Using Your Credit Card to Pay for Your Wedding: A Wise Idea?

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credit cards for weddingKnow the pros and cons of using your credit card to pay for your wedding.

A lot of us are into the habit of using our credit cards to pay for all our purchases regardless of the amount involved. But should you consider using plastic to pay for your wedding??

According to a survey conducted by TheKnot.com, an average wedding now costs around $28,000. Since weddings cost a considerable amount of money, a great number of engaged women are planning to use their credit cards to help pay for the bills. Should you consider doing the same or would you be in a better position if you use cash to pay for your wedding expenses? Here are some things that you may need to consider.

Paying with Cash or With Your Credit Card ? How to Make a Decision

Before you go around charging your wedding expenses, you need to make sure that you can pay the balance in full as soon as the bill arrives. So, while it is totally understandable that you want to make your dream wedding a reality, starting your married life with a huge debt is not a smart idea. As a matter of fact, it can seriously affect your marriage and may even lead to a divorce. Are you willing to risk it?

However, this is not to say that you shouldn’t use your credit card in paying for your expenses. If you have worked out a budget with your partner and are confident that you will be able to pay the balance in full, then go ahead and use it. In such situations, using plastic to pay for your expenses may even work to your advantage. It will allow you to earn rewards points that you can later on use on your honeymoon and give your credit rating a boost. To get the most rewards, use cards that offer lodging credits or airline miles. You will surely save a lot of money by doing it.

In addition, using your credit card can also provide you some added protection in case you run into any problems. According to a news release published by Travellers.com, 58% of all wedding insurance claims made in 2012 involved issues related with wedding photographers, caterers, DJs and wedding planners. By paying for these services with your credit card, you have the power to dispute the claim and refund your money if anything goes wrong. This is also the reason why you need to charge your wedding dress, travel expenses and anything you buy online to your credit card.

Talk about the money before the wedding to see how you and your partner can handle your finances. Remember, you don’t want to end up with a huge debt as you start your married life together.