Spending on plastic up 9.2%

| April 15, 2010 | 0 Comments
Spending on plastic up 9.2%

Spending on credit and debit cards increased 9.2% in March compared to March 2009, new figures from Barclaycard show.

This continues a trend highlighted in February, when spending on plastic increased 7.1% on year.

Compared to February, credit and debit card spending increased 18% in March for high street and online purchases.

This is a typical increase as households begin to recover from the financial burden of Christmas and can afford to spend more.

Stuart Neal, head of UK Payment Acceptance, said the figures are “good news for retailers”.

“I’d expect to see more increases in card spending into the middle of the year,” he added.

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