The market size for credit cards in the United States grew by over *** percent between 2022 and 2023, a continuation of previous years. This according to estimates from on the value of transactions conducted with cards with a credit function. Credit cards are the most popular payment method available in the country for several years in a row, with a market share that slightly increased during the first year of COVID-19. The United States' credit card penetration is forecast to reach more than ** percent come 2025.

The number of credit cards in use in the United States was forecast to continuously increase between 2024 and 2029 by in total ** million cards (+**** percent). After the fifteenth consecutive increasing year, the number is estimated to reach *** billion cards and therefore a new peak in 2029. Notably, the number of credit cards in use of was continuously increasing over the past years.Shown is the estimated number of credit cards currently in use.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 *** 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).

Consumer Credit in the United States decreased to 5.10 USD Billion in May from 16.87 USD Billion in April of 2025. This dataset provides the latest reported value for - United States Consumer Credit Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States Retail Sales Nowcast: sa: YoY: Contribution: Payment System: Consumer Spending: Credit Card Transactions: Miscellaneous Store Retailers: Median data was reported at 0.045 % in 06 May 2024. This records an increase from the previous number of 0.021 % for 29 Apr 2024. United States Retail Sales Nowcast: sa: YoY: Contribution: Payment System: Consumer Spending: Credit Card Transactions: Miscellaneous Store Retailers: Median data is updated weekly, averaging 0.003 % from Nov 2020 (Median) to 06 May 2024, with 181 observations. The data reached an all-time high of 1.902 % in 28 Nov 2022 and a record low of 0.000 % in 08 Jan 2024. United States Retail Sales Nowcast: sa: YoY: Contribution: Payment System: Consumer Spending: Credit Card Transactions: Miscellaneous Store Retailers: Median data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Retail Sales.

United States Retail Sales Nowcast: sa: YoY: Contribution: Payment System: Consumer Spending: Credit Card Transactions: Health & Personal Care: Median data was reported at 2.228 % in 06 May 2024. This records a decrease from the previous number of 2.253 % for 29 Apr 2024. United States Retail Sales Nowcast: sa: YoY: Contribution: Payment System: Consumer Spending: Credit Card Transactions: Health & Personal Care: Median data is updated weekly, averaging 0.012 % from Nov 2020 (Median) to 06 May 2024, with 181 observations. The data reached an all-time high of 3.429 % in 09 Jan 2023 and a record low of 0.000 % in 12 Feb 2024. United States Retail Sales Nowcast: sa: YoY: Contribution: Payment System: Consumer Spending: Credit Card Transactions: Health & Personal Care: Median data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Retail Sales.

Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) from 2000-06-28 to 2025-07-23 about revolving, credit cards, loans, consumer, banks, depository institutions, and USA.

The market size for debit cards in the United States grew by roughly ***** percent between 2020 and 2021, a slight deceleration compared to previous years. This according to estimates of the value of transactions conducted with cards with a debit function. Whilst not as popular as credit cards, debit cards do rank among the more popular payment methods available in the country for POS.

Credit card debt in the United States has been growing at a fast pace between 2021 and 2025. In the fourth quarter of 2024, the overall amount of credit card debt reached its highest value throughout the timeline considered here. COVID-19 had a big impact on the indebtedness of Americans, as credit card debt decreased from *** billion U.S. dollars in the last quarter of 2019 to *** billion U.S. dollars in the first quarter of 2021. What portion of Americans use credit cards? A substantial portion of Americans had at least one credit card in 2025. That year, the penetration rate of credit cards in the United States was ** percent. This number increased by nearly seven percentage points since 2014. The primary factors behind the high utilization of credit cards in the United States are a prevalent culture of convenience, a wide range of reward schemes, and consumer preferences for postponed payments. Which companies dominate the credit card issuing market? In 2024, the leading credit card issuers in the U.S. by volume were JPMorgan Chase & Co. and American Express. Both firms recorded transactions worth over one trillion U.S. dollars that year. Citi and Capital One were the next banks in that ranking, with the transactions made with their credit cards amounting to over half a trillion U.S. dollars that year. Those industry giants, along with other prominent brand names in the industry such as Bank of America, Synchrony Financial, Wells Fargo, and others, dominate the credit card market. Due to their extensive customer base, appealing rewards, and competitive offerings, they have gained a significant market share, making them the preferred choice for consumers.

