Credit Card Christmas Brits Spend Less On Card
Published / Last Updated on 12/03/2008
Credit Card Christmas Brits Spend Less On Card
Credit card spending at Christmas fell for the second consecutive year. British consumers used their credit cards less at Christmas than the previous year, although they made up for it by using their debit cards more.
The UK payments trade association said credit card spending by UK consumers fell to £11.3bn in December 2007 from £11.4bn in the same period a year earlier.
Our view
Given pressure on interest rates, mortgages and the economy, people are naturally more cautious and thinking more carefully about what they can afford.
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