Market Report, "Credit Cards in Spain", Published
Given the current adverse economic scenario in Spain, which has led to record high unemployment rates, extremely low levels of consumer confidence and very limited disposable income levels, credit card usage experienced another negative year as more consumers than ever before switched to other types of financial cards in an attempt to save money and exercise better control over their expenditure. The high fees associated with credit cards of up to EUR30 per year represented another barrier to...
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