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Paying Your Bar Tab With a Credit Card Could Save You Money

Sept. 11, 2014
Personal Finance
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If hitting the local watering hole is on the agenda this weekend, you’re probably thinking more about what you’ll wear than how you’ll pay for your drinks. But this is definitely something to consider, and there’s one payment method that should be used above all others.

Here are 5 reasons you should always pay your bar tab with your credit card:

1. With the right card, you’ll rack up extra rewards

The Nerds think you should use a credit card for every purchase you possibly can – after all, that’s how to earn big points, miles or cash back. But if you’re using a credit card that gives extra rewards on restaurant purchases, using it at a bar is an especially smart idea.

Here’s why: Most credit card issuers code most bars as restaurants, which means that you could be earning serious rewards when you use your card at your favorite cocktail joint. Don’t pass up this opportunity!