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Entertainment expenses can be offset by reward credit cards. Reward credit cards can offer a way for families to mitigate costs associated with school holidays, it has been suggested.

Egg, an internet bank and credit card provider, said that families typically pay £538 each on entertaining children during the Christmas break.

Six in 10 parents polled by the firm said that their school holiday activities include meals out, while 52% go to the cinema and 42% buy DVDs.

The Egg research also showed that 77% of parents believe they “spend more than they can afford” on their children during the festive season.

Vanessa Wood, a spokeswoman for the bank, said: “Christmas is the most expensive time of the year for a lot of families but being smart about how you spend money can really help spread the cost of Christmas.”

Credit cards which can assist festive finances include the American Express Platinum.

This product offers 5% cashback on purchases made by new customers over the first three months of use.

Egg’s own MoneyWorld MasterCard can also provide direct discounts on holiday activities including family days out and cinema tickets.

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