Britons shop on Christmas Eve, figures reveal - Credit cards - News - Moneyfacts

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Britons shop on Christmas Eve, figures reveal

Britons shop on Christmas Eve, figures reveal

Category: Credit cards

Updated: 15/01/2009
First Published: 12/01/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Credit card customers shopped until the last minute this Christmas, figures from Barclaycard have shown.

With Britons continuing to spend their money until Christmas Eve, there were 387 card payments being made every second at the peak time of 12:25 GMT.

However, the payments service found that the average spend was down in December when compared to a year ago.

In 2007 each transaction was worth £48.61, but this dipped to £47.98 last month.

The total number of sales did rise by 4.7 per cent and chief executive of Barclaycard Antony Jenkins suggested that this indicated an increase in bargain hunting.

"Shoppers continued buying their Christmas presents right up to Christmas Day, with over eleven-and-a-half million transactions on Christmas Eve alone," he added.

Halifax recently suggested carrying out a credit card comparison in order to find the best deals, as although many people hunt around when shopping, they fail to do so when choosing financial products.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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