BEA has been researching the use of card transaction data as an early barometer of spending in the United States. Since the emergence of COVID-19, dramatic and fast-moving changes to the U.S. economy have increased the public and policymakers' need for more frequent and timely economic data. In response, BEA is presenting these estimates using daily payment card data to measure the effects of the pandemic on spending, updated approximately every two weeks. Note that these payment card transactions are not necessarily representative of total spending in an industry and the data have other limitations, described below. The estimates in these charts and tables are not a substitute for BEA's monthly and quarterly official data, which are grounded in well-tested and proven methodologies. An event study methodology is used to estimate the difference (in percentage points) in spending from the typical level (relative to the day of week, month, and annual trends) prior to the pandemic declared by the World Health Organization on March 11, 2020.

Graph and download economic data for Visa Spending Momentum Index: Non-discretionary: United States (VISASMINSA) from Jan 2014 to Jun 2025 about expenditures, indexes, and USA.

Envestnet®| Yodlee®'s Bank Transaction Data (Aggregate/Row) Panels consist of de-identified, near-real time (T+1) USA credit/debit/ACH transaction level data – offering a wide view of the consumer activity ecosystem. The underlying data is sourced from end users leveraging the aggregation portion of the Envestnet®| Yodlee®'s financial technology platform.

Envestnet | Yodlee Consumer Panels (Aggregate/Row) include data relating to millions of transactions, including ticket size and merchant location. The dataset includes de-identified credit/debit card and bank transactions (such as a payroll deposit, account transfer, or mortgage payment). Our coverage offers insights into areas such as consumer, TMT, energy, REITs, internet, utilities, ecommerce, MBS, CMBS, equities, credit, commodities, FX, and corporate activity. We apply rigorous data science practices to deliver key KPIs daily that are focused, relevant, and ready to put into production.

We offer free trials. Our team is available to provide support for loading, validation, sample scripts, or other services you may need to generate insights from our data.

Investors, corporate researchers, and corporates can use our data to answer some key business questions such as: - How much are consumers spending with specific merchants/brands and how is that changing over time? - Is the share of consumer spend at a specific merchant increasing or decreasing? - How are consumers reacting to new products or services launched by merchants? - For loyal customers, how is the share of spend changing over time? - What is the company’s market share in a region for similar customers? - Is the company’s loyal user base increasing or decreasing? - Is the lifetime customer value increasing or decreasing?

Additional Use Cases: - Use spending data to analyze sales/revenue broadly (sector-wide) or granular (company-specific). Historically, our tracked consumer spend has correlated above 85% with company-reported data from thousands of firms. Users can sort and filter by many metrics and KPIs, such as sales and transaction growth rates and online or offline transactions, as well as view customer behavior within a geographic market at a state or city level. - Reveal cohort consumer behavior to decipher long-term behavioral consumer spending shifts. Measure market share, wallet share, loyalty, consumer lifetime value, retention, demographics, and more.) - Study the effects of inflation rates via such metrics as increased total spend, ticket size, and number of transactions. - Seek out alpha-generating signals or manage your business strategically with essential, aggregated transaction and spending data analytics.

