![]() Paying for your honeymoon using credit card rewardsĪnother helpful strategy to consider is using credit card rewards to fund your honeymoon. ![]() Tally helps qualifying applicants consolidate their credit card payments, so they can potentially save money on interest payments. Strive to only use credit cards for wedding expenses if you have the savings to quickly pay off the debt in full.ĭo you have existing credit card debt? Tally † might be able to help. The dangers of credit cardsīefore you put anything on a credit card, understand that it’s wise to only use credit cards if you can pay them off in full.If you plan to carry a balance, the interest you pay will almost certainly outweigh any rewards you might earn.Ĭredit card debt can be a slippery slope. You could also sign up for new cards in order to earn signup bonuses. There are many cards that earn 1.5% to 2% cash back on all purchases. ![]() To maximize the rewards you earn, it’s smart to use a cash back credit card. If this is the case, it’s better to pay cash/check to save on fees. Many items in your wedding budget could probably be paid for with a credit card, such as decor, outfits, flowers, food and alcohol, to name a few.īigger-ticket items like the catering company or the venue may charge a fee to process credit card payments (often 2-4%). Earning credit card rewards for wedding expensesĪnother strategy to consider is trying to maximize the rewards you earn while paying for your wedding expenses. If you’re planning ahead, you can focus on saving up money and racking up rewards, so you can cover as many wedding expenses as possible. Reducing wedding costs with credit card rewardsĪ more realistic example is paying for some wedding costs using your rewards.įor instance, you might be able to save up to $1,000 or so in rewards, which could cover the cost of the DJ or the groom’s suit.Įvery dollar helps. This could theoretically help you save some money on wedding expenses, but it’s not necessarily the right strategy for everyone. ![]() Some people enjoy “churning” credit cards, which is the hobby of signing up for multiple cards in order to earn the signup bonuses. Some cards will have an offer like “spend $3,000 in the first 3 months, and earn a $300 cashback bonus.” These rewards are in addition to the standard rewards you would typically earn. You could boost your wedding savings fund by applying for credit cards that offer signup bonuses. Put simply: Paying for an entire wedding using solely credit card rewards is not all that realistic - though it’s technically possible. But, given that the average wedding costs $28,000, that’s a whole lot of credit card spending in the process.įor some perspective, you’d have to spend $1,400,000 on a 2% rewards credit card in order to earn $28,000 in rewards. Theoretically, you could save up enough credit card rewards to pay for many wedding expenses. For example, if you have a 2% cash back credit card, you’ll earn 2% back on every purchase you make - a $100 purchase would earn you $2 in rewards. How to pay for a wedding using credit card rewardsĬredit card rewards are earned on every purchase you make. ![]() is $34,000 when you factor in the cost of the engagement ring.Īre you wondering how to save for a wedding or how to pay for a wedding in creative ways? This guide explores using credit card rewards to reduce wedding costs and other inventive ways to cut back on the expenses of your special day. The average current wedding cost in the U.S. If you’re researching how to pay for a wedding, you might find yourself in a bit of shock. ![]()
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