With U.S. credit card debt totaling $1.17 trillion, WalletHub expert Chip Lupo advises couples to use credit cards wisely for wedding expenses. He suggests choosing cards with rewards or 0% APR but stresses the importance of avoiding long-term debt.
In the U.S., credit card debt amounts to a staggering $1.17 trillion. More than half of the couples surveyed by Bored Panda reached out to WalletHub finance writer and analyst Chip Lupo for advice on using credit cards to fund wedding expenses . Lupo believes that utilizing credit cards responsibly can be beneficial, especially when choosing cards with rewards or a 0% introductory APR.
However, he emphasizes the importance of avoiding long-term debt and only charging what can be repaid during the interest-free period. Other options include downsizing the wedding ceremony, saving in advance, and using crowdfunding or family support to reduce costs. Lupo also advises the bride to reassess her budget, avoid maxing out credit cards, and establish a realistic spending plan. He highlights the importance of prioritizing financial stability and not jeopardizing it for the sake of a grand wedding
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