Moving existing low-interest debt to a high-interest credit card is often a poor financial move.

Five Purchases to Avoid Putting on A Credit Card - Chase Bank

: 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. 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.

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What Not To Buy With A Credit Card Site

Moving existing low-interest debt to a high-interest credit card is often a poor financial move.

Five Purchases to Avoid Putting on A Credit Card - Chase Bank 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. Moving existing low-interest debt to a high-interest credit

: 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. what not to buy with a credit card

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