Graph and download economic data for Commercial Bank Interest Rate on Credit Card Plans, All Accounts (TERMCBCCALLNS) from Nov 1994 to May 2025 about consumer credit, credit cards, loans, consumer, interest rate, banks, interest, depository institutions, rate, and USA.

Commercial bank interest rates on credit card plans in the United States were over *** percent higher in early 2025 than in the same period in 2022. In February 2025, the interest amount on credit card plans amounted to ***** percent. Alongside this development, the overall amount of credit card debt in the U.S. reached an all-time high in Q4 2023. Credit cards are considered one of the most common ways to pay in the United States, so potential changes on credit card debt are closely tied to both the inflation figure and central bank interest rate of the country.

United States - Commercial Bank Interest Rate on Credit Card Plans, Accounts Assessed Interest was 21.91% in February of 2025, according to the United States Federal Reserve. Historically, United States - Commercial Bank Interest Rate on Credit Card Plans, Accounts Assessed Interest reached a record high of 23.37 in August of 2024 and a record low of 11.96 in February of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Commercial Bank Interest Rate on Credit Card Plans, Accounts Assessed Interest - last updated from the United States Federal Reserve on June of 2025.

The interest rate for credit cards in the UK grew to an all-time high in May 2025, even though the base rate for the Bank of England grew at a slower pace that month. Credit card interest rates tend to be significantly higher than other forms of lending, and the United Kingdom is no exception to this. By May 2025, the average interest rate had increased to ***** percent. The Bank of England base rate stood at **** percent since April 2025 – which was not yet the highest value observed. Nevertheless, the central bank's interest rate grew slower than that of credit cards.

Credit Card Interest Rate: Average data was reported at 21.178 % pa in 2024. This records an increase from the previous number of 21.162 % pa for 2023. Credit Card Interest Rate: Average data is updated yearly, averaging 20.330 % pa from Dec 1999 (Median) to 2024, with 26 observations. The data reached an all-time high of 21.980 % pa in 2008 and a record low of 17.020 % pa in 2000. Credit Card Interest Rate: Average data remains active status in CEIC and is reported by Central Bank of Bahrain. The data is categorized under Global Database’s Bahrain – Table BH.M005: Credit Cards Interest Rate.

The size of the US Payment Cards Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 6.00">> 6.00% during the forecast period. U.S. payment cards refer to cards issued by financial institutions in the United States that enable users to conduct financial transactions, including purchases, bill payments, and money transfers. These cards come in various forms, such as credit cards, debit cards, and prepaid cards. Each type of card functions differently: credit cards allow users to borrow money up to a certain limit and pay it back with or without interest; debit cards enable direct access to funds from the user’s bank account; and prepaid cards require the user to load funds onto the card before using it for purchases. Credit cards are widely used in the U.S. and offer revolving credit, where users can carry a balance from month to month. They often come with benefits like rewards programs, travel perks, and fraud protection. However, they also come with potential drawbacks, such as high-interest rates if balances are not paid in full. Debit cards, linked directly to a checking or savings account, are used to withdraw money from ATMs or to make purchases, with the transaction amount deducted immediately from the account. Prepaid cards are similar to debit cards but require users to load money onto the card before spending it. Recent developments include: On June 2022, Global digital payments firm Visa and Safaricom, the operator of the M-Pesa mobile money product, have today launched a virtual card, enabling millions of M-Pesa users to make digital payments globally including the US region. The virtual card will enable 30 million M-Pesa users to make cashless payments at Visa's global network of merchants. Users can activate the virtual card through the M-Pesa mobile app or by USSD., On April 2022, American Express Partners with Billtrust to offer suppliers a solution to accounts receivable challenges. B2B accounts receivable automation and integrated payments leader, to enable suppliers to streamline acceptance of American Express virtual cards. With this integration, suppliers will have the ability to automate and accelerate virtual card payments from customers while receiving a real-time view of their outstanding invoices and current cash flow.. Key drivers for this market are: Usage of Credit Card give the bonus and reward points. Potential restraints include: Interest rates on Credit Card. Notable trends are: Increase in the Penetration of Internet in the USA.

