Consumer Payment Card News

Holiday Sales

Debit cards will capture 26% of retail sales volume on payment cards between Thanksgiving Day and Christmas Day this year, compared to 23% last year, as credit cards continue to sputter in the USA. The busiest full week is expected to be between December 11th and 17th when Americans are expected to rack-up more than $34 billion on credit, debit and store payment cards. During the 31-day shopping period, Americans are expected to charge $85.6 billion on general-purpose credit/charge cards, $35.3 billion on signature debit cards and $13.9 billion on limited-purpose store credit cards. The figures exclude groceries, gasoline, and travel related charges. The “Black Friday” weekend (Nov 24-26) should produce carded retail sales of $13.9 billion on VISA, MasterCard, American Express and Discover credit cards, $5.6 billion on VISA and MasterCard debit cards and $2.2 billion on store credit cards.

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|_3. 2006 Holiday Retail Sales on Payment Cards |
|_. | Shopping Period | TOTAL |
|_. | | ($ billions) |
|_. | Nov 24-26: | $ 21.7 |
|_. | Nov 27-Dec 3: | $ 27.2 |
|_. | Dec 4-10: | $ 31.4 |
|_. | Dec 11-17: | $ 34.2 |
|_. | Dec 18-24: | $ 20.3 |
|_. | TOTAL: | $134.8 |
|_3. Source: CardData (www.carddata.com) |

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