10 Situations in Which You Should Not Pay With Cash

Credit card payments nowadays are quite common. Many people prefer to use their credit cards to pay for their regular purchases so that they do not have cash on hand. However, there are many people who, for various reasons, only use cash.

Although we can use cash without any problems with daily shopping or other monthly purchases, it seems that there are some situations in which it is best to pay in cash.

For example, experts recommend that we pay with our card for utilities, as well as electronics and appliances. Are you curious about the other cases in which you should not pay in cash?

Utilities

According to David Walters, a financial planner, it is better to pay your monthly expenses with your cards, such as utilities, cable, and telephone. These types of payments do not require any additional fees. This way, you can save time and energy and plan your expenses much better.

Purchases for the company

When you make purchases for the company, you need proof of expenses. It's easier to keep track when you pay by card, according to Priyanka Prakash, a content editor at a small business platform. That's why you should have a special company account.

Services from which you can claim compensation

Even if you think that those who repaired your car or installed double glazing have done a good job, only time can tell. When you pay for such services with your card, you are more protected than if you pay with cash and so you can receive compensation much easier.

Buying a house

When you buy a house, you certainly do not have all the money to pay cash. Even if you have them, it is not a good idea to make such a payment. The commission you pay for buying a home in this way can be used for investments.

Electronic

If you want to buy something with an extended warranty, then you should not pay with cash. Some credit cards offer extended warranties for electronics just by being a customer of that bank. However, these credit cards only cover certain purchases and for this reason, you should check them before buying anything.

Vacations

Paying for cash on vacation doesn't benefit you in any way. Instead of wasting time and energy, you better pay directly with the card. This way, you no longer have to carry large sums of money, which can be stolen or lost.

Protect yourself from fraud

Want to buy something from a company you don't trust? Then it is advisable to purchase that product with your credit card. If it turns out to be a scam, you can ask for compensation. If you pay with cash, there is a risk that you will never get your money back.

Event tickets

Want to buy concert tickets fast? If you can't verify their authenticity, then it's better not to buy them with cash. If they prove to be untrue, you can be compensated.

When you want to monitor your expenses

When you want to raise money, the first thing you need to do is monitor your expenses. Because cash is harder to count, it's best to use a credit card for shopping. You can use online card applications, which categorize your expenses and help you create a budget.

You rent a car

When you rent a car, you certainly don't want to spend money on what you don't need. Your credit card offers you insurance when you rent a car. This saves you from overpayments, which is not the case when you pay with cash.

Paying with a credit card can save you in many situations. But despite this, you always need to have cash in the wallet anyway.