Consumers are managing to meet day-to-day costs without credit cards, a payments body said.
Apacs said there had been no spike in credit card use in the first five months of 2008, with credit card spending rising 1.2 per cent, despite soaring food and fuel prices and higher mortgage rates. It added the average value of a credit card transaction in a supermarket had fallen slightly to £34.33, from £35.57 for the same period of 2007.
Consumers are continuing to favour debit cards for nearly all transactions. People spent £354 billion on plastic in 2007, 10 per cent more than in 2006.
Nearly two-thirds was debit card transactions, totalling £221 billion, while the remaining £133 billion was credit cards.
Debit card usage has soared 390 per cent in 10 years, growing 13 per cent in 2007 to approach cash transactions of £265 billion. It was the seventh year running debit card spending outstripped credit cards.