Irish Independent: Your Questions: Should I use my credit card for my holiday cash?


According to Kevin Johnson, CEO of CUDA (Credit Union Development Association) it is not recommended to put the cost of the holiday on your credit card. This is because it will cost more in interest. Also, because there’s no set repayment schedule, it’s too easy for us to slow the repayment or just pay the minimum and end up with quite a bit outstanding 12 months down the line.