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Credit card customers have increased leisure spending, says Virgin Money

Credit card customers are spending more money on going out, according to a study by Virgin Money Credit Card.

More from Spending Money
18 June 2009

Credit card customers have increased leisure spending, says Virgin Money

Credit card customers are spending more money on going out, according to a study by Virgin Money Credit Card.

The credit card provider found that credit card customers increased spending in bars, cinemas, restaurants and theatres by 25% in the first three months of 2009 compared to the same period last year.

According to Virgin Money, the biggest increase was in March when spending jumped by more than 55% compared to the same month in 2008.

The spending boost could be down to the effect of a late Easter this year, the credit card provider suggested.

Grant Bather, spokesman at Virgin Money, said: "The spending is responsible as there are no signs of people getting into debt and customers should be careful to spend what they can afford and to have a plan for repaying any debt."

Virgin credit card offers 16 months 0.0% per annum on balance transfers to new customers, plus a handling fee of 2.98%. The typical rate is 16.6% APR variable.

Credit card holders can benefit from 10% off Virgin Holidays when they pay with the card.

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Best Buy Credit Cards

Credit Cards 0% Balance Transfers 0% Purchases APR Representative (Variable)
Tesco ClubCard Credit Card Logo Tesco Bank Logo Tesco ClubCard Credit Card Apply
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 Logo Virgin Money Logo Virgin Credit Card Apply
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 Logo Barclaycard Logo Barclaycard Platinum with BT Apply
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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