Men are flashing their plastic
Men will spend more than women on their credit cards over the summer months, predicts a new report.
Spending £200 more than their female counterparts, men are set to pay out the extra money for travel expenses and holidays suggests Morgan Stanley. Women in contrast will be using their plastic for items such as clothes, essential items bought from supermarkets and beauty products.
Men put an extra £269 on their credit cards during the summer season, with some of them paying for taking loved ones away on holiday. Over the holiday months, the gap between male and female spending will widen from 19 per cent to 37 per cent.
Subverting stereotypes, men are set to splash a total £961 on their credit cards in the next three months, while women will spend a more restrained £700 each, Morgan Stanley reveals.
"Men are the ones spending on this year's summer holiday. Women, on the other hand, continue to use their credit card for everyday expenditure gaining rewards for buying grocery items and clothes," commented Patrick Muir, marketing director, Morgan Stanley Consumer Banking.
"These results show that across the board, people are comfortable using their credit cards for both everyday and luxury purchases, often making the most of cash back schemes and being rewarded for the things they buy anyway," he added. | 
