You are here: Home - Credit Cards & Loans -

Students make use of flexible friend

Written by:

The average student credit card balance is nearly £220, according to research from Halifax.  

A survey by the bank found 37% of students have a credit card, with students in Scotland (44%) most likely to and those in Wales least likely (33%). Students are less likely to hold a credit card (37%) than a loan (80%) or an overdraft (64%).

While the general average balance is roughly £220, female students tend to carry a higher average balance (£255.50), compared to the average male students’ balance of £173.20.

Students at Eastern and South Eastern universities were more likely to spend more on their plastic, averaging £363.70 and £360.60 respectively, while students in the South West (£125.10) and East Midlands (£129.50) were less likely to rely on their cards for purchases.

Related Posts


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Disposable income drops for first time since 1997

For the first time since 1997, household disposable income has fallen in cash terms, according to uSwitch.