Holidaymakers get credit card warning

Figures from Moneyfacts.co.uk show that British holidaymakers were charged more than £355 million for spending on plastic last year, which meant more debt management difficulties for many thousands of consumers.

Indeed, the latest data suggests that the amounts British consumers were charged for using their cards abroad last year could have paid for more than 300,000 family holidays.

Lisa Taylor, analyst at Moneyfacts.co.uk, said: “Many travellers are unaware of the level of costs associated with using debit and credit cards whilst abroad.

“While credit and debit cards can be a convenient way to manage your holiday spending, they can also put a dent in your holiday budget if you’re not careful.”

Meanwhile, uSwitch.com warned recently that by paying off only the minimum amounts required on credit card arrears many UK consumers could face decades of debt management problems.