News Column

June 2014 - Credit Card Market

August 8, 2014

LONDON, Aug. 8 -- The British Bankers' Association issued the following news release:

BBA chief economist, Richard Woolhouse, said:

"These figures suggest that British consumers have greater appetite to take on credit as the recovery takes hold. The number of payments on credit cards in June was 15% higher than in the same month last year.

"Customers are also harnessing more interest-free offers which show they are using these cards to take more control over how they spend and borrow.

"More than 40 per cent of all borrowing on cards incurs no interest at all. Customers clearly value the flexibility a credit card in your wallet or purse can give."

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Source: Targeted News Service

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