How will I pay for my wedding? When you started planning your wedding, the thought must have overwhelmed you. With the average American’s wedding costing more than $25,000 (that’s a down payment on a house!), it’s no surprise that many couples have to find alternative ways to pay for their wedding, rather than out of their own pockets. Not surprisingly, credit card payment is the most popular option.
Can I pay for my wedding with a credit card? Absolutely! If your credit isn’t that bad, no one will approve you, there are options you can use to cover your wedding expenses. However, there is a right and wrong way to do it. If you don’t want to start your married life with thousands in debt and a hefty monthly credit card payment, here’s all you need to know.
The Best Credit Card to Pay for Your Wedding
Not all credit cards are the same! When you’re choosing a credit card for your wedding, you want to find the product that gives you the most perks (like travel miles, cash back, etc.) AND has the lowest possible interest rate. You’ll also want to apply for the cards you get approved for. I suggest you consider the CorTrust MasterCard. You can find all the details here http://popileriz.com/www-cortrustcard-comapply-apply-cortrust-mastercard/. What’s more, you’ll find all the information on getting the card and activating it on the website.
The Benefits of Using A Credit Card to Pay for Your Wedding
There are several obvious perks to using a credit card to pay for some or all of your wedding expenses. Here are a few of the main reasons why you should:
- You get extra consumer protection when shopping for your wedding expenses. Perhaps one of the worst aspects of wedding planning is the anticipation and feeling of uncertainty. After all, most couples bail the venue out up to two years in advance. While we would all like to believe that our wedding vendors will keep our money, the truth is that sometimes it happens. Contracts get lost, money disappears, and vendors can go back on their word.
- Paying for your wedding with a credit card protects you and your finances in several ways. First, you will have a well-documented trail of everything you paid for. Second, and most importantly, almost every credit card on the market offers consumer protection. If you’re stuck with a provider from hell who tries to charge you for services you didn’t use, you can dispute your credit card payment and likely get your money back. That’s a huge advantage.
- You can get bonus points, cashback and more. This is an obvious perk of paying for a wedding or other major expense with a credit card. To find a credit card that offers the benefits you and your partner want, there’s no time at all. A card that offers airline miles can help you pay for the travel expenses of your honeymoon, or you can opt for cash back for easier money savings. Either way, these perks go a long way when you’re trying to save what you can for your wedding.
- You only need to borrow what you need. When it comes to personal loans, chances are you will have to borrow more money than you really need. When you use a credit card, you never borrow more than you need (although you have to be careful to stick to your budget and not overdo it when you have a credit card!).
- You’ll have more time to pay. Unlike other major expenses that people put on their credit cards, weddings are unique because you usually pay a deposit months (or years) before the event. You may not have the money now, but you’ll have the money when your wedding finally happens. Making credit card payments can help you continue to save for your big day, as well as save on the price by paying your monthly credit card payments.
What Wedding Expenses Should You Pay by Credit Card?
Just because you use a credit card to pay for your wedding doesn’t mean you have to (or should) pay for everything with it. A strategic approach to using a credit card can save you time, stress, and, of course, money. So, what should you use your credit card for?
- Deposits. Because deposits must be made months in advance, they are the ideal choice for using your credit card. You’ll be able to gradually deposit while you’re preparing for your wedding, and then you can pay the rest in cash or charge the card again.
- Transportation costs. You’re likely to get great deals on travel if you use a credit card. If you’re going to use it for expenses, make your card work for you and accumulate those air miles!
- Your dress. I would never wish you a bad wedding dress, but there is a rare chance that something will happen in the ordering, sewing and delivery of your dress. Although rare, there have been brides who didn’t get their dress on time. Paying for the dress or at least the initial deposit with a credit card ensures that just in case you get your money back.
- Online merchandise. I can’t count how many things I’ve ordered online have been lost online. Paying for supplies online with a credit card makes it easy to see all your purchases, and you can contact the stores if you haven’t received your products.
- Wedding planner/coordinator fees. There is no shortage of scam artists in the world, and unfortunately, thousands of couples are scammed by scammers / wedding coordinators every year. While you will probably find a great planner, paying by credit card ensures that your purchase is protected and well documented if you have to dispute it. Moreover, if you are interested in this topic, you can go to the forum and here you will find all the answers to your questions and more! So, hurry up and follow the link and decide for yourself which wedding expenses you should spend your money on!
So, when it comes to paying for your wedding, there really is no right or wrong way to go about it. If you decide to use a credit card to finance your wedding, stay committed and follow your repayment plan and set yourself up for a lifetime of financial success. Good luck, wedding planners!