How to pay for your wedding with a credit card

The venue, photographer, flowers and clothes all help make your wedding day special but they do come at a price. In Australia, the average cost of a wedding is $36,000 according to the government's Moneysmart website.

It also reported that 60% of people got a loan and 18% used a credit card to pay for wedding expenses. While 82% of people also used savings, the fees and interest charges of credit cards or loans could make your wedding costs even higher. So if you're thinking of using a credit card for your wedding, here you'll find details about what types of cards to consider and the key questions to ask before you pay with plastic.

Step 1: Choose what wedding costs you'll pay for with a credit card

You'll usually be able to pay for some or all of the big wedding expenses using a credit card, cash or a combination of both. This includes:

Some wedding expenses may be cash-only. For example, your celebrant or photographer might not have card payments set up for their business (especially if they're a sole trader). Or, the venue may require a cash deposit as security for your chosen date. These details really depend on the wedding vendors, so it's worth asking when you first approach them to help you plan how you'll pay for different parts of your wedding.

Step 2: Talk about your budget

It's important you and your partner are on the same page about the costs and how you plan to pay for them. According to Moneysmart, most people (82%) use savings to help fund their big day. Sometimes parents and other family members will also offer to pay for parts of your wedding.

The more you both talk about these options, the easier it will be to work out your timeline for different payments – including repaying any credit cards or personal loans you've taken out for your wedding.

Podcast: How to plan a realistic wedding budget

Step 3: Pick a card that fits your goals

Just like there's no best dress for every bride, there isn't a single credit card that fits everyone's wedding plans, spending patterns and goals. You can find a card that suits you by thinking about these factors when you're looking at different options.

To get started, let's look at two of the biggest reasons people use credit cards for weddings:

1. To cover the cost of what you need and then pay it off over time
2. To earn points that could pay for a honeymoon, future holiday or other rewards

With that in mind, here's a rundown of different types of credit cards you could consider for your wedding.

0% interest credit cards
Pay for wedding expenses and get an interest-free introductory period that's usually between 3 and 15 months.

Compare 0% interest credit cards

Low rate credit cards
If you need more time to repay your wedding expenses, a card with a low ongoing interest rate could help you save on interest and budget for repayments.

Compare low interest rate credit cards

Frequent flyer credit cards
Want to use points to pay for your honeymoon? These cards can come with huge bonus point offers, as well as earning points per $1 spent.

Compare frequent flyer credit cards

Rewards credit cards
If you're not tied to a frequent flyer program but still want luxuries or even cashback, plenty of rewards cards also come with introductory offers.

Compare rewards credit cards

Step 4: Pay for your wedding and plan your repayments

Once you start using your credit card for wedding expenses, it's a good idea to use a repayment calculator to get a sense of how long it will take to repay. This will help you keep on top of the debt and track how much interest you're paying so you can keep the costs as low as possible.

How long would it take to pay off a wedding you've put on your credit card?

The overall cost of your wedding, your credit card repayments and the interest rates and fees all have a big impact on how long it takes to repay.

To give you an idea, say you had a credit card with a 19.94% p.a. interest rate. Here's how it would look with two different budgets:

Based on calculations using Finder's credit card repayment calculator.

These two scenarios show how different wedding budgets, credit card features and repayments can lead to very different timeframes and interest costs.

Planning ahead can help you keep credit card costs down (and avoid years of debt). So once you know your wedding budget, work out how much you'll put on your credit card and what you can afford to repay each month. That will give you an idea of how long you'll be paying off your card – and time to look at other spending options if the interest costs look too high.

Compare credit cards you can use for your wedding

Want to get a new credit card to help pay for your wedding? Use this table to compare features and offers based on what you want.

