Polar Vortex Saw Spike in Online Spending - Other News


Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Polar Vortex Saw Spike in Online Spending

Polar Vortex Saw Spike in Online Spending

Polar Vortex Saw Spike in Online Spending
The content is accurate at the time of publication and is subject to change.

While temperatures were dropping and snow was swirling this winter, people were shopping up a storm of their own—while curled up on the sofa under a blanket.

This year’s brutal winter caused an increase in online spending in the first quarter of 2014, the most recent Chase Freedom Lifestyle Index showed. The report, which tracks the shopping habits of Chase Freedom cardholders across the United States, comes out each quarter.

Grocery shopping and ordering food online were two areas that saw significant jumps, with grocery spending up 20% and online fast food orders jumping by 12% over the same quarter last year. Overall, online purchases were up 3% and in-store spending fell by 5% compared to the first quarter of 2013.

Looking back two years, there was a 7% rise in online purchases and a 7% decrease in brick-and-mortar spending from the first quarter of 2012 to the first quarter of 2014.

Indoor hobbies were hot last winter

Craft supply stores saw a 113% increase in spending during the first three months of 2014 over the same time last year. Outdoor activities predictably sagged during the cold months, with a 15% decrease in sporting goods spending and a 3% dip in home improvement purchases.

Travel spending was also impacted by the unusually harsh winter weather. Gas spending was down 7% in comparison to the first quarter of 2013, and airline spending fell 6%.

Spring break warmed up spending

As winter dragged on, people were eager to get away for a little vacation when spring break rolled around. In March there was an increase in spending on hotels, theme parks and car rentals compared to January and February.

From February to March, theme park spending jumped 47%, car rentals were up 24%, and hotel expenditures rose 22%.

Chase Freedom cash back categories for spring and summer

The Chase Freedom card offers 1% cash back on all purchases, with 5% back in select categories that change each quarter. Currently, cardholders get 5% back on up to $1,500 in spending at restaurants and Lowe’s home improvement stores. That offer ends on June 30.

This summer, from July 1 through September 30, Chase Freedom will offer 5% cash back on gas station spending and at Kohl’s department stores.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Younger People More Likely to Make Impulse Purchases
Younger People More Likely to Make Impulse Purchases

Posted: December 22, 2014

The final days of the holiday season are rife with impulse purchases. The first thing you see on the shelf looks pretty good when the clock is ticking down. But all year long, people struggle with the urge to buy things without fully… Continue reading

Special Holiday Lounges for MileagePlus Cardholders
Special Holiday Lounges for MileagePlus Cardholders

Posted: November 25, 2015

Trips to the mall during the holidays can be fun, but you might need a minute to relax between stores. Continue reading

With The Chase App Cardholders Can Send Gift Cards
With The Chase App Cardholders Can Send Gift Cards

Posted: April 19, 2019

Have you ever wished you could just send a gift card to someone easily and quickly? If so you might want to check out the new feature Chase has added to their app letting users do just that. With the Chase App cardholders can not only… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Introducing the New Citi Rewards+ Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap
For Excellent, Good Credit
Enjoy 70,000 bonus miles after spending $5,000 on purchases in the first 90 days
For Good/Excellent Credit
See Rates & Fees
Perfect credit not required for approval; we may approve you when others won’t
For Fair/Bad Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!