M&S: Brits spend small on credit cards

23 November 2005
Brits are now using their credit cards to buy small items instead of saving them for major purchases, signalling a shift in ever-changing credit card habits in the UK, says M&S Money.

One in three Britons now use their credit cards to pay for small, everyday items, according to the survey.

"Consumers are clearly more card-savvy today and are comfortable using plastic for small as well as large purchases," said David MacKay, M&S Money commercial director.

Over half of consumers use cards because they find them more convenient than cash, while 41 per cent see them as a 'safer' alternative to debits cards and cash.

A further quarter of respondents said they liked to use their credit cards to build up loyalty points and other rewards.

A survey by the British Bankers' Association revealed this week that credit card borrowing increased in October after experiencing a slowdown.

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