Section 75

[Brahumbug]

The section 75 protection for credit purchases between £100 and £30,000 was set in 1974. If that had kept pace with inflation it would be £270,000 now! I think it should be raised to reflect the change in the cost of living, say to £100,000? What do the good folk of Mumsnet think?

I don’t think it needs changing, 30k is still an awful lot of money.

But it's for individual purchases, not cumulative over a year or even a month. What on earth are you buying that's so much at a single time? Who is out there buying a flat on a credit card?

Most credit cards don't have super high credit limits in the first place.

Section 75 was meant to give a high level of protection when it was introduced though. £30000 in 1974 was a lot of money! Now that is a family car or an expensive kitchen.