Credit Card Blog

Sainsburys Bank has recently released some stats about credit card usage – and has found that there are around 7.55 million credit card users who are using their cards every day, and using them for everyday purchases, both small and large. These 7.55 million are putting around £3.65 billion on credit cards every month. This actually works out to an average of around £483 per month that these type of users are putting on plastic.

Interestingly, your typical student who falls into the 18 – 24 year age group, makes up only 7% of this “everyday credit card user” section, with the older generation being much more likely to fall into this type of user pattern.

If you’re one of the few young people that do use your credit card daily, Sainsbury research further goes to suggest that a large percentage of these people are not getting the rewards they could from their card usage. If you’ve had a look for the best student credit card deals then you might have found that there are a number of credit cards where you can either get cashback or some type of rewards on your purchases. With Sainsburys credit card you can get nectar points, with the Virgin credit card you can also build up a points system. The more you use your card, effectively the more points / rewards you can build up.

The Sainsburys credit card, and more details on it, can be found by going to the Sainsburys Bank website

This entry was posted on Wednesday, December 17th, 2008 at 9:26 am and is filed under Uncategorized.
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