The size of the Credit Cards Market was valued at USD 14.31 Million in 2023 and is projected to reach USD 18.42 Million by 2032, with an expected CAGR of 3.67% during the forecast period. A credit card is a payment card issued by financial institutions that allows cardholders to borrow funds to pay for goods and services. It operates on a system of revolving credit, where users are given a credit limit up to which they can borrow. The borrowed amount, known as the balance, must be repaid either in full by a specified due date or over time, with interest charged on the outstanding balance if not paid in full. Credit cards are widely accepted globally and provide convenience for both online and in-store purchases. When a person uses a credit card, the issuer (typically a bank) pays the merchant on behalf of the cardholder. The cardholder then repays the issuer, either immediately without interest or over time with added interest, depending on the card’s terms. Credit cards often come with various rewards and benefits, such as cashback, travel miles, or points that can be redeemed for products or services. They also offer consumer protections like fraud detection and chargeback options in case of disputes with merchants. Recent developments include: May 2023: Singapore's DBS Bank looks to complete its retail product offering by adding a super-premium credit card as soon as this week as it seeks to consolidate its position two-and-a-half years after acquiring Lakshmi Vilas Bank (LVB)., May 2023: NPCI leans on bank partnerships to push RuPay credit cards.. Key drivers for this market are: Usage of Credit Card give the bonus and reward points. Potential restraints include: Interest rates on Credit Card. Notable trends are: Increasing Number of Visa Credit Cards Internationally.

Graph and download economic data for Delinquency Rate on Credit Card Loans, All Commercial Banks (DRCCLACBS) from Q1 1991 to Q1 2025 about credit cards, delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

Argentina Lending Rate: Domestic Currency: Personal Loan & Credit Card System: Personal: More 180 days data was reported at 65.890 % pa in Mar 2025. This records a decrease from the previous number of 65.980 % pa for Feb 2025. Argentina Lending Rate: Domestic Currency: Personal Loan & Credit Card System: Personal: More 180 days data is updated monthly, averaging 37.560 % pa from Jan 2002 (Median) to Mar 2025, with 279 observations. The data reached an all-time high of 132.770 % pa in Dec 2023 and a record low of 23.530 % pa in Jun 2006. Argentina Lending Rate: Domestic Currency: Personal Loan & Credit Card System: Personal: More 180 days data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.M006: Lending Rate: Non Financial Private Sector.

Total credit card debt in the UK grew by over ****billion British pounds between March and April 2025, now reaching a similar level of debt as seen in early 2020. The annual growth rate of credit card debt stayed about the same in April 2025, reaching *** percent when compared to aApril 2024. The growth rate in 2024 has been decreasing until 2025 where it started to increase again, which may potentially be attributed to growing interest rates and the cost of living crisis.

The global credit card market, valued at $1,404,430 million in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the rising adoption of digital payment methods and e-commerce fuels the demand for convenient and secure transaction solutions. Secondly, increasing financial inclusion, particularly in developing economies, expands the potential customer base for credit cards. Furthermore, the proliferation of reward programs and lucrative cashback offers incentivize consumers to utilize credit cards for everyday purchases. Finally, the increasing penetration of smartphones and robust mobile banking infrastructure facilitates seamless credit card applications and management, further boosting market growth. The market is segmented by application (daily consumption, travel, entertainment, others) and type (personal and corporate credit cards). Within these segments, personal credit cards dominate the market share, reflecting their widespread usage among individuals. However, the corporate credit card segment exhibits strong growth potential due to its rising importance in business expense management. Geographical distribution reveals strong market presence in North America and Europe, although Asia-Pacific, driven by burgeoning economies like China and India, shows considerable growth opportunities. Despite positive growth projections, the credit card market faces certain challenges. Stringent regulations aimed at protecting consumers from predatory lending practices, coupled with fluctuations in global economic conditions and interest rates, may influence consumer spending and credit card usage. Increased competition among established players and fintech disruptors also intensifies the pressure on profit margins. Nevertheless, innovative offerings like contactless payments, improved fraud detection systems, and personalized financial management tools are expected to mitigate these risks and sustain market growth over the forecast period. The key players in this market, including JPMorgan, Citibank, American Express, and others, are constantly innovating and strategically expanding their reach to maintain market leadership and capture emerging growth opportunities. The strategic partnerships and mergers & acquisitions within the industry further signal the competitive and dynamic nature of this market.

