Christmas Spending on Credit Cards

Dec 5, 2011

Q. How much of your Christmas spending do you put on your credit cards?

All or most of it 23%
A bit more than half 7%
About half 9%
A bit less than half 5%
Not much 17%
None of it 37%
Don’t know 3%

39% say they will put at least half their Christmas spending on credit cards – and a further 22% will put some spending on their credit cards.

Those most likely to use credit cards for at least half their spending were aged 25-34 (49%) and those least likely to use credit cards for Christmas spending were aged 18-24 (22%). Those on higher incomes were much more likely to use their credit cards for Christmas spending – 54% of those on incomes over $1,600pw said they would put at least half on credit cards compared to only 18% of those on incomes under $600pw.

41% of those who say they are very concerned about their level of credit card debt and 54% of those who are somewhat concerned say they will put at least half their Christmas spending on credit cards.

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