A third of Brits live beyond their means on credit cards

9th December 2014

More than a third of Britons believe that owning a credit card has allowed them to live beyond their means, new research suggests.

The survey, by Topcashback.co.uk, found that more than three-quarters of Brits own a credit card.

Around a quarter of Brits are not happy with the amount of interest they are paying back on their credit card and a similar proportion of consumers do not  trust themselves with their credit card balance.

Nearly one in five are looking to use their credit card as a way to spread the cost of spontaneous and luxury purchases, while 28% admit to having maxed out their credit card in the past.

More than a quarter of Britons said they have come to regret a purchase straight afterwards.

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