In a financial landscape where wedding costs continue to escalate, the strategic use of credit can be a double-edged sword. In 2025, the average wedding expenditure has surged to $36,000, a notable increase from previous years. With 46% of newlyweds primarily utilizing savings, 24% resort to credit cards, bearing a significant financial burden. LendingTree’s survey of 1,050 newlyweds reveals that 67% incurred wedding debt, with new credit card APRs reaching 24.35%.
For those with sufficient savings, leveraging credit for rewards can be beneficial, provided the balance is immediately settled to avoid high-interest debt. Credit cards offer protections such as dispute assistance and purchase insurance, making them advantageous if managed prudently. However, 24% of couples remain in debt two years post-wedding, with 47% projecting repayment within six months to a year. The financial strain underscores the importance of avoiding long-term debt for a short-term event.
To mitigate interest costs, consider a 0% APR credit card, but ensure repayment before the promotional period lapses. When engaging vendors, evaluate the impact of processing fees, which range from 1.5% to 3.5%, on your budget. Some vendors may incentivize cash payments, offering discounts that could offset fees.
Wedding insurance may provide broader coverage than credit card protections, safeguarding against unforeseen risks such as venue cancellations or severe weather. Policy costs vary significantly, from under $100 to over $1,000, depending on coverage specifics.
In summary, while credit can facilitate wedding financing, disciplined financial management and strategic planning are paramount to prevent long-lasting debt and maintain financial stability in a new marriage.
