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Living the Alternative

U.S. consumers use credit cards for ‘crazy purchases’

February 11, 2014

While it main seem like a bad idea to make big purchases on credit cards you can’t pay off, many Americans use their cards for extravagant purchases such as tattoos, cars and weddings, according to a survey released on Monday from CardRatings.com.

According to an article by the LA Times:

The top responses from the 57% who said they made a crazy credit card purchase were adult entertainment (6.7%), scalped tickets to concerts or sporting events (6%), cars (5%) and college tuition (4.7%).

Despite the appeal of having a large item right then and now, the article warns consumers to only use their cards for items they can immediately pay off.

To read more information from the survey click here.

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