Credit cards Updated:
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."
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