The Portuguese who use credit cards for Christmas purchases expect to spend this year up to 251 euros, 9 euros less than in 2011, reveals a recent study by Observador Cetelem.
The same study indicates that the number of individuals who have a credit card in Portugal has increased. In 2011, only 18% of Portuguese consumers reported using this form of payment and in 2012 the percentage reached 24%.
The use of credit cards is more common in individuals between 25 and 34 years old (56%). This is followed by respondents between 35 and 44 years old with 47% stating that they have a credit card and 41% of respondents between 45 and 54 years old. Those who least mention the use of credit cards are: from 55 to 65 years old – 21%; from 18 to 24 years old – 25%.
Still on the use of credit cards, the study by Observador Cetelem reveals that it is among the lower classes (C2/D) that there is less intention to use it, as only 14% indicate that they intend to do so. Among the upper classes (AB/C1), 47% of respondents admit using a credit card.
This analysis is part of Observador Cetelem's study on “Purchasing Intentions of Portuguese Consumers for Christmas 2012, carried out in collaboration with Nielsen and applied, through a quantitative survey, to 500 individuals from Mainland Portugal, of both sexes, from 18 to 65 years, between the period 1st to 3rd October 2012. The maximum error is +4,4 for a 95% confidence interval.
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