Name	Purchase rate p.a.	Bonus points	Points per $ spent	Interest-free period	Balance transfer rate p.a.	Annual fee
Kogan Money Card – Exclusive Offer ExclusiveKogan Rewards Program	Purchase rate p.a. 20.99%	Bonus points N/A	Points per $ spent 1	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 0% for 18 months with 1% balance transfer fee, then 21.74%	Annual fee $0	Go to siteMore Info Compare	0% Balance Transfer Offer Get 0% p.a. on balance transfers for 18 months with a 1% balance transfer fee. Plus an ongoing $0 annual fee.
Bankwest Breeze Classic Mastercard	Purchase rate p.a. 0% for 12 months, then 12.99%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 0% for 12 months with 2% balance transfer fee, then 12.99%	Annual fee $49	Go to siteMore Info Compare	0% Interest Offers Save with 0% p.a. on purchases and balance transfers for 12 months (with a 2% BT fee).
Coles No Annual Fee Mastercard Flybuys	Purchase rate p.a. 0% for 6 months, then 19.99%	Bonus points 20,000	Points per $ spent 0.5	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 19.99%	Annual fee $0	Go to siteMore Info Compare	20,000 Bonus Flybuys Points Get 20,000 bonus Flybuys points (worth $100 Flybuys Dollars) and 0% interest on purchases for the first 6 months.
Latitude 28° Global Platinum Mastercard	Purchase rate p.a. 26.99%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a.	Annual fee $0	Go to siteMore Info Compare	0% Foreign Currency Conversion Fees Save with 0% international transaction fees on purchases. Plus, complimentary Flight Delay Pass and global data roaming.
Bankwest Breeze Platinum Mastercard	Purchase rate p.a. 0% for 12 months, then 12.99%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 0% for 12 months with 2% balance transfer fee, then 12.99%	Annual fee $69	Go to siteMore Info Compare	0% Interest Offers Get 0% p.a. interest on purchases and balance transfers for 12 months (with a 2% BT fee). Plus 0% foreign fees and complimentary overseas travel insurance.
Westpac Low Rate Card	Purchase rate p.a. 13.74%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 0% for 28 months, then 21.49%	Annual fee $59	Go to siteMore Info Compare	0% Balance Transfer Offer Save with a 0% p.a. interest rate on balance transfers for 28 months. Plus, a low 13.74% p.a. purchase interest rate.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer Velocity Frequent Flyer	Purchase rate p.a. 20.74%	Bonus points N/A	Points per $ spent 0.66	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 0% for 24 months, then 20.99%	Annual fee $0 first year ($129 after)	Go to siteMore Info Compare	0% Balance Transfer Offer Get 0% p.a. on balance transfers for 24 months (with no BT fee) and a $0 annual fee in the first year.
Qantas Premier Platinum Qantas Frequent Flyer	Purchase rate p.a. 19.99%	Bonus points 80,000	Points per $ spent 1	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 0% for 12 months, then 21.99%	Annual fee $349 first year ($399 after)	Go to siteMore Info Compare	Up to 80,000 Bonus Points Earn up to 80,000 bonus Qantas Points. Plus, save with a reduced first-year annual fee and 0% p.a. for 12 months on balance transfers.
Qantas Premier Everyday Qantas Frequent Flyer	Purchase rate p.a. 19.99%	Bonus points 8,000	Points per $ spent 0.75	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 0% for 12 months, then 21.99%	Annual fee $49	Go to siteMore Info Compare	Balance Transfer & Bonus Points Get 2 bonus Qantas Points per $1 spent on eligible purchases in the first 4 months (up to 8,000 points), plus complimentary insurance.
Qantas American Express Ultimate Card Qantas Frequent Flyer	Purchase rate p.a. 23.99%	Bonus points 60,000	Points per $ spent 1.25	Interest-free period Up to 44 days on purchases	Balance transfer rate p.a.	Annual fee $450	Go to siteMore Info Compare	60,000 bonus Qantas Points Get 60,000 bonus Qantas Points when you spend $3,000 in the first 3 months. Plus, a yearly $450 Travel Credit.
American Express Qantas Business Rewards Card Qantas Business Rewards	Purchase rate p.a. 0%	Bonus points 100,000	Points per $ spent 1.25	Interest-free period Up to 51 days on purchases	Balance transfer rate p.a.	Annual fee $450	Go to siteMore Info Compare	100,000 Bonus Qantas Points Offer ABN holders w/ $75k revenue. Earn 100,000 bonus Qantas Points when you spend $3,000 in the first 2 months.

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Mistakes to avoid when using a credit card for your wedding

• Spending more than you can afford to repay. Credit cards can make it easy to pay for what you want, but putting more on the card than you can afford will put you on the back foot financially.
• Missing the due date for repayments. Even if you've got a 0% promotional interest rate, you need to pay at least the minimum by your statement's due date to avoid penalties. As well as late payment fees, it could affect your credit score and your chance of getting approved for other forms of finance, including a home loan.
• Paying high interest rates. If you use your credit card to finance your wedding and carry a balance, you may end up with a bigger debt due to interest charges. Keep this in mind for your budget and when you're comparing credit card options so that you can choose a card or other payment method that's affordable for your circumstances.
• Withdrawing cash for payments. Even though you can use a credit card to withdraw cash, it comes at the cost of cash advance fees (usually 2–3% of the total amount) and interest charges. Cash advance transactions usually aren't eligible for interest-free periods and don't earn points. So if you need to pay for some wedding expenses in cash, it's better to use money from your bank account or savings.

A credit card can help you pay for your wedding but the potential interest charges and annual fees could add to your budget. If you have savings or time to save up some money, using it will help you keep these potential costs to a minimum.

Images: Shutterstock, Getty