Credit cards face Xmas workout: Cannex

Forget interest rate rises - research says Australians will give their credit cards a workout this Christmas totting up more than $17 billion in the shops.

Research group Cannex said the sheer scale of spending means that the country's 13.1 million plus credit cards will swipe about $1,300 each.

This will be on top of what Australians already owe on the plastic fantastics - $37 billion or $2,820 per card.

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