UK consumers use credit cards for daily purchases such as milk ans bread, according to the recent survey. About 44% of all credit card balances consist of petrol and grocery purchases, the survey shows.
The latest Morgan Stanley Card Index showed that the UK consumers are changing thier customer habits. That means that everyday spending by means of credit card will lead to a monthly clearing of the balances.
Credit cards are regarded as a key consumer tool my the majority of the UK consumers with clearing the way for credit cards to become part of daily purchases life.