Barclaycard: Credit cards being used more

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Barclaycard: Credit cards being used more

The use of credit and debit cards is continuing to increase but at a slower pace than previously expected, a spokesperson from Barclaycard has claimed.

Head of UK payment acceptance at the firm Stuart Neal made his remarks following the publication of the Barclaycard retail spending index, which showed a 0.8 per cent increase in April compared to March.

He said: "We've seen a much lower increase in retail card spending in April, although it's still positive news for retailers following the 18% increase we saw between February and March."

Mr Neal predicted spending on credit and debit cards could continue to be "broadly flat" in May, highlighting disappointing figures from the May Day bank holiday weekend as evidence of this.

According to Barclaycard, the level of transactions saw a year-on-year fall of 1.4 per cent.

The firm recently revealed it would be "sympathetic" to all requests for credit limit increases from people stranded as a result of the volcanic ash cloud.

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