The Use Of Credit Cards For Everyday Purchases

One of the first things a reputable credit counselor will tell you is to never use your card to purchase everyday items

. Such items include things like soap, toilet paper, and groceries.

Well, groceries are okay to put on your credit card if the amount tends to be substantial. But you get the idea. Don't go out for toilet paper and wind up putting it on your card.

With our economy in the dumps and unemployment figures rising rapidly all across the country, hard decisions must be made by ordinary citizens. For many of us such decisions involve instances where their credit cards should be used and those where they should not.

There are Times when you should use your Credit Card

Let us start with the positive use of credit cards. That credit card should be used for one of the following two purposes:

1. As a means to build credit. There is no need to borrow money to purchase a certain item you want. On the other hand, you are attempting to build up your credit and that can't be done without digging out that dusty old credit card from the depths of the desk drawer and putting it to use.

2. A last ditch option when an emergency comes along. Nobody actually expects their car to die in the middle of the freeway a thousand miles from home. Or a basement pipe to crack and spill nasty stuff all over their basement. (Not that I'm bitter.) So you might not always have that extra $500-$1,000 just lying around waiting for you to use. That's where having a credit card to bail you out comes in handy.

Sometimes even Using your Credit Card for Everyday Staples can be Appropriate

So, you should never use your credit card for all of that ordinary stuff. That's it. End of story. Right?

Life has a way of not always being black and white. There are gray areas lurking around every corner. Sometimes those every day staple items can add up to real money. Thanks to our country's dark economy and employment picture, money can be in very short supply for countless families these days.

When given the choice between buying formula for the baby and not having any when the next feeding rolls around, you're going to whip out that plastic without thinking twice. Believe me, I've been there. The money crunch hurts. But there's an upside to using your credit card for the usual suspects that you're going to enjoy if you did your homework when you picked your card in the first place, and that's reward points.

I can't go into detail with this as each credit card issuer has a distinctive rewards plan (if they offer one at all) and so have no idea how your particular plan works. We will stick to the credit cards that reward you with points for purchases made on the card. Those reward points can then be cashed in for all sorts of merchandise. The more you use the card the more points you accumulate and the more stuff you can get for nothing. Hey, you can use it the next time you purchase toilet paper!

by: Joe Villanvera

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