A TikTok money expert has revealed how a travel credit card could save you thousands on holiday — but there’s a catch you need to know before you go abroad
Many holidaymakers think they’ve got their trip finances sorted but one money expert says a simple tool could save you thousands and protect you from scams. Mat The Money Man, known as @thequidsquid on TikTok, revealed the £3,000 holiday hack that many people completely overlook.
“If you go on holiday and don’t bring one of these, you could be in serious trouble,” he warns in the viral video. Over 9.4 million tourists have fallen victim to holiday scams over the past five years, making financial protection a must.
Mat explains that travel credit cards are often safer than using a debit card because they offer Section 75 protection under UK law. Any purchase between £100 and £30,000 is covered, meaning you can claim your money back if something goes wrong — a safety net debit cards rarely provide.
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He also points to other perks, such as better exchange rates and cashback on overseas spending. “So if you get scammed, you can claim that money straight back,” he says, highlighting how the average person spends around £1,320 on two long holidays each year.
According to Compare the Market, a typical European holiday costs £1,000 to £2,000 per person, while longer-haul trips can exceed £2,000 per person depending on flights and accommodation. For many, the combination of fraud protection, exchange rate benefits, and potential cashback makes travel credit cards a valuable tool. Mat claims the total holiday savings could reach £3,633.
Experts, however, stress that not all travel credit cards are created equal. MoneyHelper notes that while these cards often provide no foreign transaction fees and built-in insurance, consumers should compare annual fees, interest rates, and exchange rate policies before signing up.
The “catch” is simple but critical: you must have the right card and actually use it during your trip to unlock the savings and protections. Without it, you risk missing out on thousands of pounds and the extra security a travel credit card can provide.
For holidaymakers who want peace of mind and the chance to save big, a travel credit card could make all the difference — but only if you bring it along and use it correctly.
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