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.

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

United States - Commercial Bank Interest Rate on Credit Card Plans, Accounts Assessed Interest was 22.83% in August 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 November of 2025.

View quarterly updates and historical trends for US Commercial Bank Interest Rate on Credit Card Plans for All Accounts. from United States. Source: Feder…

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.

Graph and download economic data for Net Percentage of Large Domestic Banks Increasing Spreads of Interest Rates Over Banks' Cost of Funds on Credit Card Loans (SUBLPDCLCTSLGNQ) from Q1 1996 to Q4 2025 about funds, cost, credit cards, spread, large, domestic, Net, percent, loans, interest rate, banks, depository institutions, interest, rate, and 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. 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.

United States - Commercial Bank Interest Rate on Credit Card Plans, All Accounts was 21.39% in August of 2025, according to the United States Federal Reserve. Historically, United States - Commercial Bank Interest Rate on Credit Card Plans, All Accounts reached a record high of 21.76 in August of 2024 and a record low of 11.82 in August of 2014. 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, All Accounts - last updated from the United States Federal Reserve on December of 2025.

The global credit card market is experiencing steady growth, projected to reach a value of $14.31 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 3.67% from 2019 to 2033. This growth is fueled by several key factors. The increasing adoption of digital payment methods, coupled with rising e-commerce transactions and a growing global middle class with increased disposable income, are major drivers. Furthermore, innovations in credit card technology, such as contactless payments and enhanced security features, are boosting consumer confidence and driving market expansion. The competitive landscape is characterized by a mix of large multinational banks like Bank of America Merrill Lynch, JP Morgan Chase, and Banco Itau, alongside regional players such as Bank of East Asia and Hang Seng Bank. These institutions are constantly striving for market share through competitive interest rates, rewards programs, and targeted marketing campaigns. While regulatory changes and potential economic downturns pose potential restraints, the overall outlook for the credit card market remains positive, driven by ongoing technological advancements and evolving consumer preferences. The market segmentation, while not explicitly detailed, is likely diverse, encompassing different card types (e.g., premium, standard, co-branded), payment networks (Visa, Mastercard, American Express, Discover), and customer demographics (age, income, location). The regional breakdown is also crucial for understanding market dynamics, with certain regions expected to exhibit higher growth rates than others due to factors such as economic development, financial inclusion initiatives, and technological penetration. Further research into specific regional data would help to refine this analysis and identify key growth opportunities for stakeholders. Continued monitoring of macroeconomic indicators and evolving consumer behavior will be vital for accurate forecasting and strategic decision-making within the credit card market. 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.

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.

Graph and download economic data for Delinquency Rate on Credit Card Loans, All Commercial Banks (DRCCLACBS) from Q1 1991 to Q3 2025 about credit cards, delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

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. 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.

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.

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 DriversThe 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.

In Portugal, the bank interest rates for revolving loans and overdrafts plus convenience and extended credit card credit to households has remained relatively steady throughout the years considered. During January 2018, these amounted to almost 13 percent. In September 2021, they lowered to 10.48 percent. However, by September 2024, the indicator maintained its rising trend and culminated in 12.12 percent. Shortly after, a decreasing trend culminated in an interest rate of 11.39 percent in August 2025.

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.

Business Credit Cards Market Outlook

The global business credit cards market size was valued at approximately USD 1.5 trillion in 2023 and is projected to reach around USD 2.6 trillion by 2032, reflecting a compound annual growth rate (CAGR) of 6.6% during the forecast period. One key growth factor driving this market is the increasing demand for credit cards among SMEs for better cash flow management and financial flexibility.

The rise in global trade and the expansion of multinational corporations significantly contribute to the growth of the business credit cards market. Companies are increasingly seeking ways to manage their finances efficiently, and business credit cards offer a range of benefits, such as expense tracking, rewards programs, and improved cash flow management. Additionally, technological advancements, including the adoption of AI and machine learning in credit risk assessment, are making it easier for financial institutions to offer business credit cards to a broader customer base, thereby propelling market growth.

Another significant growth driver is the increasing inclination of businesses towards digital payments. This shift is not only driven by the convenience and security offered by credit cards but also by various regulatory measures promoting cashless transactions. With the global push towards digitalization, businesses of all sizes are adopting business credit cards for their routine transactions, further fueling the market. Moreover, the COVID-19 pandemic has accelerated the digital payment trend, as businesses look to reduce physical contact and streamline their payment processes.

The competitive landscape is also playing a pivotal role in the market's expansion. Financial institutions and fintech companies are continually innovating to offer customized business credit card solutions. These innovations include enhanced security features, reward programs tailored to business needs, and integration with accounting software. Such offerings are attracting a wide range of enterprises, from small start-ups to large corporations, thus driving the market's growth.

