Visa USA Says Holiday Card Spending Up 16 percent

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00008143-visa-usa-says-holiday-card-spending-up-16/

Visa USA, part of the world’s largest credit card network, on Thursday said consumers spent more than $218.7 billion on its branded payment cards in the 2004 holiday season, up 15.7 percent from a year earlier.

From Nov. 1, 2004 to Jan. 2, 2005, Visa credit card use rose 6.8 percent to more than $110 billion, while debit spending increased 26.2 percent to $90.6 billion, Visa said.

Corporate and small business card spending totaled $18 billion, Visa spokesman Paul Cohen said.

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Visa USA Says Holiday Card Spending Up 16 percent

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