When it comes to credit card users in the United States, 42 percent of 18 - 29 year olds do so in the U.S. This is according to exclusive insights from the Consumer Insights Global survey which shows that 49 percent of 30 - 49 year old consumers also fall into this category.Statista Consumer Insights offer you all results of our exclusive Statista surveys, based on more than 2,000,000 interviews.

Introduction

Credit Card Statistics: A credit card is a widely used financial tool that allows consumers to make purchases or withdraw cash on credit, accruing debt to be repaid later. As of Q4 2024, Americans held approximately USD 1.21 trillion in credit card debt, marking a 4% increase from the previous year. The average credit card balance per consumer reached USD 6,730, up by 3.5% from 2023.

In the same period, the number of credit card accounts in the U.S. rose to about 617 million. Globally, Visa and Mastercard have approximately 1.3 billion and 1.1 billion credit cards in circulation, respectively. Credit cards accounted for 32% of all payment transactions in 2023, reflecting their significant role in consumer spending. However, 22% of credit card users make only minimum payments, indicating potential financial strain. Additionally, credit card delinquency rates rose to 3.6% in Q4 2024, highlighting challenges in debt repayment. These statistics underscore the importance of responsible credit card usage and financial management.

Credit cards also allow customers to build a debt balance that is related to the interest being charged. Let’s shed more light on “Credit Card Statistics†through this article.

Credit cards were ***** as less likely to be used by younger consumer in 2024 than their older counterparts. This is according to a survey held in 14 different countries across North America, Europe, and Latin America. The share of users among Gen Z respondents in the survey - ages 18 to 27 years old - were significantly lower than the other age groups, with Millennials being slightly below average. Credit cards did, however, rank as the second-most used payment method among Gen Z in travel, behind debit cards.

The Credit Card Statistics provide data in relation to monthly credit card transactions. A breakdown of the number of credit cards issued to Irish residents is also provided.

Credit Card Transaction: Quarterly: Volume data was reported at 9,502.716 Unit mn in Jun 2022. This records an increase from the previous number of 9,301.651 Unit mn for Mar 2022. Credit Card Transaction: Quarterly: Volume data is updated quarterly, averaging 6,627.430 Unit mn from Mar 2019 (Median) to Jun 2022, with 14 observations. The data reached an all-time high of 9,502.716 Unit mn in Jun 2022 and a record low of 4,705.638 Unit mn in Jun 2020. Credit Card Transaction: Quarterly: Volume data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.KAA001: Credit Card Statistics.

Pre Paid Card Transaction: Quarterly: Value data was reported at 85.638 BRL bn in Dec 2024. This records an increase from the previous number of 78.532 BRL bn for Sep 2024. Pre Paid Card Transaction: Quarterly: Value data is updated quarterly, averaging 42.981 BRL bn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 85.638 BRL bn in Dec 2024 and a record low of 5.019 BRL bn in Mar 2019. Pre Paid Card Transaction: Quarterly: Value data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.KAA001: Credit Card Statistics.

About one out of four of all Mastercard credit cards issued worldwide were found within the United States, as of the first quarter of 2025. The value inside the U.S. grew noticeably over the past few years. By mid-2023, the number of credit cards issued in the United States grew by more than ** million when compared to the same period in 2022. Compared to Visa credit cards, Mastercard is issued relatively more often outside the U.S. than inside the country. Mastercard in the United States A sizable share of Americans use Mastercard credit cards regularly. Mastercard and Visa dominate the purchase card market, both in the United States and worldwide. Other leading credit card companies are Chase, American Express and Discovery. Credit card market One way that credit card companies earn money is by collecting a fee. These fees include interest on balances and transaction fees, both of which depend on the number of purchase transactions.

Predict revenue surprises, track market share, and compare performance metrics for thousands of companies based on anonymized debit and credit card data of millions of US households. Orion data is sourced from a variety of US financial institutions with broad geographic and demographic representation, combined to create one of the most comprehensive and accurate views of the consumer economy. AI-powered earnings predictions available for over 450 tickers on this dataset through EarnestAI Reported Metric Predictions.

