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Credit Cards Protect Big Purchases | Leeds News
Credit cards aren’t just for spending—they’re your financial shield. The “one penny short” trap? Paying $999.99 on a $1,000 bill still racks up interest on the full amount. Avoid that by paying in full every month. But here’s the real kicker: Section 75 of the Consumer Credit Act protects you on purchases over £100 up to £30,000—if something breaks or the seller vanishes, your card issuer covers it—even if you only charged a penny. Newer payment methods like “pay by bank” don’t offer this safety net. For big-ticket items, stick with a credit card—it’s your built-in backup plan. Just don’t let…
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