Argentina Lending Rate: Monthly Average: Domestic Currency: Credit Cards data was reported at 84.860 % pa in Mar 2025. This records an increase from the previous number of 83.890 % pa for Feb 2025. Argentina Lending Rate: Monthly Average: Domestic Currency: Credit Cards data is updated monthly, averaging 39.390 % pa from Jul 2002 (Median) to Mar 2025, with 273 observations. The data reached an all-time high of 125.950 % pa in Mar 2024 and a record low of 25.660 % pa in May 2007. Argentina Lending Rate: Monthly Average: Domestic Currency: Credit Cards data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.M006: Lending Rate: Non Financial Private Sector.

The global personal credit card market, valued at $1,404,430 million in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 4.3% from 2025 to 2033. This expansion is fueled by several key factors. Increasing financial inclusion, particularly in developing economies, is broadening access to credit cards, leading to higher adoption rates among previously underserved populations. The shift towards digital payments and e-commerce further accelerates growth, as credit cards become increasingly convenient and preferred payment methods for online transactions. Moreover, innovative credit card products tailored to specific customer segments, such as those with limited credit usage or those requiring responsible debt management tools, are contributing to market expansion. Marketing strategies emphasizing rewards programs and travel benefits also significantly influence consumer adoption. However, the market faces certain restraints. Concerns surrounding high interest rates and potential debt accumulation can deter some consumers, particularly during economic uncertainty. Stringent regulatory frameworks aiming to protect consumers from predatory lending practices may also impact market growth. Furthermore, the rise of alternative financial technologies, such as buy-now-pay-later (BNPL) services, presents a competitive threat to traditional credit card providers. Nevertheless, the overall market outlook remains positive, given the continued expansion of the global economy, increasing consumer spending, and the ongoing evolution of credit card products and services. Strategic partnerships between financial institutions and fintech companies, focused on developing innovative credit scoring and risk management models, will be crucial for sustained market growth.

Credit card delinquency reached its highest level since 2019 in the first quarter of 2024, whereas mortgage delinquency declined to its lowest level. This is according to consumer data supplied by large banks that have to report such figures when handling over 100 billion U.S. dollars worth of assets. **** percent of credit card balances were ** days late - the highest percentage since tracking began in 2012. First-lien mortgage origination remained historically low, likely due to high interest rates and housing prices. Note the graphic shown here is different from another source on credit card delinquency rates in the U.S., as those figures are aggregates.

Credit Cards Market size was valued at USD 14.31 Billion in 2023 and is projected to reach USD 17.50 Billion by 2030, growing at a CAGR of 4.2% during the forecast period 2024-2030.

Global Credit Cards Market Drivers

The growth and development of the Credit Cards Market can be credited with a few key market drivers. Several of the major market drivers are listed below:

Spending Patterns of Consumers: The credit card market is largely driven by the spending patterns and preferences of consumers. Credit cards are in greater demand as a practical payment option as consumers move more and more toward cashless transactions and online shopping.

Situation of the Economy: A number of economic indicators, including inflation, GDP growth, and employment rates, have an impact on disposable income and consumer confidence, which in turn have an impact on credit card usage. Consumers tend to spend more and sometimes use credit cards when the economy is expanding.

Interest Rates: The cost of borrowing and the allure of credit cards are impacted by fluctuations in interest rates set by central banks. While higher interest rates may cause consumers to cut back on spending and become more concerned about repaying their debt, lower rates may encourage consumers to use credit cards more frequently.

Rewards and Incentives: To draw in new business and keep existing ones, credit card companies provide a range of rewards, cashback plans, travel perks, and incentives. Attractive rewards programs have the power to increase credit card usage and sway customer decisions.

Technological Innovation: New developments in digital banking, contactless payments, and smartphone wallets are transforming the credit card industry. Credit card issuers are investing in technological innovations to improve security and convenience as a result of consumers' increasing adoption of digital payment methods.

