UK credit card spending has started to pick up, after the usual seasonal dip in January, increasing by 1.6% on the previous month to an average of £785, an increase of 0.3% on 2023. (Graphic: FICO)
The average percentage of total balance paid on UK credit cards dropped In February to 36.5%, a 3.1% decrease compared to January and 3.6% lower year-on-year. (Graphic: FICO)
