Figures show debit card use five times greater than credit card use in Ireland

Almost €6m was spent on credit and debit cards in June, a 6% increase since last year.

Figures show debit card use five times greater than credit card use in Ireland

Irish people are using debits cards five times more than credit cards, according to new figures from the Central Bank.

Almost €6m was spent on credit and debit cards in June, a 6% increase since last year.

The highest annual growth of spending was in the social sector, rising 23%, meaning people are going out more.

Consumer columnist with the Irish Independent, Sinead Ryan, said debit cards are a better option.

Ms Ryan said: "Debit cards really just carry out all the same transactions, with Visa taking over debit across Europe, there's no reason they can't be used all of the time.

"And people are reflecting that, they don't want to get into unnecessary debt, so where you can use your debit card, that is clearly the best thing to do."

more courts articles

Footballer Marcus Rashford admits Rolls-Royce speeding Footballer Marcus Rashford admits Rolls-Royce speeding
Micah Richards ‘grappled’ with man accused of headbutting Roy Keane, court told Micah Richards ‘grappled’ with man accused of headbutting Roy Keane, court told
Roy Keane ‘in shock’ after being ‘headbutted’ through doors, court told Roy Keane ‘in shock’ after being ‘headbutted’ through doors, court told

More in this section

Sir Anthony O'Reilly Colin Sheridan: Larger-than-life O’Reilly left his mark in business circles
Currys' financials Currys shares jump on trading update a month after retailer rejected unwanted takeover offer
Joe Biden Biden increases tariffs on Chinese imports of electric cars and chips
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited