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Visa Says U.S. Card Spending Grew 13% Through Most of November

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Dec. 1 (Bloomberg) -- Visa Inc., the world’s biggest consumer payments network, said total U.S. spending on debit and credit cards climbed an annualized 13 percent during the first four weeks of November.

Debit spending surged 17 percent during the period and credit spending rose 9 percent, San Francisco-based Visa said today in a regulatory filing ahead of a planned investor presentation from Chief Financial Officer Byron Pollitt. Worldwide transactions grew 15 percent and spending by cardholders outside their home countries advanced 17 percent when adjusted for currency fluctuations.

To contact the reporter on this story: Peter Eichenbaum in New York at peichenbaum@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

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