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Barclaycard: Christmas shoppers spent until the last minute

Many Christmas shoppers left things until the very last minute when buying presents using their credit and debit cards in 2008, new research suggests.

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14 January 2009

Barclaycard: Christmas shoppers spent until the last minute”

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A study by Barclaycard Payment Acceptance indicates more than 11.5 million transactions were processed for its retailer customers on Christmas Eve last year.

Transactions reached a peak at 12:25 GMT on December 24th 2008 when 387 debit and credit card payments were processed every second for the company's 93,000 retailers in the UK.

Shoppers continued to spend on debit and credit cards between Christmas Day and New Year's day, with the volume of purchases increasing by 8.8 per cent in comparison to the same period in 2007.

Antony Jenkins, chief executive at Barclaycard, comments: "We have also seen a significant increase in post-Christmas shopping versus December 2007 as the sales have continued."

Barclaycard's Goldfish Credit Card offers users points - which can be redeemed at a number of high street retailers - when they spend.

Written by David Jones

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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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