Compare Credit Cards with CardSmart

Home » Credit Card News » Trends and Analysis » Apacs: Credit card spending sees slight increase

Apacs: Credit card spending sees slight increase

Credit card spending increased very slightly last year, while debit card and electronic payments continued to rise, according to statistics released today.

More from Trends and Analysis
28 April 2009

Apacs: Credit card spending sees slight increase”

Bookmarks

The data by UK industry association Apacs showed that credit card consumer spending went up by 2%.

Debit card spending at retailers increased by 6.8%, now accounting for two-thirds of spending on plastic cards.

Only 3% of spending was done last year on cheques.

Director of communications at Apacs Sandra Quinn said: "The rise to dominance of the debit card both on and off the high street has been meteoric - it was only back in December 2004 that combined total credit and debit card spending overtook total cash spending for the first time."

According to statistics released yesterday by the British Bankers' Association, the number of purchases on credit cards was up by 1.6% from last year.

Written by ©

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).
Compare More Credit Cards...

The content and information on this website are intended as general information only and shall not be construed as financial advice or recommendations of any nature in accordance with the Financial Services and Markets Act 2000 nor is it intended to address specific financial requirements. Read more... We strongly recommend that you seek independent financial advice before using and/or relying on the information made available to you or prior to purchasing any financial product/service listed on the Website. Whilst every attempt has been made to ensure that the content and information published are true, correct and up to date, no warranty, guarantee or representation is given as to its accuracy, reliability or fitness for a specific purpose.

The Best Buy credit card comparison tables feature financial products/services of our advertisers and may not necessarily constitute the best offers in the market for each of such products/services.