A TikTok money expert has shared a holiday saving trick that could save holidaymakers up to £3,000, but warns there is a catch. Mat The Money Man, known as @thequidsquid on TikTok, claims that using a travel credit card instead of a debit card can unlock significant savings and protection.
According to Mat, travel credit cards offer Section 75 protection under UK law for purchases between £100 and £30,000. This means if something goes wrong, such as a scam, holidaymakers can claim their money back — a safety net rarely provided by debit cards. Over 9.4 million tourists have fallen victim to holiday scams in the past five years, making financial protection crucial.
In addition to fraud protection, travel credit cards often provide better exchange rates and cashback on overseas spending. Mat estimates that the average person spends around £1,320 on two long holidays each year, and with the combination of benefits, total savings could reach £3,633.
However, experts caution that not all travel credit cards are equal. MoneyHelper advises consumers to compare annual fees, interest rates, and exchange rate policies before signing up. The catch is that holidaymakers must have the right card and actually use it during their trip to unlock the savings and protections.
For those seeking peace of mind and potential savings, a travel credit card could make a significant difference — but only if brought along and used correctly.
