Is this the calm before a storm of credit card thrashing?

Sun, 09 Dec 2018

By Jenny Ruth Dec. 10 (BusinessDesk) - Retail spending using electronic cards was only 1.2 percent higher nationwide in the first seven days of December than in the same week last year, according to Paymark, which processes more than 75 percent of New Zealand card transactions. However, it suggests this is “a pause before another rush” and that the Black Friday sale in November may have bought spending forward. Meanwhile, Westpac’s economists are suggesting the recent fall in petrol prices “should mean a little more left in consumers’...

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