Using a credit card to pay for wedding expenses when the money is in the bank?

My mother was very generous to pay for the entirety of my upcoming wedding. She has the funds sitting in a separate account for when we need them. I had heard that getting a credit card and using it for the wedding expenses, paying the full balance each month, can be a good way to earn rewards with the card and build some credit. Would anyone actually recommend this? Of course assuming I stick to my budget and do not spend more than the money that is in the bank.|||This is how we pay our daily expenses and how we paid for much of our wedding.





We pay off our credit cards each month (NO EXCEPTIONS) and have used the rewards to


Pay for first class tickets to Europe


Pay for weeks in Rome, Milan, Florence, Munich, and Paris.





Aside from paying them off, it's also important to weigh the fee on the card. If it's $200 a year and you are only getting back $150 in rewards, then the card doesn't make sense. A free card with lower incentives would be a better choice.





It doesn't necessarily build credit, but by paying it back regularly and on time, the credit card company may increase your credit line. This may or may not affect your credit score.|||As long as you are smart about it then a credit card is a good way to build credit. So yes, as long as you have the money in the bank to pay your payments when the bills come in. Just don't go beyond your budget.|||I think that is a great idea as long as you have the money to pay the bill off right away and you don't get charged any interest. If you didn't already have the money lined up to pay for it i would not recommend it. But since you do that's a good idea :)|||As long as you truly intend to pay it off within the month you get the bill it shouldnt be an issue. The problem is if you carry it passed the 30 days grace period %26amp; thus begin getting fees %26amp; interest being an expensive event that could be costly. And unnecassrily if you have the funds. But it would help keep things together %26amp; simply %26amp; organized easer to deal with if you canael anything.|||Yes, as long as you pay in full on time, then go for it. It's also easier to track your expenses if you put it all on the card-you can see them all on your statement or online at their website.


Congrats, and best wishes.|||as long as you pay off the full balance before the billing cycle ends, it will do you no harm and you'll get credit card rewards... just be careful!|||It's a fantastic idea, especially if you have a rewards card.





Just make sure that you're responsible with it and you always pay in full. Also, don't be surprised if some vendors (primarily thinking DJ and photographer) can't accept credit cards.|||Yes, provided that you do pay the entire balance each month. It will help you build your credit. Also, it depends on what kind of rewards program you have set up. Some credit cards don't offer any rewards.





However, if you don't actually have the card yet, and are thinking of applying for one, keep in mind that several inquiries for credit on your credit history can negatively affect your credit score.|||As others have said, a credit card is a convenient way to carry money around with you. If you plan to pay off the statements as soon as they arrive, it's even free! That's how I use a credit card, never going into debt (because, thank God, I don't need to).





BUT paying off a credit card every month doesn't help your credit rating. Your credit rating comes from borrowing money and paying it back faithfully. If you pay off your credit card every month, you are not -borrowing- money.





BTW, congratulations! I hope you are both very happy forever.|||I would agree with this ONLY if you do pay off the credit card in a timely manner and pay more than the minimum payment required. Balanced on credit cards can easily get away from you if you are not careful. If you have the money in the bank, go ahead and use the credit card to help build your credit and just make sure you stick to your budget and pay the card off as you plan.|||It is a really good idea if you can use a cash back or rewards card to pay for everything, then pay the balance in full each month before interest is added. The thing that you have to be careful of is when is the interest calculated? On a lot of revolving cards, the interest starts to accrue from day one. If they offer online payments, I would pay these balances immediately upon using the card to make sure to avoid any unnecessary interest.|||I would absolutely reccomend this! Be sure to pay the entire bill each month though!|||This is exactly what we did. As long as you pay the bill each month, it's an excellent plan.|||That's exactly what we are doing. (My fiance's cards.) So far, he has earned back over $2,000 and as usual, his credit is impeccable. I think you got some great advice on this. Just like you said, though, be very careful about sticking within your budget.


EDIT: one of the people answered this very incorrectly (its that guy) is his user name. Paying a credit card balance in full each billing cycle is in FACT a wonderful way to build credit. I should know. My FH is quite successful at doing just this for years.|||As long as you do it exactly as you just described, it's a good idea.