From furnishing your new home to booking last-minute travel to tend to an ill loved one, credit cards can be a helpful tool as you deal with life’s big, expensive stuff.
“I just recently had a client who was going through IVF, which was a major purchase,” says Chris Hernandez, an investment advisor in Austin, Texas. The couple signed up for a new card to pay for the cost of fertility treatments, eventually gaining both a sign-up bonus and a baby.
Credit cards can earn lucrative rewards, making the money you spend work harder for you. But they can also help you make a necessary purchase quickly, and pay it back slowly, potentially without interest payments if you choose the card you use strategically.
Large, planned purchases
Being able to anticipate a major upcoming expense puts you in a sweet spot. Depending on the nature of the purchase, you may be able to set a budget, comparison shop …