Xmas shoppers choose debit over credit

The Australian National Retailers Association (ANRA) surveyed 1000 Australians about their Christmas shopping plans and found most will use debit and cash to keep christmas debt to a minimum.

“We have seen the trend of people choosing to pay down debt and save in the past few years and there remains little interest from consumers in adding weight to their credit cards,” ANRA CEO Margy Osmond said.

“Debit cards are increasingly popular, another indicator of people taking a sensible approach to Christmas and buying goods using savings already set aside during the year. Growth in debit card preference was up nine per cent from 2010.”

Source: The Age