Credit cards 'used to pay bills'
11th June 2010
Research has revealed that one in seven credit card holders in the UK are regularly relying on plastic to pay for their household bills such as gas and electricity.
Meanwhile, the moneysupermarket.com study suggested a further 7% fall back on their trusty credit cards to obtain cash.
Around half of Britons are using plastic to purchase major items such as TVs and DVD players, while 43% use handy and easy-to-carry credit cards to pay for everyday transactions like grocery shopping and 38% to pay for petrol.
It seems likely that an increasing number of consumers are using credit cards to pay for everyday items in order to obtain rewards, taking into account a recent increase in the number of rewards credit cards on the market.
Copyright © Press Association 2010
