WOULD YOU USE IT? Credit card shoppers could set up trigger limits to stop spending binges

14 November 2016

 

COMPULSIVE spenders could be given the opportunity to sign up to a scheme offering an ‘off switch’ on their credit cards.

Bosses at Barclaycard said big-spenders could be prevented from spending at certain times of the day or night when their splurges peak.

Paul Lockstone, managing director of Barclaycard, told BBC’s Radio 4 You and Yours programme: ‘The challenge is always going to be finding a way to look after the people who need that protection and encourage them to take advantage of it.’

 

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