Christmas spending figures revealed

Present givers were searching for bargains right up until Christmas Day this year, new figures have revealed.

According to data from Barclaycard Payment Acceptance, transactions on plastic peaked just past midday on Christmas Eve, with 11.5 million transactions posted by its retailer customers on this day alone.

The company stated that 387 card payments were processed per second by 93,000 retailers during the busiest period of day, as shoppers sought to find last minute presents.

Chief executive of Barclaycard Antony Jenkins noted that consumers continued to spend after the festive season was over.

“We have also seen a significant increase in post-Christmas shopping versus December 2007 as the sales have continued,” he said.

However, the company found that the average transaction value was £47.98 in December 2008, a fall from £48.61 during the same month in 2007.

Consumers feeling the pinch from their Christmas credit card debt have been urged by Halifax to switch to a credit card that offers zero per cent interest.

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