Continually reaching for your credit card isn’t always the best option, particularly if you’re going to struggle to pay it off at the end of the month, but there are times when paying with plastic could offer greater protection.
If you buy certain services or goods with your credit card that turn out to be faulty, not as described – or even non-existent, The Consumer Credit Act 1974 may hold your credit card company equally as responsible as the retailer.
So, for example, if you’re buying a flight worth over £100 direct from an airline, it can be a good idea to use your credit card. This means that, even if the company suspends its operations due to financial difficulties, you should be able to claim back what you have paid.
The only downside is that you may find companies charge you a little more to pay by credit card.