Credit cards get Christmas workout

Last updated 16:22 24/01/2014

Relevant offers

Industries

Resort plans for two Auckland islands Prime News redundancies confirmed Picton firm N-Viro supplies parts for floating superstructure Wynyard Group confirms it undershot revenue target Chinese tourists flock to NZ Migration boom tops 50,000 for first time NZ dollar falls to four-year low against US dollar NZOG expects low oil prices to continue Pyne Gould admits profit gap Lincoln plant to hurry foods to market

Christmas shoppers gave their credit cards a workout with spending on the plastic up nearly 5 per cent in December compared to the same month in 2012, according to Reserve Bank figures.

Total credit card spending for December was $3.5 billion, up a seasonally adjusted 4.7 per cent, but was down 1.2 per cent compared to November despite $521 million more being spent in December.

The data showed domestic spending on New Zealand-issued cards totalled $3.1b, down a seasonally adjusted 1.3 per cent compared to November.

Overseas spending on domestically issued credit cards was up 0.6 per cent to $316m compared to November.

Domestic spending on internationally issued credit cards amounted to $223m.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content