Regulatory Environment: Market dynamics are influenced by rules that govern the credit card industry, such as data security standards, interchange fee laws, and consumer protection laws. The pricing strategies, product offerings, and profitability of card issuers can all be impacted by changes in regulations.

Demographic Trends: The adoption and use of credit cards are influenced by demographic factors such as urbanization, population growth, and shifting lifestyles. Younger generations—Gen Z and millennials in particular—are more likely to use mobile banking and digital payments, which is increasing demand for credit cards with cutting-edge features.

Credit Card Payment Market Outlook

The global credit card payment market size was valued at approximately USD 3.4 trillion in 2023, and it is projected to reach around USD 5.9 trillion by 2032, expanding at a compound annual growth rate (CAGR) of 6.4% during the forecast period. This remarkable growth can be attributed to the increasing adoption of credit cards as a preferred payment method across various sectors, driven by factors such as the convenience they offer, reward schemes, and the expanding e-commerce market. The surge in online shopping, coupled with the need for seamless and secure transactions, is significantly fueling the demand for credit card payments globally.

One of the primary growth factors driving the credit card payment market is the proliferation of the internet and smartphones, which has revolutionized the way consumers shop and pay for goods and services. The widespread availability of high-speed internet and the penetration of smartphones have made online shopping more accessible, leading to an increase in online transactions. Credit cards, with their robust security features and ease of use, have become the preferred payment method for online purchases, contributing to the market's growth.

Another significant factor contributing to the growth of the credit card payment market is the attractive rewards and loyalty programs offered by credit card issuers. These programs provide incentives such as cashback, travel miles, and discounts on purchases, encouraging consumers to use their credit cards more frequently. The competition among credit card issuers to offer the best rewards has intensified, leading to innovative and lucrative offers that appeal to a broad spectrum of consumers, thereby driving market growth.

Credit Settlement plays a crucial role in the credit card payment ecosystem, ensuring that transactions between merchants and cardholders are processed smoothly and efficiently. This process involves the reconciliation of payments, where the merchant receives the funds from the cardholder's bank, minus any fees charged by the credit card issuer or payment processor. Effective credit settlement mechanisms are essential for maintaining trust in the payment system, as they guarantee that merchants receive their due payments promptly. As the volume of credit card transactions continues to rise, advancements in credit settlement technologies and processes are being developed to enhance speed, accuracy, and security, further supporting the growth of the credit card payment market.

The increasing urbanization and rising disposable incomes in emerging economies are also playing a crucial role in the expansion of the credit card payment market. As more people move to urban areas and their incomes rise, their spending patterns change, leading to an increased demand for credit cards. Credit cards offer a convenient way to manage finances, especially in scenarios where immediate funds are required, making them an essential financial tool for many consumers in these regions.

Regionally, North America holds a significant share of the credit card payment market, driven by the high adoption rates of credit cards among consumers and the presence of leading credit card issuers. The region's well-established financial infrastructure and the early adoption of technological advancements in payment systems contribute to its dominance. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, owing to the rapid economic development, increasing digitization, and the rising middle-class population in countries such as China and India. The growing acceptance of cashless transactions and government initiatives to promote digital payments are further propelling the market in this region.

Card Type Analysis

The credit card payment market can be segmented by card type into standard credit cards, premium credit cards, business credit cards, secured credit cards, and others. Standard credit cards are the most commonly used type and are typically offered to consumers with average credit scores. These cards often come with basic features such as a credit limit, interest rates, and in some cases, a rewards program. The widespread use of standard credit cards is attributed to their accessibility and the basic financial management tools they offer, making them a popular choice among consumers.

Premium credit cards, on the other hand, are targeted a

The credit card penetration in Brazil was forecast to continuously increase between 2024 and 2029 by in total 16.6 percentage points. After the twelfth consecutive increasing year, the credit card penetration is estimated to reach 62.27 percent and therefore a new peak in 2029. The penetration rate refers to the share of the total population who use credit cards.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).

