BBA STATISTICS – USE OF CREDIT CARDS RISES BY 6%

Figures published by the BBA show that 204 million credit card purchases were made in May 2014, 6% more than May 2013.

BBA chief economist, Richard Woolhouse, said:

“Our figures suggest that British consumers are showing an increasing willingness to take on credit as they become more confident about the recovery.

“What’s interesting is that while the value of card spending is similar to May last year, the number of card purchases are 6% higher.

WANT TO BUILD A FINANCIAL EMPIRE?

Subscribe to the Global Banking & Finance Review Newsletter for FREE
Get Access to Exclusive Reports to Save Time & Money

By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

“Customers seem to be taking more control over how they spend and borrowing more wisely by using interest-free offers to defer payments.”

WANT TO BUILD A FINANCIAL EMPIRE?

Subscribe to the Global Banking & Finance Review Newsletter for FREE

Get Access to Exclusive Reports - Save Time & Money
Submit
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.
Close