Not To Buy With A Credit Card - What

: Most lenders do not accept direct credit card payments. Third-party services that facilitate these often charge a 2.5% to 3% fee, which is typically higher than the cash-back or points you would earn.

Many essential monthly bills carry convenience fees when paid via credit card that often outweigh any potential rewards points. what not to buy with a credit card

: Paying federal or state income taxes with a card results in a processing fee between 1.87% and 2.25%. The IRS offers installment plans with interest rates significantly lower than standard credit card APRs. : Most lenders do not accept direct credit card payments

Moving existing low-interest debt to a high-interest credit card is often a poor financial move. what not to buy with a credit card