£12.7 billion to be spent during the last week before Christmas

People on average intend to spend £268.70 each during the last week before Christmas Day, or in total £12.7 billion, according to Sainsbury's Bank  However, 5.15 million people are planning to spend over £500.  The findings, from Sainsbury’s Bank Credit Cards, reveals 34.74% of this total expenditure will be placed on credit cards.

Simon Ranson, Head of Banking, Sainsbury's Bank said: “December is the busiest time of year for credit cards.  If you plan to use them, make sure you've considered how long it will take you to pay off the balance. Also, make sure you're taking advantage of a card that gives you a reward on your spending, there are several available just now, including our own Nectar credit cards.”
 
Sainsbury’s Bank offers two credit cards, both of which provide some of the most attractive features in the marketplace. For example, the Sainsbury’s Nectar Credit Card and Sainsbury’s Nectar Low Rate Credit Card provide double Nectar points on Sainsbury’s shopping -  both in-store and online (when used in conjunction with their Nectar Card). Spending £49 a week in-store at Sainsbury’s over a year would earn Nectar points equivalent to the value of a week's free shopping. Customers are also rewarded every time they use the card elsewhere – at home or abroad – as for every £5 spent, one Nectar point is received.
 
For information on Sainsbury's Bank credit cards log onto sainsburysbank.co.uk.