Mexico Interest Rates on Household Credit: Credit Card data was reported at 35.680 % pa in Aug 2009. This records a decrease from the previous number of 36.380 % pa for Jul 2009. Mexico Interest Rates on Household Credit: Credit Card data is updated monthly, averaging 34.205 % pa from Jan 2004 (Median) to Aug 2009, with 68 observations. The data reached an all-time high of 41.870 % pa in Dec 2008 and a record low of 31.390 % pa in Apr 2007. Mexico Interest Rates on Household Credit: Credit Card data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M006: Household Credit Interest Rates.

The size of the Mexico Credit Card market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 8.60% during the forecast period. The Mexico credit card market is witnessing a tremendous growth speed, mainly through increased consumer spending, government initiatives for electronic payment promotion, and the steadily increasing popularity of digital transactions. A credit card is issued in plastic by a financial institution that allows the cardholder to make purchases on credit. It operates on a revolving credit system, wherein it enables customers to borrow the available amount up to their pre-approved limit and repay the borrowed amount along with a specific interest rate over some specified period. Credit cards have many attractions to consumers as well. These include convenience, security, and rewards. Cashless transactions are facilitated by credit cards that render it easier to buy goods and services online and even more so off the lines. The cash needed to be carried is reduced as credit cards provide a security layer. Further, most credit cards carry a rewards program. This may come in the form of cashback, points, or airline miles. Such rewards can be redeemed for various sorts of benefits. Credit cards provide the company with a convenient means of payment. It minimizes the need to manage cash and improves the firm's cash flow. They also provide some useful data on customers' spending habits, which can be used for targeted marketing and insights on business operations. Recent developments include: November 2021 - Mastercard collaborated with Jeeves, a business banking company that has worked with numerous Mexican businesses, to help alleviate credit access problems in Mexico. The company aims to help deal with the burgeoning FinTech ecosystem in the region with this partnership., November 2021 - Mastercard acquired Arcus FI, an alum of the company's Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across Latin America. Arcus helps to enable bill pay and cash-in, cash-out services for billers, retailers, fintechs, and traditional financial institutions in the U.S. and Mexico, with expansion into Latin America. Its flagship solution, the Arcus Pay Network, has access to some of the largest retailers and direct connection with many of the largest billers in Mexico.. Key drivers for this market are: High Proliferation of Smartphones and Digital Initiatives, Favorable Changes in Regulatory Frameworks In the Country. Potential restraints include: Operational Challenges Involving Cross-border Payments. Notable trends are: P2B Segment is expected to witness strong growth.

Credit card issuance revenue is slated to dip at a compound annual rate of 1.3% over the five years through 2024-25 to £16.7 billion, although it’s expected to climb by 2.6% in 2024-25. The COVID-19 outbreak dealt a hefty blow to credit card issuers as households used their cards for fewer purchases. The cost-of-living crisis has been both a blessing and a curse – on the one hand, households have turned to credit cards to pay for necessities as disposable incomes have fallen; on the other, it’s caused a higher rate of default and a lower level of total spending. Rampant inflation has made revenue very volatile. Drops in disposable income have left households scrambling to pay for necessities, with the ONS finding that 21% of adults had to use personal loans or credit cards to afford their living costs across 2023-24. This has been good for the industry, as issuers benefit from more transaction fees and have more customers with outstanding balances on which they collect interest. However, there are some negatives, namely the jump in defaulting. Consumer information company Which? estimates that two million households missed some repayment in April 2023, dealing a blow to credit card issuers’ revenue and denting their profit. In 2024-25, inflation is easing back down, falling to 2.3% in April, while interest rates remain at a high of 5.25%, upping profit for the industry. Credit card issuance revenue is forecast to expand at a compound annual rate of 3% over the five years through 2029-30 to reach £19.3 billion. The credit card industry is bracing for future changes. Intensified regulations, like the FCA's Consumer Duty, will put pressure on issuers, increasing costs and affecting profit. Credit card issuers will also grapple with shifting demographic trends, as Gen Z and millennials show a growing preference for debit cards over traditional credit cards. However, competition looms from BNPL platforms like Klarna, which offer appealing alternatives and are currently exempt from regulation. The burgeoning e-commerce sector offers a bright spot, with credit card companies anticipating increased usage of credit cards for online purchases, bolstering transaction fee revenue.