Planning a wedding can be incredibly costly, time-consuming and complicated. I’ve already told my boyfriend that if we get married, it will be super small, maybe barefoot on a beach; no bridesmaids, no expensive dress, no third cousins, no shenanigans. I’d rather save the money for a great honeymoon or a house. But if you’re the type who has been planning your dream wedding since age 6, believe it or “knot” (ha), there is a credit card for you.
The Knot is the Web site for all things wedding: it helps you find wedding dresses, wedding cakes, wedding favors, wedding photographers; it provides a wedding checklist and budgeter, helps you register, gives you honeymoon ideas, allows you to build your own wedding Web page and on and on and on. It makes me want to throw up just a little bit.
Because every major brand has to have its own credit card these days, the Knot has teamed up with American Express and created The Knot Credit Card. It’s a white card advertised as a way to manage your wedding money. The tagline? “Carry white for your wedding.” Gag me. Perks? No annual fee, low APR, pay over time or in full, convenience checks (bad bad bad) and even fee-free cards for your parents or fiance! It has a reward program in which you can redeem points for your honeymoon, shopping or anything else in the reward catalog. You get a free wedding planning kit from The Knot, can save money on your wedding with special offers, receive honeymoon travel offers from AmEx and VIP invites to special sales! Oh me, oh my!
The only thing is, what do you do with this card once you’re married? Sure, the easy answer is the cancel it, but canceling a credit card lowers your credit score, mainly because it reduces your credit to debt ratio. Most people are engaged for a year or two. It’s not going to look so hot to have a credit card for that short a period of time.
If you’re a bridezilla, this may me the credit card for you. I can safely say it is not the one for me.