One in five Brits to spend an average of £227 on Black Friday

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Written by Uswitch
Updated on 14 November 2016
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  • One in five Brits plan to bag a Black Friday bargain**** with s**hoppers anticipating spending an average of £227 buying discounted items this year**

  • Nearly a third of those who will be shopping will put their Black Friday spending on a credit card****

  • With just under two weeks to go until the shopping bonanza hits our high street, Uswitch.com highlights the best credit card deals currently on offer for consumers.

Research conducted by Uswitch.com, the price comparison and switching service, has found that one in five British consumers are planning a splurge on Black Friday – the American phenomenon which marks the beginning of the festive shopping season – on 25th November 2016.

With the average Black Friday shopper looking to spend in excess of £225 on bargains, this American innovation is now an important day for retailers in the UK, with a predicted £5 billion to be spent over the course of the week leading up to it this year.

Uswitch.com research shows that a third of those spending big on Black Friday are likely to do so on a credit card. For savvy consumers, picking the right card, such as one with a long 0% interest on purchases, can help spread the cost and ensure that you aren’t negating the discounts by paying out interest on your spending.

Tashema Jackson, money expert at Uswitch.com, says: “Black Friday is now big business on both sides of the Atlantic and a great opportunity for people to grab a bargain – whether that is a new TV for the family to enjoy the heavily anticipated Christmas TV schedule or bagging the latest console as a present for a loved one.

“For shoppers who are going to use a credit card to pay for their spending, a little bit of research can make a huge difference to how much you have to repay. There are a number of good deals available at the moment, allowing people to spread the cost, or earn cashback on their spending.

“As ever, remember that whenever you take out any credit, to be sure you’ll be able to pay back everything you borrow and that it will have an impact on your credit rating.”

Uswitch.com’s top three recommended credit cards

Best credit card with 0% interest on purchases

Virgin 30 Month Purchase Credit Card

  • 30 month 0% interest on purchases

  • 18 months 0% for balance transfers and money transfers

  • 4% money transfer fee in first 60 days, 5% thereafter

  • 99% balance transfer fee in first 60 days, 5% thereafter

Best cashback credit card

American Express Platinum Cashback Everyday Credit Card

  • Earn 3% cashback (up to £15) on Amazon purchases within the first 3 months of taking out the card*

  • 5% cashback in your first three months (up to £100)

  • Up to 1% cashback thereafter

Best all rounder

Halifax 26 Month Balance Transfer Credit Card

  • 26 month 0% interest on purchases

  • 26 month 0% on balance transfers

  • 95% effective balance transfer fee for first 90 days, 3% fee thereafter

For more information visit Uswitch.com or call 0800 093 0607

FOR MORE INFORMATION

Rory Stoves
Phone: 020 3872 5613
Email: rory.stoves@uswitch.com
Twitter: @UswitchPR

Notes to editors

Notes to editors *Offer available until 31 Jan 2017 All research referred to was conducted by Opinium between 8th November and 10th November 2016, 1,853 adults were surveyed.

  1. When asked ‘Do you intend to do any shopping this Black Friday?’ 20.8% said ‘Yes’

  2. When asked ‘How much will you spend when Black Friday shopping this year?’ The average was £227.28.

  3. When asked ‘How will you pay for your Black Friday shopping?’ 31.6% of people said ‘I’ll use an existing credit card’.

  4. Global digital commerce consultancy Salmon, predicts that over the course of the week around Black Friday, £5 billion will be spent in the UK. https://www.salmon.com/en/black-friday/

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