Over 75% of people 'plan to pay for holidays on credit cards'

Switch today and save £618*

in partnership with Banner_uswitch

Looking to switch your business energy supplier? Click here

* Between 1st June 2016 and 30th Nov 2016, at least 10% of people who switched energy supplier for both gas and electricity with uSwitch saved £618*

Over three-quarters of people are planning to use their credit card to pay off at least part of their holiday, according to new research.

The study by Co-operative Financial Services found that 77 per cent are expecting to make the move, while 53 per cent also do not intend to cut back on overall spending when heading on a break.

In addition, it was revealed that people spend an average of £18 at airports before boarding planes.

Maxine Xodo, product manager for credit cards at The Co-operative Bank, said: "The findings clearly show that despite the current economic climate, after working hard all year many people are reluctant to cut back on their summer holiday spending.

"However as more people are putting holiday spending on their credit cards, it pays to make sure they are getting the best deal for their needs."

Recent research by Sainsbury's Bank found that a large number of people who are registered on credit card loyalty schemes do not redeem rewards through them.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.