Use Cases Categories (Our data provides an innumerable amount of use cases, and we look forward to working with new ones): 1. Market Research: Company Analysis, Company Valuation, Competitive Intelligence, Competitor Analysis, Competitor Analytics, Competitor Insights, Customer Data Enrichment, Customer Data Insights, Customer Data Intelligence, Demand Forecasting, Ecommerce Intelligence, Employee Pay Strategy, Employment Analytics, Job Income Analysis, Job Market Pricing, Marketing, Marketing Data Enrichment, Marketing Intelligence, Marketing Strategy, Payment History Analytics, Price Analysis, Pricing Analytics, Retail, Retail Analytics, Retail Intelligence, Retail POS Data Analysis, and Salary Benchmarking

1. Investment Research: Financial Services, Hedge Funds, Investing, Mergers & Acquisitions (M&A), Stock Picking, Venture Capital (VC)

2. Consumer Analysis: Consumer Data Enrichment, Consumer Intelligence

3. Market Data: AnalyticsB2C Data Enrichment, Bank Data Enrichment, Behavioral Analytics, Benchmarking, Customer Insights, Customer Intelligence, Data Enhancement, Data Enrichment, Data Intelligence, Data Modeling, Ecommerce Analysis, Ecommerce Data Enrichment, Economic Analysis, Financial Data Enrichment, Financial Intelligence, Local Economic Forecasting, Location-based Analytics, Market Analysis, Market Analytics, Market Intelligence, Market Potential Analysis, Market Research, Market Share Analysis, Sales, Sales Data Enrichment, Sales Enablement, Sales Insights, Sales Intelligence, Spending Analytics, Stock Market Predictions, and Trend Analysis

United States Retail Sales Nowcast: sa: YoY: Contribution: Payment System: Consumer Spending: Credit Card Transactions: Amusement, Gambling, & Recreation Industries: Median data was reported at 0.013 % in 06 May 2024. This records a decrease from the previous number of 0.035 % for 29 Apr 2024. United States Retail Sales Nowcast: sa: YoY: Contribution: Payment System: Consumer Spending: Credit Card Transactions: Amusement, Gambling, & Recreation Industries: Median data is updated weekly, averaging 0.003 % from Nov 2020 (Median) to 06 May 2024, with 181 observations. The data reached an all-time high of 1.132 % in 09 Jan 2023 and a record low of 0.000 % in 25 Dec 2023. United States Retail Sales Nowcast: sa: YoY: Contribution: Payment System: Consumer Spending: Credit Card Transactions: Amusement, Gambling, & Recreation Industries: Median data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Retail Sales.

In 2023, the ad spending of credit card services in the United States was the highest on television media, reaching a value of ****** million U.S. dollars. In contrast, newspaper ranked last across all considered media, only amounting to **** million U.S. dollars. Find further statistics regarding the U.S. advertising market like ad spending of schools, camps and seminars and ad spending of household appliance and furnishing stores.

More than **** of consumers in the United States pointed to one clear reason in 2024 why their credit cards had maxed out that year. A survey held by a personal finance firm in October 2024 named inflation as the most likely reason why consumers had reached their credit card spending limit, ahead of emergency expenses. The total credit card debt in the United States was over *** trillion U.S. dollars - up ** billion U.S. dollars between Q2 2024 and Q3 2024. The source adds that people who maxed out their cards were likely to fall into credit card delinquency.

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.

Snapshot img

Credit Card Payments Market Size 2025-2029

The credit card payments market size is forecast to increase by USD 181.9 billion, at a CAGR of 8.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing prevalence of online transactions. The digital shift in consumer behavior, fueled by the convenience and accessibility of e-commerce platforms, is leading to a surge in credit card payments. Another key trend shaping the market is the adoption of mobile biometrics for payment processing. This advanced technology offers enhanced security and ease of use, making it an attractive option for both consumers and merchants. However, the market also faces challenges. In developing economies, a lack of awareness and infrastructure for online payments presents a significant obstacle. Bridging the digital divide and educating consumers about the benefits and security of online transactions will be crucial for market expansion in these regions. Effective strategies, such as partnerships with local financial institutions and targeted marketing campaigns, can help overcome this challenge and unlock new opportunities for growth.

