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14% of consumers 'put large purchases on store or credit card, survey reveals

When making large purchases, a total of 14% of people put it on their credit card or store card and worry about it later, according to a new survey released by Norwich and Peterborough Building Society (N&P).

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25 August 2009

14% of consumers 'put large purchases on store or credit card, survey reveals”

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The credit card provider's research also showed if people have to find money in a hurry, 4% would increase the limit on their credit card.

Over half would dip into their savings, 6% would buy a lottery ticket, and 20% would talk to their bank or building society about an overdraft or loan.

Following the release of the survey, the credit card provider is releasing a series of guides to finance for various stages of life, including when having children and when planning for work and retirement.

N&P is also currently offering a credit card with a rate of 15.9% APR typical variable.

Credit card holders also benefit from 0% on card purchases for three months from the day on which an account is opened.

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Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9^%
16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
	Virgin Credit Card
	20 months	3 months	16.8^%
16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
	Barclaycard Platinum with BT
	22 months	3 months	17.5^%
17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
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