Put Christmas on credit cards with care - Credit cards - News - Moneyfacts


Put Christmas on credit cards with care

Put Christmas on credit cards with care

Category: Credit cards

Updated: 25/06/2009
First Published: 21/11/2008

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 It is now over 6 months old so the content may be out of date.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 considering paying for Christmas purchases on credit cards have been advised to ensure they can afford to do so.

Director of Creditexpert.co.uk Darryl Bowman explained that many have a tendency not to worry about spending during the holiday season, instead choosing to "pay now, worry later".

He said that these borrowers should attempt to find a product that costs them as little as possible - something a credit card comparison may achieve.

"If you do want to get into debt to fund yourself through the Christmas period, that's ok, just do it sensibly. Understand what your credit situation is," advised Mr Bowman.

Recent research by the website found that 18 per cent of people plan to put Christmas purchases on a credit card.

And while 40 per cent are planning to spend less on presents, Mr Bowman also noted that his advice would apply equally even if there was no credit.

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 Any products featured may be withdrawn by their provider or changed at any time.

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