There are certain expenses you generally can’t charge on a credit card, like your rent or mortgage payment. And there are also expenses you can charge on a credit card, but shouldn’t – for example, school tuition, where you’ll generally be hit with a surcharge for going that route. But otherwise, it pays to put your other monthly and one-off expenses (like vacations) on your credit cards. Here’s why.
1. You’ll score more cash back
The great thing about credit cards is that they reward you for making purchases. The more items you charge, the more cash back you can accrue. So it’s especially worthwhile to charge expenses that offer this perk. For example, some of the best cash back credit cards give you 2x or 3x reward points for gas fill-ups, restaurant meals, or other specific purchases.
2. You can better track your spending
When you pay for some of your expenses in cash, it can be difficult to remember how much you’re spending in each category from week to week. The great thing about putting most of your expenses on credit cards is that you’ll have an easy way to track your spending.
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Not sure how much you plunked down on entertainment last week? Just check your credit card statement. Keeping tabs on your spending could not only help you avoid going overboard, but also make it easier for you to set up and stick to a
