Financial Services » Banking » Payment cards in the United Kingdom (UK) | Reasons for not repaying credit card balance in full 2015

Reasons for consumers not paying full credit card balance United Kingdom 2015

Reasons for credit card users not repaying their balance in full in the United Kingdom as of November 2015
Created with Highcharts 5.0.1427272626191916161313101010108866I was usually unable to pay off the full amountI was spreading the cost of a large purchase/ payment made with thiscardI was spreading the cost of a large purchase/ payment made with this cardI was temporarily unable to afford to make a full paymentI was taking advantage of a 0% interest on purchases offerI was taking advantage of a 0% interest on balance transferred balanceI had the money available to pay off the full balance but made adifferent decisionI had the money available to pay off the full balance but made a different decisionI was paying off more expensive debts insteadOtherI was spreading repayment of the transferred balance01020302.557.512.51517.522.52527.5

The data depicts the reason(s) that credit card users did not repay their balance in full in the UK in November 2015. A share of 10% of respondents stated that they didn't repay their full balance as they were paying off more expensive debts instead.

I was usually unable to pay off the full amount 27
I was spreading the cost of a large purchase/ payment made with this card 26
I was temporarily unable to afford to make a full payment 19
I was taking advantage of a 0% interest on purchases offer 16
I was taking advantage of a 0% interest on balance transferred balance 13
I had the money available to pay off the full balance but made a different decision 10
I was paying off more expensive debts instead 10
Other 8
I was spreading repayment of the transferred balance 6

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