The average wedding in the United States today costs around $30,000, according to various surveys.
When it comes to spending such a large sum of money for various wedding costs such as venue and vendors, your credit card will come in handy. Not only will you be able to pay for the wedding, but the rewards that will come with such high expenditures will also benefit you.
It’s important to be strategic about what wedding expenses you charge to your credit card. After all, you do still have to pay back every dollar when the statement arrives. This article covers the best ways to use your credit card for your wedding.
Signing Bonuses Should Be Your Top Consideration
Consider available cards with robust signing bonuses during this time since you’ll be spending a lot on the card. Cards that offer you something like 50,000 airline miles or 50,000 points toward flights or other benefits should be highly considered.
These benefits and rewards can help you save on future costs, such as flights for your honeymoon or gift cards to purchases items for your home.
Consider Service Charges Involved
Before you think of charging every service and purchase on your card, consider that there may be additional charges involved when planning a wedding. For example, most service providers will impose a transactional fee if you pay using your credit cards.
This means that the services you thought would come at a low cost can be quite expensive. If you must use credit for paying for such services, you should consider taking on a personal loan instead of using a credit card. They have a low interest rate as opposed to credit cards.
For services, it is best to pay using cash to avoid extra expenses and paying premiums on services. When in doubt, just ask the service provider if there are additional charges for paying with a credit card.
Stockpile Your Points
You don’t only have to open a new credit card to enjoy the rewards that come from spending on your wedding. You can also stockpile your previous card’s points. This may help you pay for your travel expenses since you’ll likely be traveling after the wedding.
In most cases, people get over-joyed and redeem their points to pay for their wedding expenses without looking further ahead. You can redeem your points for hotel rooms or airline miles to cover for your honeymoon. You certainly don’t have to pay for your wedding, as well as you’re your honeymoon in full.
Conclusion
A wedding is a time to be merry and enjoy finally finding the one you’ll spend the rest of your life with. But planning a wedding also comes with a considerable cost that many people don’t have the capability of handling. That’s where credit cards come in. They can help you pay for your big day. However, this doesn’t mean you can overcharge them to host an event that is out of your budget.