4 Reasons to Use a Credit Card to Pay for Your Wedding

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Credit cards offer really useful guarantees and benefits.

Weddings are a public celebration of your love, and the industry is pretty big business. If you’re looking to pay a similar amount for a special occasion, you may be wondering how you should pay. Well, you may have saved money over the years.

You can also consider a marriage loan, but I wouldn’t recommend going into debt for the wedding. After all, it’s essentially the equivalent of a big party, and you don’t want to pay off your debt ever since your friends and family stopped calling you “newlyweds.”

However, when it comes to actual payments to vendors and venues, conduct We recommend using a credit card (and paying the full balance with the money you stash). Here’s why:

1. You can receive loss compensation

An undergraduate friend of mine recently told me why “use a credit card” was the best wedding advice she got. Her wedding venue was closed prior to the ceremony due to a permit violation – it was a sketchy situation, she had paid her $1,000 as a security deposit to secure a spot for the ceremony. . Since she had paid by credit card, she was able to get her costs reimbursed by handing the matter over to her credit card company. Other couples who booked this venue and deposited cash weren’t so lucky.

Credit card purchase protection can be very useful as backup insurance in some cases. For example, if your wedding dress was stolen and you paid for it with your credit card, you may be able to get a partial refund of the cost. Read the fine print on any card you’re considering using for your wedding expenses.

2. Easily track your spending

It’s always a good idea to keep track of all the expenses you’re paying for a big project like planning a wedding. It gets easier. Sign in to your card issuer’s website (or card’s mobile app) to see all costs and payment dates. Simple!

3. Get cashback and points

This is a great reason to pay for your wedding with a credit card. You can get rewards for spending with some credit cards, including cashback. Do your research and choose the card that offers the best rewards for your planned spending. If you’re planning a great honeymoon, you might consider using a Travel Rewards credit card.

4. You may get APR 0% loans for a while

if you conduct If you need to cover some of your wedding expenses and you know you can pay them off in a relatively short period of time, you might end up doing worse than using a credit card with a 0% APR referral period there is. This can take as long as 21 months on the best cards, and it takes nearly two years to pay off the balance. can cover the cost.

Note that you must make at least the minimum payment even during the 0% APR period. Instead of relying on the minimum amount required by your credit card company, we recommend doing the math yourself. If you have a balance of $5,000 and can pay it off in 21 months, you can pay $238 a month to pay off the balance before you incur additional charges.

As you can see, it makes sense to pay for venues, vendors and even honeymoon expenses with a credit card. Make payments on time and ideally before interest accrues. You don’t want to start your newlywed life with that kind of burden.