Celebrating the spirit of the holiday season, cardholders appear to have opted for spending more time with family and eating in during the fourth quarter. Spending at restaurant and fast food venues decreased, by 15 and 9 percent, respectively.Cardholders stayed close to home during the holidays, spending less on hotels, car rentals, and toll purchases, which decreased by 21, 26, and 8 percent, respectively. Other leisure expenditures that were replaced by holiday shopping were museum and recreational facility spending, which decreased by 27 and 17 percent, respectively. The only leisure activity that recorded an increase in the fourth quarter was the movie theater category, which grew by 13 percent, likely driven by advancements in digital technology as well as a year of blockbusters. Chase Freedom cardholders can earn 5 percent cash back on up to $1,500 in purchases at gas stations, drugstores, and Starbucks® stores January through March 2013. Customers can activate 5 percent cash back online, over the phone, via text message, on Facebook or at one of Chase's more than 5,500 branches. For more information, visit Chase Freedom's website or Facebook page.
|Q4 2012 vs. Q4 2011||Q4 2012 vs. Q3 2012|
About ChaseChase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.4 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase is available at www.chase.com.