Credit card users not afraid to treat themselves

Credit card users spent almost £8 billion on themselves in the last quarter of 2005, according to a survey.

The Morgan Stanley Card Index found that credit card users spent a total of £7.8 billion on themselves.

On average, UK credit card users spent £166, or 43 per cent of their credit card balance, on treats for themselves and only £55 on their partner or spouse over the three-month period.

The survey, which involved a sample of 2,000 people, found that people in their forties and fifties were the most generous, splashing out a total of 70 per cent of their credit card bill on others.

Patrick Muir, marketing director for the Morgan Stanley credit card, said: “Despite reports of a quiet end to 2005 on the high street, our research shows that Britons still found time for the occasional self-indulgent purchase.

“Over the past few years we have observed a growing trend in using credit cards for making everyday purchases, but they also remain a popular way for people to treat themselves before pay day.”

When comparing credit card use between men and women, the survey found that females were more generous, spending more on their children and family than men and twice as much on their friends.

© Adfero Ltd

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