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Consumers 'spent less on their credit cards in the second quarter'

Credit card spending fell between April and June this year, it has been reported.

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18 September 2009

Consumers 'spent less on their credit cards in the second quarter'”

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It was the first time in two years credit card spending had fallen to this level, according to the UK Payments Administration.

The number of purchases was down by 0.1% and the amount spent fell by 1.0%.

Spending on debit and credit cards overall was up by 2% from the same time last year.

It totaled £95.5 billion.

The number of purchases made on debit and credit cards over the same period also rose, by 6.9%.

According to the statistics from the UK Payments Administration, the average amount of cash taken out in a withdrawal from an ATM using a debit or credit card was £65 this quarter.

Meanwhile, Australians spent less money on their credit cards in July, with the value of purchases and cash advances of charge and credit cards decreasing by 1.4 per cent compared to the previous month, according to the Brisbane Times.

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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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