Credit Cards have become an indispensable tool for businesses of all sizes, offering not just a means of payment but also a strategic financial instrument. They provide businesses with the flexibility to manage cash flow efficiently, allowing for the deferment of payments and the ability to make large purchases without immediate cash outflow. This is particularly beneficial for small and medium enterprises (SMEs) that often face cash flow challenges. Furthermore, credit cards offer detailed expense tracking and reporting, enabling businesses to monitor their spending patterns and make informed financial decisions. The integration of credit cards with accounting software further simplifies financial management, making them an attractive option for businesses looking to streamline their operations.

Regionally, North America holds a significant share of the business credit cards market, attributed to the high adoption rate of digital payment solutions and the presence of major market players. Europe is also witnessing substantial growth, driven by the increasing number of SMEs and the flourishing e-commerce sector. The Asia Pacific region is expected to register the highest CAGR, owing to rapid economic growth and digitalization efforts in countries like China and India.

Card Type Analysis

The business credit cards market is segmented by card type, including travel credit cards, cashback credit cards, low-interest credit cards, balance transfer credit cards, and others. Travel credit cards are particularly popular among businesses with frequent travel requirements. These cards offer benefits such as travel insurance, airport lounge access, and reward points on travel expenditures, making them a preferred choice for corporate travelers. The growth of the global travel and tourism industry further enhances the demand for travel credit cards.

Cashback credit cards are gaining traction due to their straightforward value proposition. Businesses can earn a percentage of their expenditures back as cash, which can be reinvested into the business or used to offset future expenses. This type of card is especially appealing to small and medium enterprises (SMEs) that are keen on maximizing their savings. The simplicity and immediate benefits of cashback cards make them a widely adopted choice among various business segments.

View monthly updates and historical trends for Canada Chartered Bank Credit Card Loans. Source: Bank of Canada. Track economic data with YCharts analytics.

The Canadian credit card market, valued at $574.36 million in 2025, is projected to experience robust growth, fueled by a Compound Annual Growth Rate (CAGR) of 5.34% from 2025 to 2033. This expansion is driven by several key factors. Increasing digitalization and the widespread adoption of e-commerce are significantly boosting transaction volumes. Furthermore, the rising popularity of reward programs and cashback offers incentivize credit card usage among consumers. The growing prevalence of buy-now-pay-later (BNPL) schemes, while technically distinct, indirectly fuels credit card market growth by normalizing credit usage and fostering a more financially inclusive environment. However, the market faces some constraints, including increasing regulatory scrutiny on credit card interest rates and fees, and potential economic downturns that could impact consumer spending. The market is segmented by card type (general purpose, specialty), application (food, healthcare, travel etc.), and provider (Visa, Mastercard, others). Major players like Canadian Tire Corporation, Triangle Rewards, CIBC, Royal Bank of Canada, Scotiabank, TD Bank, and others compete intensely, often through innovative reward programs and partnerships. The market's future depends on successfully navigating evolving consumer preferences, technological advancements, and the regulatory landscape. The competitive landscape is characterized by a mix of large national banks and specialized providers. Banks leverage their extensive branch networks and established customer bases to offer a broad range of credit cards, often integrated with their other financial products. Specialty providers, on the other hand, focus on niche markets, offering cards with tailored benefits and rewards programs. The strategic partnerships between financial institutions and retailers (e.g., the Costco Mastercard, Air Canada partnerships) are crucial in driving customer acquisition and loyalty. Future growth will likely be influenced by the introduction of new technologies like embedded finance and further integration of credit cards into digital wallets. Maintaining a balance between profitability and consumer protection will be a key challenge for all market participants in the years ahead. Recent developments include: March 2024: HSBC Holdings successfully concluded the sale of its Canadian unit, HSBC Bank Canada, to Royal Bank of Canada (RBC) for a total transaction value of CAD 13.5 billion (equivalent to USD 9.96 billion)., January 2023: Desjardins Group, North America's largest financial cooperative, announced its intention to shift its credit card processing operations to Finserv Inc. Finserv, a prominent global player in payments and financial services technology, will consolidate Desjardins' management of various card portfolios, including consumer, commercial, prepaid, and business lines of credit, onto a unified platform. This move is expected to generate synergies, enabling Desjardins to introduce enhanced offerings for both its consumer members and business clients.. Key drivers for this market are: Usage of Credit Card and Bonus and Reward Points Associated, Easy Re-payment Option such as EMI. Potential restraints include: Usage of Credit Card and Bonus and Reward Points Associated, Easy Re-payment Option such as EMI. Notable trends are: Offers and Discounts are Steadily Increasing the Usage of Credit Cards.