Credit card spending 'cut back'
Santander Credit Cards said the amount spent on sports and in toy stores saw the biggest fall in the value of money spent, dropping by 24% per user, while travel agencies came second with a 13% decrease.
Hotels, supermarkets, clothing stores, airlines and department stores also saw declines, which compared spending in November last year with that in November 2010.
The typical amount spent on Santander credit cards fell by 4% over the 12 months, but the number of transactions made by regular users increased by 1% over the same period.
A Santander spokesman said debt repayments were also on the up, suggesting customers may be using cards to gain loyalty rewards rather than just for credit.
Callum Gibson, managing director at Santander Cards, said: "During times of austerity, you'd expect cutbacks to hit non-essential items like holidays and clothes, and our customer data supports this.
"However, while we've seen a drop in overall spend people are using their cards more - as demonstrated by the increase in number of transactions."
The mail order sector bucked the downward trend, recording an 8% rise in the amount spent per credit card user, while restaurants and bars, utilities and petrol stations also recorded uplifts.
© 2012 Press Association