Friday, September 11, 2009

What Not To Use Your Credit Card On

I found this article on AOL and thought that I would share it.

20 Purchases to avoid making with your credit card
TOM BARLOW
Sep 8th 2009 at 2:30PM
American Public Media's Marketplace recently asked the author of “Credit Card Nation” to help put together a list of 10 purchases to avoid making with a credit card. It's no secret that our purchasing histories are carefully watched by credit card-issuing banks, not only for opportunities to inspire us to spend more, but for early warning signs that we might be in financial distress.
Marketplace's list of 10 things to not pay for on credit:
1. Retreading tires
2. Bargain binges
3. Sex toys
4. Marriage counseling
5. Lottery tickets
6. Cash advances
7. Spa treatments and other personal indulgences
8. Income taxes
9. Alcohol
10. Traffic Tickets
The reasons should be obvious. Some expenditures, such as retreading, show that your pocketbook is empty. Others demonstrate that your personal life is in flux, such as marriage counseling. Yet others suggest you're not making the best use of your money, by using credit for things such as spa treatments and mixed drinks.Of course, this list is hardly comprehensive.
I'm sure you could think of dozens more purchases that should not go on your credit card. Off the top of my head, I'm thinking you shouldn't use your credit card to pay for:
1. Medical marijuana bongs
2. Spray-on hair
3. "I ♥ my convict" T-shirts
4. NAMBLA fund raising auction bids
5. The "Free Bernie Madoff" fund
6. Three seats on a return flight from The Biggest Loser
7. A bankruptcy lawyer
8. Al Qaeda membership dues
9. Koala Bear steaks
10. The David Carradine suite at the Nai Lert Park Hotel in Bangkok
I guess that the inflatable doll...her name is Margheritta, that I bought using my American Express Titanium Card would get the thumbs down. It figures.
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