Xmas spending on credit cards booms by Finance News Bulletin

Published: 18/12/07

praise CARDS LOW RATE praise CARDSSTUDENT praise CARDS0% APR praise CARDSCREDIT CARDS ONLINEBALANCE TRANSFERSNew research has revealed that customers spent evidence amounts of money on their debit and credit cards over the Christmas periodThe figures from UK expenditure association Apacs indicated that £31 billion in sum was spent on UK debit and credit cards, with 669 million dealings taking place throughout DecemberCredit card and other artificial spending made up 63 per cent of all sales transactions, with the remainder consisting of cash and cheque sales"We exhausted record amounts this Christmas and evidence amounts on our cards," commented Sandra Quinn, director of communications at Apacs

"The tendency that we have seen over new years of cards replacing cash and cheques on the high street continued this Christmas"She additional that the figures show consumers are becoming more financially aware by concentrating on praise card repayments rather than support on more debt A recent survey by Unbiasedco

uk suggested that personnel earning an average salary use the equivalent of 31 days working to pay off the interest accrued on their average credit card and personal loan debt Debtors benefit from switching to near to the ground rate credit card deals, specialist suggests - Tue, 09 Jan 2007Credit Cards | Business Credit Cards | Balance Transfers | near to the ground Rate

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