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Consumers protect themselves with plastic

Consumers protect themselves with plastic

Category: Credit cards

Updated: 04/03/2009
First Published: 03/03/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Savvy consumers are protecting themselves against the possibility of insolvent retailers with credit cards, a poll has shown.

With the possibility of fragile businesses going under greater than ever before, almost half the population (46%) are using credit cards to protect their purchases, as providers will refund on items over £100.

The research, conducted by Saga, found that the over fifties are particularly aware of their rights, with almost three in five (58%) using credit cards. Consumers are also likely to use plastic to get cash back, claim rewards and manage their finances.

"The credit crunch has affected people in a number of ways and as a result they have become more wary," Andrew Goodsell, chief executive, said. "They are choosing brands they trust and using credit cards as they provide added protection in uncertain times."

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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