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Christmas Plastic Charges Top $126 Billion
During the period between Thanksgiving and Christmas American consumers charged $126 billion according to data compiled by CardWeb and RAM Research Group. These purchases represented a 17.8 percent increase from the 1998 level. The estimated distribution of credit-card sales is shown in the accompanying table.
1999 Christmas Holiday Payment Card Statistics(11/26/99 through 12/24/99) |
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Purchases
($billions) |
Ave.
Ticket |
|
Major credit cards |
92.6 |
$66.14 |
|
Store credit cards |
15.1 |
$58.08 |
|
National debit cards |
18.8 |
$37.68 |
Total |
126.5 |
$53.97 |
Source: CardWeb.com and RAM Research Group
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