Credit Card Sales slow down in Australia

The report says that,  the number of credit card accounts has increased by just 1.9% for the year to April 2011. The average credit card had an outstanding balance of $3,326 while the number of transactions has increased by 4.4% over the year.  Surprisingly enough  in comparison to this, the number of debit card accounts has increased by 7.8% over the year and purchase only transactions are also up by 22.2%.

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