This post is part of a recurring series here on BSB – we share a wedding budget tip every Tuesday to help you save money on your wedding! You can also access all the wedding budget tips on a single page for your convenience and future reference.
Wedding Budget Tip #25:
Sign up for a rewards credit card for wedding purchases.
If there's one thing that we're definitely not into, it's racking up debt. We have been a long time Dave Ramsey followers, and generally don't believe in taking on debt of any kind, especially for your wedding day!
Even though we love Dave Ramsey, we don't 100% subscribe to his no-credit-card policy. There's some good that can come from using certain credit cards – like awesome rewards miles and points towards travel. Many couples open a new rewards card and put all of their wedding purchases on that card to earn points towards their honeymoon! If you're going to spend the money anyway, you might as well earn some extra perks from it, right?
Choosing the right rewards credit card for your wedding
Do some research to find the best rewards cards for travel rewards to a destination you'd like to go. Consider airline rewards cards, hotel rewards cards, etc. Use your rewards credit card exclusively for wedding purchases and earn points to redeem for free honeymoon flights, hotel nights, or other great rewards depending on the card you choose. Many cards come with a sign-up bonus like 50,000 miles if you spend a certain amount in the first few months. It's definitely worth checking for bonuses like that for added deals!
Like I mentioned in a recent episode of the Save the Date podcast, I love to check out suggestions from The Points Guy. He's rounded up the best travel rewards credit cards to earn free travel, so be sure to check out that post if you're interested!
What to watch out for with credit cards
Be sure to keep things in mind like annual fees, interest rates, etc when comparing cards. We have several different credit cards now that we use for different things. Some cards earn more points on groceries or gas, while others earn more on travel. Just be sure to pay them off each month and don't carry over a balance. By paying your cards off in full, you'll ensure you're not paying interest on anything.
If you decide to use a credit card to earn points on your wedding purchases, just make sure to pay it off every month with funds from your wedding savings account. If you use your card smartly, you can make it work FOR you instead of against you.
So tell us: do you take advantage of credit card reward points?
Leave a comment below and let us know!