'Little change in Xmas credit card spend' by Finance News Bulletin

Published: 01/01/08

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

ukThere was little alter in the amount consumers spent on credit cards last Christmas in contrast with the year before, according to new investigateA study from UK payments association Apacs found that consumers second-hand their credit cards for about £114 billion worth of dealings over the Christmas period

This is in comparison with the £115 billion of the previous year, with debit card payments rising considerablySandra Quinn, director of infrastructure at Apacs, commented: "We spent record amounts this Christmas and record amounts on our cards"The tendency that we have seen over new years of cards replacing cash and cheques on the high road continued this Christmas

"Overall spending on artificial stood at a figure of £31 billion, which constitutes an 88 per cent go up since December 2005Research from Morgan Stanley last month revealed that although Britons were expenditure more on their plastic, they were also paying more of their

Visit original article: