. At the same time, average credit card annual percentage rate (APR) is almost 17%.
Do you think you should charge your tuition? Take a mat course or two and rethink your strategy.
It’s okay to pay taxes by credit card and the IRS website offers links to and instructions to show you how. You pay for the privilege. The fees vary from 1.87% to 1.99% of the taxes due – painful if you owe it – with minimum fees ranging from $ 2.50 to $ 2.69.