VIDEOS

Credit and debit card spending up

New figures show that spending on credit and debit cards increased by 7.1 per cent last month.

The information from Barclaycard is based on a comparison with February 2009.

They also reveal that there has been a slight decline in spending compared to January 2010, but Stuart Neal, Head of UK Payment Acceptance, says it’s 'typical' of this time of year and is caused by a return to 'more regular spending patterns' after the January sales.

An alternative to spending on conventional credit cards could be getting a prepaid card. With one of these, you can only spend what you load up onto it, so you needn’t have any worries about building up debts.

Tags: credit card spending increases, debit card spending increases

Click here to cancel reply.

Name (required)

Email Address (required)

Website (optional)

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

CAPTCHA Code