Some credit card users show reluctance to cut spending
Category: Insights | 30th Jun 2009
One in three of the nation's credit card users are not planning to cut back spending on their cards at all, according to research.
In news that could excite creative marketers about the potential for their advertising efforts, a Tescocompare.com study has shown that 11 per cent of consumers rely on their cards for finance.
"Those who aren't currently in a position to make cutbacks, could still save themselves some cash by shopping around for a better deal," commented Debra Williams, spokesperson for Tescocompare.com.
She noted that the company's research indicated that just half of all credit card users have ever switched provider.
Anyone using a credit card should look at their current deal to see if there are any other better deals around, Ms Williams added.
The PayPal UK Online Retail Report recently asserted that online retail will rescue the retail industry from the recession by 2012.
It said that online shopping in the UK is set to grow from £8.9 billion to around £21.3 billion in annual sales by the end of 2011.
At HS&P, a third of the agency is made up of planners: integrated, data, digital and loyalty planners for clear, integrated thinking.
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