Credit Cards Online Information

Britons are planning to tighten their belts this Christmas by cutting their credit card spending. Findings from Morgan Stanley show consumers will spend an average of pounds 940 over the next three months " 10 per cent less on their plastic than during the same period last year.

The biggest cut will come in socialising, with people expecting to spend a third less on going out.

Shoppers also plan to reduce their credit card spending on clothes, shoes and health and beauty.

The number one credit card spend in the final three months of the year will be on groceries, with consumers spending an average of pounds 234. But even this is 10 per cent lower than during the previous year.

'Our findings suggest Britons will be spending sensibly,' says Morgan Stanley spokesman Patrick Muir. 'This prudence may mean a leaner Christmas, but it is just as likely to reflect the growing savviness of shoppers who now demand more for their money.'

# posted by Medical Information : 2:26 AM