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Brits risking credit card charges to buy Christmas turkeys

Around four million Brits will risk getting hit by credit card charges this Christmas by putting their Yuletide turkeys on plastic, according to a new report.

Comparison website uSwitch.com found that 38 per cent of Brits will pay for their turkey with a credit card, while 59 per cent are using plastic to buy Christmas presents.

As pay drops and prices rise, credit cards are becoming more and more necessary for Brits to be able to enjoy Christmas, with the average consumer putting £448 on their credit card over the festive period.

It is particularly concerning for one in ten (13 per cent) people who say they would rather get further into debt than inform their friends and family they couldn't afford to buy presents this year.

"In true British spirit, Brits are determined not to let money worries cast a shadow over the festive cheer this Christmas. Many are turning to their flexible friends to help see them through to the new year," said Michael Ossei, personal finance expert at uSwitch.com.

John Fieldman
Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801508555-ADNFCR



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