'One in ten uses credit card daily'
Updated on 12 November 2007
A tenth of credit card holders use their plastic to buy something every day, a survey has shown.
Around 34 million Britons now have a credit card and more than three million of these people say they use it on a daily basis, according to high street bank Abbey.
At the same time, 54% of people use their credit card at least once a week, but 35% of cardholders claim they use their plastic just once a month, with younger people most likely to fall into this category.
The most popular reason for using a credit card is to shop online, with 61% of cardholders saying they regularly use their plastic to make purchases over the internet.
People also regularly use their cards to buy things on the high street at 55%, while 50% use them for big ticket items.
But 46% said they use a credit card to pay for their weekly supermarket shop, although many of these people do so to take advantage of cashback deals offered on the cards.
Nearly three-quarters said they regularly pay off the balance on their credit card in full, with 57% saying they pay it off every month, although 3% of those questioned admitted they rarely manage to clear their debt.
Roger Lovering, managing director of Abbey Credit Cards, said: "There is no one way that people use their credit card and we see as many different spending patterns as there are people."
ICM questioned 1,000 people between August 31 and September 2.
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