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Credit card spending increases by 1% - Credit Connect

Summary by Credit-connect.co.uk

Latest data from UK Finance has shown that there were 381.4 million credit card transactions in November, 1 per cent more than in November 2023. The total spend of £20.8 billion was 0.2 per cent higher than November 2023. Outstanding balances on credit card accounts have grown by 5.2 per cent over the twelve months to November and 48.7 per cent of outstanding balances incurred interest compared to 49.5 per cent in November 2023. There were 2.18 …

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