Aussies 'use credit cards for non-food shopping'

Friday 14 September 2012

Article by Mozo

A new study has revealed that Aussies are 45 per cent more likely to use their credit cards at retail outlets other than supermarkets.

Carried out by the National Australia Bank (Nab) in collaboration with data analytics firm Quantium, it was specified that larger transactions are being placed on this form of plastic than they are on debit cards.

The average transaction size for spending in retail was found to stand at $86, which equates to an annual electronic spend of $5,090.

Similarly, another recent study conducted by InMobi indicated that making purchases with a media tablet like an Apple iPad is becoming increasingly commonplace.

Michael Shurlin, Nab general manager for cards and personal loans said retail is becoming a more and more important spending avenue for Aussies.

"Australians make decisions every day about the best way to pay for goods and services and Nab encourages customers to consider their spending habits and budget when deciding which cards are right for them," he remarked.

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Aussies 'use credit cards for non-food shopping'

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