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Holiday Sales Mon, Nov 27, 2006 AddThis Social Bookmark Button

By Thomas Redman, CardTrak.com
Credit 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.

2006 Holiday Retail Sales on Payment Cards
Shopping PeriodTOTAL
($ 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
Source: CardData (www.carddata.com)