Published Date:
19 August 2006
NEARLY half of Britons carry credit cards they have not used in the past 12 months, a study reported today.
A quarter of people have one dormant card while ten per cent have three relegated to the back of their wallets, according to Morgan Stanley.
Those with expired interest-free offers were most likely to go unused.
Cards offering reward schemes were most likely to be used for everyday spending.
About 70 per cent of people with a card earning cashback said they used this most frequently to pay for goods.
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Last Updated:
19 August 2006 2:03 PM
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Source:
Edinburgh Evening News
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Location:
Edinburgh
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Related Topics:
Consumer debt
