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Kiwi spending on credit cards rises

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

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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.

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- BusinessDay.co.nz

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