3 Responsible Ways to Use Credit to Fund an Expensive Hobby

Estimated read time: 2 minutes

Our hobbies can drive us to do some wild things. One wild thing we should not do, however, is to go deep into debt to support our hobby of choice. Our guide will help you to make a responsible decision financing your expensive hobby and give you some tips on keeping your budget in line.

No matter what your hobby is, financing it deliberately with credit cards could be a smart approach. There are a few factors to consider when deciding how to fund your passions. Let us show you how.

  1. Low Interest Cards

    Expensive hobbies dictate that you will need a lot of cash to get them up and running. The good thing about cash is its ability to earn us more money, therefore we should not use large sums of cash towards our expensive hobby. Keep your cash working for you in high return investments and fund your awesome hobby with inexpensive credit cards.

    Accomplishing this inexpensive financing involves finding very low interest rate cards, or cards with a very low introductory rate. If you are funding your hobby with 2% or even as low as 0% interest, that will keep your cash in those aforementioned investment vehicles. With good credit, you can bring your dreams alive with minimal impact to your wallet.

    Wells Fargo Platinum Visa
    Lengthy intro period with 0% APR
    Show more
    Intro Period Months
    Balance Transfer Fee
    Recommended Credit:
    Excellent and Good Credit
    • Up to $600 of protection for your cell phone which covers damage and theft when you pay your cell phone bill with this card. 
    • Gain free access to your FICO credit score.
  2. A Card Dedicated To Your Hobby

    The second tip for our adventure into the world of expensive hobbies is to find a credit card that supports your specific hobby. A lot of cards will offer points or cash back toward a specific airline, hotel, retailer, or store. While these cards aren't as low interest as the first ones we looked at, these points could add up to a huge discount or even free items that are directly related to your passion.

    These rewards programs will often give you incentives for either shopping with a specific retailer or buying and using certain items. Either way, with a little research you can find a credit card that makes financing your hobby easy and rewarding.

  3. Use Points Or Cash Back

    While a credit card dedicated to your hobby can be rewarding, using a reward or cashback card without any specific ties can be fruitful as well. These cards can give you cold hard cash back for spending on your interests, or even reward points that can be used for anything you like. The benefit of these cards is you are not tied down on how you want to use your rewards.

    One way to look at these cards is once you receive your cash back on your large purchases, you can use that money to make payments towards the card itself. If you prefer, you can gain points towards travel or dining that may help if your hobby takes you across the globe. Either way, use the rewards that are offered to help financially sustain your love.

Serious Savings

Even though hobbies are meant to be fun diversions from our hectic lives, they can get pretty expensive. With our tips, you should be able to get the most out of your hobby and stretch your dollars even further. Credit cards are a great tool that can make any adventure or pastime fun and rewarding.