Kiwi spending on credit cards rises

Last updated 16:53 21/03/2013

Relevant offers


Some broadband users can be in for a nasty surprise when they move house Southern Cross pays out more than $3m in pet insurance claims Improved housing affordability won't last, researcher says House price rise prompts interest in coastal property Semble 'tap and go' payment app off to a slow start Westpac offers rewards for debit card use When it comes to wills, there may not always be a way, court rulings show Aucklanders look to regions for work Auckland house prices at 'crossroads' after hitting record high in September, says agency Economist who branded NZ economy rockstar says 'don't panic'

Kiwis gave the plastic more of a workout last month, with total spending on credit cards in New Zealand up 4.7 per cent year-on-year.

Total credit card billings rose a seasonally adjusted 3.3 per cent on January.

Domestic spending on New Zealand-issued credit cards last month lifted 3.4 per cent in January, more than undoing the 2.4 per cent slip in local credit card spending by Kiwis that month.

The Reserve Bank figures support other data pointing to a strong start to the 2013 retail year.

The total amount charged in New Zealand last month on locally issued cards was $2.32 billion.

Total billings in New Zealand, including on overseas-issued cards, reached $2.7b.

Ad Feedback


Special offers

Featured Promotions

Sponsored Content