Kiwi spending on credit cards rises

CLAIRE ROGERS
Last updated 16:53 21/03/2013

Relevant offers

Money

Little things add up to big savings Game on for banking disruptors Face Value: DJ Manchoo Paying for pain at the dentist Bothered by direct salespeople? Charities enter dragons' den for funding No excuse not to cook cheap healthy eats So you want to build a house? Click Monday wants to get shoppers clicking Median house price inches up 1pc: REINZ

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

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content