The UK's £9bn credit card holiday hangover
UK residents spent some £9 billion on credit cards while overseas this summer, new figures reveal.
But without prompt action this spending can rapidly turn into an expensive problem.
Data from comparison site Moneysupermarket.com shows that before the end of the year, this holiday spending will have earned £550 million in interest.
Most UK residents (57 per cent) used a credit card to fund at least part of their time overseas this summer, running up an average bill of £799. However, one Briton in 11 spent more than £1,000 and another one in 20 spent in excess of £2,000.
But without prompt action this spending can rapidly turn into an expensive problem.
Data from comparison site Moneysupermarket.com shows that before the end of the year, this holiday spending will have earned £550 million in interest.
Most UK residents (57 per cent) used a credit card to fund at least part of their time overseas this summer, running up an average bill of £799. However, one Briton in 11 spent more than £1,000 and another one in 20 spent in excess of £2,000.
Read More At: Credit Card Holiday Hangover
posted by e-borneo.com @ 5:41 PM
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