Christmas spending on credit cards

Dec 3, 2012

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

 

5 Dec 11

3 Dec 12

All or most of it

23%

26%

A bit more than half

7%

8%

About half

9%

7%

A bit less than half

5%

5%

Not much

17%

10%

None of it

37%

36%

Won’t be buying Christmas gifts

na

4%

Don’t know

3%

4%

41% say they will put at least half their Christmas spending on credit cards – and a further 15% will put some spending on their credit cards.

Those most likely to use credit cards for at least half their spending were aged 35-44 (54%) and those least likely were aged 18-24 (18%). Those on higher incomes were much more likely to use their credit cards for Christmas spending – 55% of those on incomes over $1,600pw said they would put at least half on credit cards compared to only 20% of those on incomes under $600pw.