Christmas debit and credit card spends top £31.6bn by Finance News Bulletin

Published: 17/12/07

As a number of charge and rate increases hits the credit card market, it is "more important than ever" that populace shop around for a good deal, according to WhichInternet shoppers have been advised to use their credit cards for online purchases by shopsafeco

ukShoppers are expected to use a total of £316 billion on their debit and credit cards during the month of December, novel research has foundAccording to Barclays, those looking to buy gifts and other festive substance will also remove £1

5 billion from cash machines across the countryTotalling £47 billion, total spends for this Christmas have risen from last year by about four per centAnd Barclays forecasts that December 23rd will be the busiest daylight hours for shoppers, with £15 billion being spent via debit and credit cards on this day alone

In addition, the bank recommends that people who plan to withdraw cash from a machine avoid the era between 12:00 and 13:00 GMT, when more than one million transactions will take put across the UKHowever, Barnaby Davis, electronic banking director at Barclays, emphasised that although it may be a busy time, banks are ready for the surge in spending"Action tactics are in place to ensure cash machines remain stocked in spite of the level of activity in a really short room of time, to make sure even those very last miniature purchases can be made," he saidBarclays offers a range of monetary products and services including mortgages, loans and current

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