Credit cards are both a blessing and a curse. When used sparingly and responsibly, they can help out a lot. You can buy things you wouldn’t normally be able to afford and make payments on them. You can also improve your credit by being in good standing with credit card companies. In a pinch, they can also save you if your bank account is not up for paying bills. You can pay your mortgage, you can buy a car, and you can even pay for an expensive trip with a card (again, the key word is RESPONSIBLY). However, there are some mischievous things that credit cards will not buy you. Check out this post by Janna Heron at Bankrate. Most of them are not that surprising:
-Marijuana- even if you have a legal prescription or live in a state where recreational use has been legalized.
-Gambling chips- better use cash only if you plan on heading to Vegas.
-Lottery tickets or scratch cards- are considered “high risk business activities”.