Let me share a little secret with you. Pay your college tuition with your credit card. Seem a little scary? You have to be careful, but this can be a great benefit to you, especially while you are still in school. My husband and I have paid our tuition with our credit cards since we got married. I’ll tell you how we do it.

For some reason, my husband and I have never qualified for federal education grants. I guess the government thinks we make too much, but I’d like to see where that money goes. Anyways, since we don’t qualify for grants, we have always put our college tuition on our credit card. We were paying over $4,000 per semester before I graduated. We put both tuitions and all of our books on our credit card and it has benefited us so much.

We have a reward credit card and have redeemed so many points because we do this. By putting our tuition on our credit cards, we have really racked up the points. And, we have racked them up fast. We have been able to get so many free products this way. In fact, we paid for almost our entire Christmas last year by just using our points - it only takes money management and common sense to be able to enjoy your money!. That includes the gifts we got for our families and friends. That was quite a feat, considering we are still students.

Are you really scared thinking that my husband and I are in debt over our heads? Actually, other than our home and one car, we don’t have any debt at all. We have been extremely careful as we pay for college with our credit card. At the beginning of the semester, we use our reward credit card to pay our tuition. We make extra payments on the card every time we get paid, so we pay off the high balance before it accrues too much interest. Basically, we were looking for any sort of relief from paying so much in tuition. We found the solution by paying for our tuition with our reward credit card.

Yes, we have paid a lot in tuition with our credit card. But on the other hand, we haven’t had to pay for other products that we needed. We got these products for free because we redeemed the points we had earned. Make a plan before you put your college tuition on your credit card. Be careful to pay it off the next month, or certainly before another semester starts. You’ll be so glad you paid your college tuition with your credit card. We are.

This entry was posted on Monday, August 18th, 2008 at 2:53 pm and is filed under Credit Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.