The average total UK sale per credit card has
increased, reaching the second best result of the past two years in
the second quarter of 2012, up to GBP532.9 in June.
Quarterly UK cards data by analytics
technology provider FICO highlighted that the result is second to
the December 2011 Christmas peak, and higher than December 2010
average.
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FICO research also showed that delinquencies
have fallen in the second quarter of 2012.
FICO vice president and managing director for
Europe, the Middle East and Africa Mike Gordon said these data
suggest that UK consumers need their cards and are protecting
themselves from high fees by managing their payments well.
“We have seen a long-term pattern of declines
in delinquent amounts and delinquent cards. This supports the
notion that many consumers now view credit cards as ‘survival
tools’ in a difficult economy,” he added.
The research considered a sample of 26 million
accounts, about half of all credit cards issued in the UK. Premium
cards, student cards and Irish cards are excluded.
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