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.
The full article contains 120 words and appears in Edinburgh Evening News newspaper.
-
Last Updated:
19 August 2006 2:03 PM
-
Source:
Edinburgh Evening News
-
Location:
Edinburgh
-
Related Topics:
Consumer debt
