If you are a university student or parent of a student, you may have considered using your credit card to pay for tuition. This may seem convenient or even savvy given the potential rewards offered by some credit card companies. However, is using a credit card to pay for university tuition really a good idea? In this article, we analyse whether or not you should use a credit card to pay for a university education.
Beware of Rewards Exclusions and Convenience Fees
Before you get too excited imagining accruing free flights or cashback from large tuition charges, it is important to note that payments to educational institutions are often excluded from credit card reward programs. For this reason, it is important to understand the terms and conditions for your credit card before considering using it to make tuition payments.
Additionally, even if your credit card company does provide rewards ......