Queenslanders to spend up big this Xmas
Queenslanders are predicted to spend, on average, $609 per person on Christmas gifts this year – the third highest in the country behind Western Australians and those in New South Wales.
While many people saved throughout the year to fund their festive season, MoneySmart estimated the average post-holiday season credit card debt would be $1,666.
RACQ’s Kirsty Clinton said RACQ Bank members favoured the use of debit or credit cards to pay for their Christmas shopping.
“Two-thirds of members who responded to our survey said they would be using credit or debit cards to pay for their Christmas shopping,” Ms Clinton said.
“Nearly one quarter planned to pay with cash, while just seven percent planned to avoid the crowds altogether and shop online.”
Ms Clinton said the use of mobile pay had increased this year with five percent of members saying they planned to use Android Pay, Apple Pay or Samsung Pay to purchase gifts.
“The number of people using these modern payment options is on the rise and many of our members plan to use them this festive season,” she said.
“However you plan to purchase gifts this year, or maybe it’s something for yourself instead, RACQ Bank can help with a wide range of payment options to suit your needs.”
Banking products issued by Members Banking Group Limited AFSL/Australian credit licence 241195 trading as RACQ Bank. Fees, charges, terms and conditions apply. Contact us for a copy. The Apple logo and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries. Android, Android Pay, and the Android Logo are trademarks of Google Inc. Samsung Pay is a trademark or registered trademark of Samsung Electronics Co., Ltd.
Question: How will you be paying for your Christmas presents this year?