Credit card use fell sharply in 2010, report shows
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Credit card use fell sharply last year

Monday, June 27, 2011 10:49 AM

UK consumers’ credit card use dipped sharply in 2010 as they thought “harder” about whether they wanted to get into debt, according to a new report.

The latest British Retail Consortium (BRC) payments survey revealed the proportion of transactions using credit cards fell by 12.9 per cent over the course of last year compared with 2009.

Meanwhile, the proportion involving debit cards rose by 15.8 per cent and the average amount spent in cash transactions increased by 13 per cent to £12.93.

The survey analysed results from nearly eight billion transactions in-store and online, accounting for 60 per cent of total retail sales i…………… continues on
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