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Barclays predicts record card spending during December
According to the bank, £23 billion will be spent on debit cards during the month, while £17.8 billion of cash will be withdrawn from ATMs and banks.
Supermarkets are set to be the major beneficiary, pocketing a combined £5 billion in their busiest month of the year.
Brian Cunnington, head of debit cards for Barclays, said Christmas is not only the season of goodwill but usually "the season for spending as well".
He added: "With so much shopping and entertaining to be done, debit cards are set to be well used throughout the month.
"We would remind customers to be careful to take care of their card and their PIN, especially when using their PIN in crowded places."
Last week, Amer Sajed, chief executive of Barclaycard UK, claimed that consumers are increasingly seeking contactless credit card options.
Moneyextra.com recommends you take independent financial advice before acting on any article
Back2009-12-14 14:55:27 © Moneyextra.com
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