Research suggests men will use credit cards to fund Valentine's Day spending
Published On 12 February 2008
New research has suggested that men are planning on spending substantial sums of money on their credit cards over Valentine's Day.Figures released by Halifax indicated that the average male credit card holder in the UK spent £44 on flowers and £82 on eating out during February 2007.
In addition, the study showed that 20 per cent of men might use a credit card to purchase jewellery either for Valentine's Day or for an anniversary.
"Our research shows that Brits do have big hearts when it comes to Valentine's Day but this doesn't have to mean a broken wallet," commented Halifax's Adrian Bryant.
"By choosing a card with a substantial zero per cent deal, Valentine spends needn't attract any extra interest."
Recently, Defaqto warned people planning on splashing out on a loved one on February 14th that they should make sure they have adequate insurance before making a major purchase.
The firm's insurance consultant, Mike Powell, explained: "By taking a few minutes to check your insurance cover, you can cover your losses from unforeseen problems and help ensure that you and your loved one have a Valentine's Day to remember, for all the best reasons."
