Almost a third of Britons use their credit card for everyday spending, a new survey has found.
The study, carried out by Fool.co.uk, found that 32 per cent of respondents said they used their credit card for such purposes, compared to just 29 per cent who said they used cash .
However, David Kuo, head of personal finance at the firm, warned that people who rely on their credit cards should keep an eye on their finances in case they become an unwitting victim of the credit crunch .
"It is more important than ever to build a decent savings pot because one day when you need to pull a rabbit out of the hat, you could find that all you have is a dead duck in your pocket," he said.
Last week, Chris Tapp of Credit Action said that anyone looking for a new credit card should shop around to make sure that they get the best possible deal they can.
News Side
Britons prefer credit cards to cash, survey finds
Mon, 31 Mar 2008
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