Barclaycard: Credit card use up over Christmas
www.moneynews.co.uk > Credit cards > Barclaycard: Credit card use up over Christmas
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Barclaycard: Credit card use up over Christmas
Mon 4th Jan 2010
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Between December 19th and 31st, payments were up by 2.4 per cent on the year before, working out to a total of £4,085 million, compared to £3,989 million spent in 2008.
On December 23rd alone, £497 million was spent by consumers out for last-minute Christmas gifts.
As bargain hunters headed out into the sales, £376 million was spent using plastic on December 29th.
Marc Pettican, head of sales at Barclaycard Global Payment Acceptance, said: "We've also seen a stronger post-Christmas performance as shoppers take advantage of the sales discounts and consider the effects of the imminent VAT increase".
In the run up to the festive period, supermarket spending increased the most as shoppers got their Christmas food in, rising by 15.2 per cent, with service station transactions up by 24.9 per cent.
Click here for more credit card news
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Related News : Barclaycard |
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