What are bad credit card charges?
Credit card issuers look for any indication that a consumer might be struggling financially. Companies are lowering limits, raising interest and now monitoring some card charges in an effort to protect themselves against rising consumer charge-offs. In order to protect yourself, there are some purchases that should be made in cash or with a check to avoid monitoring processes. Robert Manning, author of “Credit Card Nation” says there are some things that should just never go on a credit card. Those are traffic tickets, cash advances, lottery tickets, repeated liquor purchases and adult entertainment purchases. Cash advances and lottery tickets might signal financial struggles to a credit card company. Repeated liquor purchases show that a person might not be making responsible choices. Manning adds that adult entertainment is a sign of problems at home, which are often a result of financial issues. While any of these purchases might just be a one time indulgence, to a frightened credit