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Brits risking credit card charges to pay for essentials in January

Many British consumers are putting themselves at risk of being hit by credit card charges by using their plastic to buy everyday essentials in January, new research has shown.

The Post Office Consumer Credit Report found that a third (35 per cent) of people use credit cards to pay for good such as groceries, household purchases and bills.

With the impact of Christmas expenditure hitting home at the start of 2013, a worrying 42 per cent of people will be paying for food using their plastic and 30 per cent are hitting the January sales with their credit card in hand.

Another 25 per cent are looking ahead to the summer and booking a holiday and 16 per cent are purchasing major household items, such as kitchens and sofas.

"It is surprising to see so many people forced to rely on their plastic for daily essentials this month," said John Willcock, head of credit cards at Post Office.

"The New Year is the ideal time to think about financial planning and organising a household budget."

Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.ADNFCR-2776-ID-801523792-ADNFCR



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