British tourists using the credit
cards overseas will face hefty charges totaling £327 million, new research
shows.
A quarter of consumers are
planning to flash the plastic during their time away, according to the study
for uSwitch - but a similar number who are planning to use their debit cards
could be hit with extra fees as well.
It seems that for many Brits
financial sense stays at home when they jet off. Rather than checking which
card is best in terms of interest rates or protection, one in four say that
they will use whichever is handy at the time.
In addition, more than half of
this summer’s holidaymakers say they will put the cost of their trip on credit
cards, even though one in eight admitted they were still paying off their debts
from last year’s break.
On average, Brits abroad will be
adding £992 to their credit card balances despite average transaction fees of
2.75 per cent - and most are not making the most of extra features such as
cashback or rewards.
For extra peace of mind on your
next holiday, Discount Insurance offers competitive rates on travel insurance.
Categories: Travel Insurance
