DIY buffs spend billions on cards

Published:
24 September 2008
Topic:
News,Money,Credit Cards

More than £11 billion was spent on debit and credit cards in DIY shops over the past year, according to latest figures.

Figures from the Association for Payment Clearing Services (APACS) show that more than four million card transactions take place in DIY stores every week.

Between August 2007 and July 2008 £11.87 billion was spent on credit and debit cards in nearly 229 million transactions. This shows an average weekly spend of £51.87.

May saw the highest monthly spend in DIY stores with £1.15 billion spent on cards.

Debit cards had an expenditure of £6.57 billion in 152.4 million transactions, while consumers spent £5.3 billion using credit cards in 76.5 million transactions.

Sandra Quinn, director of communications at APACS, said: "Plastic cards are one of the most popular forms of payment in the UK and the last decade has seen a rapid rise in their popularity, with consumers enjoying the ease and convenience debit and credit cards bring.

"It appears that DIY enthusiasts are no exception and use their plastic for those essential purchases in specialist stores - particularly in the month of May this year making the most of the good weather to carry out those home improvements."

Copyright © PA Business 2008

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