In this section
Offers for readers
The comment stream
Recent comments
- 1 of 19105
- ››
Editors choice
- 1 of 276
- ››
Finance sector jobs
Successful applicants will have the opportunity to work with this leading Australian Advis...more
Australia
Think Global Recruitment is working with this exceptionally respected Australian Boutique ...more
Australia
Sought after opportunity to move to one of the most beautiful westernised countries in the...more
Australia
The news stream
Latest news
Most commented
- 90 seconds at 9 am with BNZ 116
- Wednesday's Top 10 with NZ Mint 78
- Friday's Top 10 with NZ Mint 28
- The problems with NZ's energy use 20
- Amanda's Take Five for Wednesday 19
- More bank mortgage rate cuts 16
- Govt lifts minimum wage 50 cts to $13.50 an hour 16
- Thursday's Top 10 with NZ Mint 15
- 90 seconds at 9 am with BNZ 14
- Full time jobs fall 13,000 in Dec qtr 14
Most viewed
Interest on Twitter
Card spending rises in July; Credit card use up off May low
The trend in electronic card spending in New Zealand rose slightly for the sixth consecutive month in July, with the unadjusted value of spending showing its usual rise from June, figures released by Statistics New Zealand (Stats NZ) show.
The seasonally adjusted total value of electronic card transactions rose 1.2% from June, while unadjusted electronic card spending was up 2% from July 2008.
"The non-retail industries (which include services such as travel and health, and wholesaling) and consumables industries (which include food, liquor, and chemist retailing) were the main contributors to the July increase," Stats NZ said.
"The durables industries (which include furniture, hardware and appliance retailing) and the automotive fuel retailing industry had small falls in July," it said.
The rising trend in electronic card spending for the core retail sector has slowed slightly over the last three months, but spending is still seen to be rising slightly. Seasonally adjusted figures show the amount spent in core retail rose 1.1% from June, while actual figures show spending was up 4% from a year ago.
The proportion of transactions that were made with credit cards rose again slightly over the month, from 43.4% in June to 43.7% in July. The proportion of transactions made with credit cards had fallen from 46.4% in February to a low of 43.1% in May.
The average card transaction value also rose to NZ$52 from the low of NZ$51 in both June and May.
Carrying a credit card is
Carrying a credit card is a convenience to me, as it eliminates the need to carry any cash for most purposes.
Hey BF, am I right
Hey BF, am I right in thinking we are all soon likely to be paying the shops to use our cards?
that's right Wally. Retailers used
that's right Wally. Retailers used to have the suck up the 1 to 5% fee fee the credit companies charged them. Recent court case has ruled the retailers can now pass that on to the consumers.
We were all really paying it in higher prices for our goods. It was illegal to give me a discount if I did not use a credit card and paid in cash. Now for cash I will be able to get a discount.
I only use my Credit Card to get airpoints. If I have to pay a percentage for the privilege of that I will stop using it and use cash or my kiwibank oncall eftpos card.
The winners who don't mind paying interest each month on their Credit Cards will still use them though. Those types just don't understand.....
I suspect the shops that
I suspect the shops that try to charge for the use of the cards, will find themselves in a deluge of cash stuffing the tills and needing constant clearing with the cost of security firms etc and the higher incidence of robbery. Bet the shops that intro a charge don't lower their prices!