Consumers told to be 'money savvy' - Credit cards - News - Moneyfacts


Consumers told to be 'money savvy'

Consumers told to be 'money savvy'

Category: Credit cards

Updated: 11/12/2008
First Published: 10/12/2008

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 It is now over 6 months old so the content may be out of date.

Consumers have been advised to be wise with their money and credit cards in the run-up to Christmas by a finance expert.

According to Michelle Slade, press and PR officer for, there are savings customers can make as they prepare for the typically expensive festive season.

Ms Slade noted that many consumers are making cutbacks to their lifestyle as the economy continues to slow.

Some people are avoiding buying expensive brands in a bid to save money, while others are finding an alternative way to get to work, such as walking instead of driving, she said.

"It is just a case of making sure that you are quite savvy with your money," Ms Slade advised.

One way to save money when buying Christmas food is to use a reward credit card, Abbey stated recently.

The bank suggested that supermarket customers buy their festive goods using its new reward credit card as they will receive cashback for their purchases.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

It’s looking to be a credit Christmas

We are now less than 70 days away from Christmas, and with 70% of people admitting they haven’t started saving yet, millions will be needing to play catch-up - and plenty planning to turn to credit for some Christmas spending relief.

Can no credit score be as damaging as a bad one?

Debt is becoming an increasing problem, which is why those who have no credit commitments often feel pretty smug about it. However, while not relying on credit is admirable, having no credit score can actually be just as damaging as having a bad one.

Know your credit score – key to better borrowing

We all know how important it is to be credit savvy. It’s the only way to make credit work, which is why it’s so concerning that so few people know their credit score – and some don’t even know how much they’re borrowing.