Almost five million Brits regularly turn to their credit cards for paying household bills, according to research from moneysupermarket.com.

The research reveals the extent to which many consumers are reliant on their credit cards for covering the cost of living, which can add to the cost of the payment if the balance is not paid off each month and incurs interest.

Kevin Mountford, head of banking at moneysupermarket.com, is concerned that consumers are using credit to cover every-day costs. “Used responsibly, credit cards can be an integral part of household budgeting but it’s alarming to see so many people using their cards to pay for what should be everyday spending,” he said.

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