Valentine spenders offered credit card tips

A deal that could help loved-up borrowers with their credit card debt this Valentine’s Day has been highlighted by Halifax.

Figures from the bank revealed that last year, many people splashed out on their cards to treat their partners on the special occasion.

The average borrower in the south spent around £500 on city breaks or holidays, while people living in the north paid out £186 for jewellery, the data found.

“Our research shows that Brits do have big hearts when it comes to Valentine’s Day, but this doesn’t have to mean a broken wallet,” commented spokesperson Alan Brindley.

He noted that a zero per cent introductory credit card offer from the bank could help “last minute lovers” who are yet to splash out on a gift.

Meanwhile, research carried out by PayPal has revealed that couples are arguing more about money in the wake of the credit crunch.

However, it added that the downturn has resulted in some people becoming more open to discussing their finances.

By Jamie Price