Mounting debt was nevertheless a "credible" threat to the economy which could increase over time.
Spending on credit and debit cards showed few signs of slowing early this year, according to figures from the Association of Payment Clearing Services.
Taxpayers could pay off tax bills with their credit cards if proposals being discussed get the go-ahead.
I wonder if these people actually talk to each other?
See also BBC News | Business | Credit card spending reaches high, and BBC News | Business | MPs angry at credit card firms. I got rid of my credit card at the end of last year. I have to say, they rate as one of the most insidiously evil things ever in my book.
You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store