Items You Should Never Ever Charge To your Credit Card

College tuition

This is just a flat “no.” There are so many options to finance your tuition payments that putting them on your credit card should be the low you never stoop to. Interest rates on your card are often up to six times higher than federal student loan rates. And if you’ve maxed those out or are only eligible for private loans, rates are still considerably lower than what you have on your credit card.

College loans are designed to get your tuition plaid, and credit cards are designed for temporary balances that you can pay off within a few months. If you’re looking at paying off student debt over 20, 30 or 40 years, a credit card is the last place you want it.