If you find yourself facing large expenses, you need to understand what you can and can’t afford and adjust your wedding accordingly. A wedding is one day in your life, but after your big party you will want some place to live. Over extended credit will not be favorable to your credit score which will ultimately impact your ability to obtain things like a low interest mortgage or a reasonable interest rate on a car loan.
If your parents decide to not pay for your big day only AFTER you have deposits laid out beginning with your wedding planner all the way to the guy that will be cleaning up the reception room, then it’s too late to even panic. With 200 invitations already in the mail, you need to make a plan. If you have good credit, American Express often has some of the highest credit limits available. The Blue card from American Express has a longer introductory rate than most companies- lasting up to 15 months.
If the financial bombshell from your parents is causing you to scratch off a honeymoon from your wedding plans, you should think again. You could maximize your anticipated expenses by choosing a rewards card that could get you airline tickets for your trip. The Citi Premier Pass Card- Elite Level, offers complimentary companion travel, allowing you to obtain a second ticket when you have achieved your points requirement. Hilton HHonors Platinum credit card issues up to 50,000 points at the time of opening which may qualify you for free nights at select Hilton Hotels including the Embassy Suites or Double Tree hotels.
A wedding is certainly a time to remember, but don’t let the debt be your reminder. Be realistic about your credit card debt and how long you will need to pay it off. Many cards offer introductory rates with low interest or even no interest such as the HSBC Platinum MasterCard with Cash Back Rewards. With a 0% APR, this card also offers unlimited earnings and no expiration of points, while earning 1% cash back every where you use the card.
If your day to remember will require you to use credit cards, be smart about it. Review introductory rates as well as the fixed APR amounts before selecting a card. You can also get the most for your money by selecting a card with rewards options.
