8. Automobiles
Think this is a crazy idea? Some people claim to have used a credit card to pay for a car — and they don’t regret it, partially because they earned tons of points after doing so. In addition, a 2009 Consumer Reports article advises that you pay your car down payment with a credit card because if the auto dealer goes out of a business, you can challenge the payment with your credit card issuer.
Still, don’t resort to this payment method unless you’re confident you can afford it and the possibly high credit card interest charges. If you have a budget in place, using a credit card might be a viable option. But if you don’t have enough money for a down payment, perhaps you should delay your car purchase. Ask a financial advisor and speak with the car dealership first to make sure they’ll accept your credit card payment.