What will be the Size of the Credit Card Payments Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by advancements in technology and shifting consumer preferences. Payment optimization through EMV chip technology and payment authorization systems enhances security and streamlines transactions. Cross-border payments and chargeback prevention are crucial for businesses expanding globally. Ecommerce payment solutions, BNPL solutions, and mobile payments cater to the digital age, offering flexibility and convenience. Payment experience is paramount, with user interface design and alternative payment methods enhancing customer satisfaction. Merchant account services and payment gateway integration enable seamless transaction processing. Payment analytics and loyalty programs help businesses understand customer behavior and boost retention. Interchange fees, chargeback management, and dispute resolution are essential components of credit card processing. Data encryption and fraud detection ensure payment security. Multi-currency support and digital wallets cater to diverse customer needs. Customer support and subscription management are vital for maintaining positive relationships and managing recurring billing. Processing rates, settlement cycles, and PCI compliance are key considerations for businesses seeking efficient and cost-effective payment solutions. The ongoing integration of these elements shapes the dynamic and evolving credit card payments landscape.

How is this Credit Card Payments Industry segmented?

The credit card payments industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userConsumer or individualCommercialProduct TypeGeneral purpose credit cardsSpecialty credit cardsOthersApplicationFood and groceriesHealth and pharmacyRestaurants and barsConsumer electronicsOthersGeographyNorth AmericaUSCanadaEuropeGermanyUKAPACChinaIndiaJapanSouth KoreaSouth AmericaArgentinaBrazilRest of World (ROW).

By End-user Insights

The consumer or individual segment is estimated to witness significant growth during the forecast period.The market is a dynamic and evolving landscape that caters to businesses and consumers alike. Recurring billing enables merchants to automatically charge customers for goods or services on a regular basis, streamlining the payment process for both parties. EMV chip technology enhances payment security, reducing the risk of fraud. Payment optimization techniques help businesses minimize transaction costs and improve authorization rates. Cross-border payments facilitate international business, while chargeback prevention measures protect merchants from revenue loss due to disputed transactions. Ecommerce payment solutions provide convenience for consumers and merchants, with payment gateway integration ensuring seamless transactions. Rewards programs and buy now, pay later (BNPL) solutions incentivize consumer spending. Mobile payments and digital wallets offer flexibility and convenience. Merchants can accept various payment methods, including cryptocurrencies, and benefit from payment analytics and conversion rate optimization. Payment volume continues to grow, necessitating robust fraud detection systems and multi-currency support. Customer support is crucial for resolving disputes and addressing payment issues. Alternative payment methods cater to diverse consumer preferences. The payment experience is key

United States Retail Sales Nowcast: sa: YoY: Contribution: Payment System: Consumer Spending: Credit Card Transactions: Gasoline Stations: Median data was reported at 2.590 % in 06 May 2024. This records an increase from the previous number of 0.995 % for 29 Apr 2024. United States Retail Sales Nowcast: sa: YoY: Contribution: Payment System: Consumer Spending: Credit Card Transactions: Gasoline Stations: Median data is updated weekly, averaging 0.020 % from Nov 2020 (Median) to 06 May 2024, with 181 observations. The data reached an all-time high of 23.169 % in 31 May 2021 and a record low of 0.000 % in 25 Mar 2024. United States Retail Sales Nowcast: sa: YoY: Contribution: Payment System: Consumer Spending: Credit Card Transactions: Gasoline Stations: Median data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Retail Sales.

In the months following the global outbreak of the coronavirus (COVID-19) in January 2020, retail oriented online spend of consumers in the United States increased significantly. Based on online credit-card and debit card spending of individuals, as high as ********* of all sales was attributed to retail oriended purchases and spending. This was true especially in the months of November and December, the busiest retail season also referred as the 'golden quarter'.

Graph and download economic data for Sources of Revenue: Credit Card Income from Consumers for Credit Intermediation and Related Activities, All Establishments, Employer Firms (REVCICEF522ALLEST) from 2013 to 2022 about finance companies, intermediate, employer firms, consumer credit, credit cards, accounting, companies, revenue, finance, establishments, financial, loans, consumer, services, income, and USA.

In 2022, Bank of America spent ** million U.S. dollars on measured media advertising of its credit cards in the United States. In 2023, Bank of America was the most valuable banking brand in North America. Capital One made the largest ad spend on measured media, around *** million U.S. dollars.