What Can’t You Buy With A Credit Card?

Credit cards have revolutionized the way we shop. They allow us to buy almost anything without the need for cash or checks. However, there are some things that can’t be purchased with a credit card. In this article, we will…

Credit cards have revolutionized the way we shop. They allow us to buy almost anything without the need for cash or checks. However, there are some things that can’t be purchased with a credit card. In this article, we will explore what those things are and why they can’t be purchased with plastic money.

While credit cards are convenient, they aren’t a universal payment method. From government fees to certain types of investments, there are plenty of things that can’t be bought with a credit card. So, if you’re curious about what can and can’t be purchased with credit, keep reading to learn more!

What Can't You Buy With a Credit Card?

What Can’t You Buy With a Credit Card?

If you’re someone who prefers using a credit card over cash, you may have wondered if there are any limits to what you can purchase with your card. The truth is, while credit cards are a convenient and widely accepted form of payment, there are some things that you can’t buy with them. Here are 10 things that you can’t purchase with a credit card and why.

1. Lottery Tickets

Most states in the US prohibit the purchase of lottery tickets with a credit card. This is because gambling debts are not legally enforceable and credit card companies don’t want to be held liable for those debts. Additionally, lottery tickets are seen as a high-risk purchase, and credit card companies may charge a higher interest rate for cash advances used to buy them.

2. Medical Bills

While many medical providers will allow you to pay your bills with a credit card, some won’t. This is because credit card companies charge merchants a fee for every transaction, and some medical providers don’t want to pass that cost onto their patients. Additionally, some medical providers may not accept credit cards for larger bills because of the credit limit on the card.

3. College Tuition

Most colleges and universities won’t accept credit cards as a form of payment for tuition. This is because of the high fees associated with credit card transactions, and the fact that colleges and universities don’t want to pass those fees onto their students. Additionally, many credit cards have a limit on the amount that can be charged in a single transaction, and tuition payments often exceed that limit.

4. Mortgage Payments

Most mortgage lenders won’t accept credit cards as a form of payment for your mortgage. This is because of the high fees associated with credit card transactions, and the fact that mortgage payments are typically large transactions that exceed the credit limit on most credit cards. Additionally, mortgage lenders want to make sure they receive their payments on time, and credit card payments can take several days to process.

5. Cash Advances

While you can use your credit card to withdraw cash from an ATM, it’s important to note that this is considered a cash advance, and is subject to a higher interest rate and additional fees. Additionally, some credit card companies limit the amount of cash you can withdraw in a single transaction.

6. Illegal Items

It’s illegal to purchase illegal items with a credit card, and credit card companies won’t allow it. If you attempt to purchase illegal items with your credit card, your card could be canceled and you could face legal consequences.

7. Investments

Most investment firms won’t allow you to purchase investments with a credit card. This is because of the high fees associated with credit card transactions, and the fact that investment firms want to make sure that their clients are using legitimate funds to make investments.

8. Utilities

Some utility companies won’t accept credit cards as a form of payment for your utility bills. This is because of the high fees associated with credit card transactions, and the fact that utility companies don’t want to pass those fees onto their customers.

9. Child Support

Most child support payments have to be made directly to the state agency responsible for collecting them. While some states may allow you to make payments with a credit card, many won’t. This is because of the high fees associated with credit card transactions, and the fact that child support payments are typically large transactions that exceed the credit limit on most credit cards.

10. Prepaid Cards

Most credit card companies won’t allow you to purchase a prepaid card with your credit card. This is because of the high risk of fraud associated with prepaid cards. Additionally, credit card companies may charge a higher interest rate for cash advances used to buy prepaid cards.

In conclusion, while credit cards are a convenient and widely accepted form of payment, there are some things that you can’t purchase with them. It’s important to understand these limitations before attempting to use your credit card for certain purchases.

Frequently Asked Questions

Can you buy lottery tickets with a credit card?

Unfortunately, you cannot buy lottery tickets with a credit card. The reason is that many states consider gambling as a cash advance, which is a transaction that credit card companies often prohibit. This is because cash advances usually come with high-interest rates and fees.

Additionally, buying lottery tickets with a credit card can lead to credit card debt, especially if you don’t win. Therefore, it’s best to avoid buying lottery tickets with a credit card and use cash instead.

Can you pay your rent or mortgage with a credit card?

It is possible to pay your rent or mortgage with a credit card, but it’s not always the best option. Some landlords and mortgage companies don’t accept credit card payments, while others do but charge a convenience fee that can be as high as 3% of the transaction amount.

Moreover, paying your rent or mortgage with a credit card can also lead to debt if you don’t pay off the balance in full. Therefore, it’s important to consider the fees and interest rates before using a credit card to pay for your rent or mortgage.

Can you buy stocks or invest with a credit card?

No, you cannot buy stocks or invest with a credit card. Most brokerage firms don’t accept credit card payments because they are considered high-risk transactions. Moreover, buying stocks or investing with a credit card can lead to debt if the investment doesn’t perform well.

If you want to invest, it’s best to use cash or a debit card. You can also consider opening an investment account with a brokerage firm and linking it to your bank account for easy transfers.

Can you use a credit card to pay for college tuition?

Yes, you can use a credit card to pay for college tuition, but it’s not always the best option. Many colleges and universities charge a convenience fee that can be as high as 2.5% of the transaction amount. Additionally, paying for college tuition with a credit card can lead to debt if you don’t pay off the balance in full.

Therefore, it’s important to consider the fees and interest rates before using a credit card to pay for college tuition. It’s best to compare different payment options and choose the one that works best for your financial situation.

Can you buy a car with a credit card?

No, you cannot buy a car with a credit card. Car dealerships usually don’t accept credit card payments for large purchases like cars because they are high-risk transactions. Moreover, most credit cards have a limit on how much you can spend, which may not be enough to cover the cost of a car.

If you want to buy a car, it’s best to use cash, a certified check, or a loan from a bank or other financial institution.

NEVER Do These 5 Things With A Credit Card


In conclusion, while credit cards are convenient and widely accepted, there are still certain things that cannot be purchased with them. These include some types of investments, certain government fees, and illegal products or services. It is important to be aware of what cannot be bought with a credit card to avoid any potential issues or fraudulent activity.

However, it is important to note that there are alternative payment methods available for most of these purchases. For example, investments can be made with a direct bank transfer or by using a debit card. Government fees can often be paid with a check or money order. And as for illegal products or services, they should never be purchased under any circumstances.

At the end of the day, credit cards are a useful tool for making purchases, but it is important to understand their limitations. By being aware of what cannot be bought with a credit card and knowing alternative payment options, consumers can make informed decisions and avoid any potential problems.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *