Tips On Using Your Credit Card For Wedding Shopping

Weddings are costly and you will be spending tens of thousands of dollars in the year leading up to your wedding day. Keeping track of the money you are going to spend is important. We recommend that you have a separate credit card for your wedding, which will make tracking all your wedding expenses easy. In addition, many credit cards have all kinds of built-in insurance coverage for purchases, deposits, car rentals, etc., that might come in very handy if you experience problems with a vendor.

For example, if you paid a cash deposit for your wedding flower order, and find that 2 months before the wedding, the florist goes out of business, you will probably never get your money back—unless you are successful in small claims court. That’s a hassle you don’t need! If you paid your deposit for your wedding flower order by credit card, depending upon the credit card you have, you can get your entire deposit back because you have not actually received any product yet.

Many credit cards will reimburse money for items you purchase with the credit card that break, are ruined, or are destroyed before you get it home. Imagine you purchased a $1000 wedding dress, and on the way home a gust of wind blows your beautiful wedding dress right onto a freshly tarred street and it is ruined! If you purchased by cash, well, the problem is yours. If you purchase with a credit card that has the insurance built into it, you could get that money reimbursed so you can get a new gown. Or, if you have wedding insurance, it could be covered by that insurance.

So, whether you opt for wedding insurance, or a credit card with good coverage, the choice is yours—although wedding insurance is much more comprehensive. But a lot depends upon your needs and the complexity of your wedding plans.

Here is another tip. Most couples spend some time saving for their wedding. The suggestion we have is to put your wedding savings as a deposit on your wedding credit card. Get yourself a nice, healthy positive balance of money in your credit card account before you start spending. Not only is this a great way to save for your wedding, but you will know exactly what you have in your budget at all times—and you’ll know if you go over your budget!

A good credit card with coverage for lost deposits, breakage, and so forth will give you peace of mind. Shop around and check out your options. The thought of yet another credit card might have you shaking your head—-but consider using it to deposit your savings and to protect your deposits and purchases along the way. It is a tool that is very valuable if used the right way.

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