Number of Credit Cards in Use: ow Domestic Card data was reported at 2,603,968.000 Unit in Mar 2018. This records an increase from the previous number of 2,462,113.000 Unit for Dec 2017. Number of Credit Cards in Use: ow Domestic Card data is updated quarterly, averaging 2,381,963.000 Unit from Sep 2014 (Median) to Mar 2018, with 15 observations. The data reached an all-time high of 2,603,968.000 Unit in Mar 2018 and a record low of 2,193,556.000 Unit in Dec 2015. Number of Credit Cards in Use: ow Domestic Card data remains active status in CEIC and is reported by Bank of Israel. The data is categorized under Global Database’s Israel – Table IL.KA007: Credit Card Statistics.

India Cards: Volume: Credit Card: Usage at POS data was reported at 230.266 Unit mn in Mar 2025. This records an increase from the previous number of 199.996 Unit mn for Feb 2025. India Cards: Volume: Credit Card: Usage at POS data is updated monthly, averaging 48.909 Unit mn from Apr 2004 (Median) to Mar 2025, with 252 observations. The data reached an all-time high of 230.266 Unit mn in Mar 2025 and a record low of 9.570 Unit mn in Apr 2004. India Cards: Volume: Credit Card: Usage at POS data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Monetary – Table IN.KAI012: Card Payments.

Daily Card Payments by Irish Households. A subset of the monthly Card Payment Statistics. The onset of the Covid-19 pandemic created the need for timely, high-frequency data, such as the Daily Credit and Debit Card Statistics, to better understand the impact of the pandemic on personal expenditure and economic activity. This high-frequency daily Credit and Debit Data captures expenditure of euro-denominated credit and debit cards issued to Irish residents. The dataset consists of total daily debit and credit card spending and ATM withdrawals, while from 1 October 2020, expenditure in a number of key sectors of the economy, and a split of online and in-store spending is also available.

Israel Number of Credit Cards in Use data was reported at 8,443,559.000 Unit in Mar 2018. This records an increase from the previous number of 8,271,394.000 Unit for Dec 2017. Israel Number of Credit Cards in Use data is updated quarterly, averaging 7,747,530.000 Unit from Sep 2014 (Median) to Mar 2018, with 15 observations. The data reached an all-time high of 8,443,559.000 Unit in Mar 2018 and a record low of 7,070,462.000 Unit in Sep 2014. Israel Number of Credit Cards in Use data remains active status in CEIC and is reported by Bank of Israel. The data is categorized under Global Database’s Israel – Table IL.KA007: Credit Card Statistics.

Envestnet®| Yodlee®'s Credit Card 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

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China Credit Card Payable Credit data was reported at 8,710.000 RMB bn in Dec 2024. This records an increase from the previous number of 8,610.000 RMB bn for Sep 2024. China Credit Card Payable Credit data is updated quarterly, averaging 3,675.000 RMB bn from Mar 2008 (Median) to Dec 2024, with 68 observations. The data reached an all-time high of 8,760.000 RMB bn in Sep 2022 and a record low of 88.410 RMB bn in Mar 2008. China Credit Card Payable Credit data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money and Banking – Table CN.KC: Bank Card Statistics.

Credit Card Accounts in the United States increased to 631.39 Million in the first quarter of 2025 from 617.41 Million in the fourth quarter of 2024. This dataset includes a chart with historical data for the United States Credit Card Accounts.

Number of Credit Cards Issued: Bank Affiliated: Personal data was reported at 60,429.000 Unit th in Aug 2018. This records an increase from the previous number of 60,073.000 Unit th for Jul 2018. Number of Credit Cards Issued: Bank Affiliated: Personal data is updated monthly, averaging 58,217.000 Unit th from Jan 2003 (Median) to Aug 2018, with 188 observations. The data reached an all-time high of 77,231.000 Unit th in Jun 2011 and a record low of 0.000 Unit th in Nov 2003. Number of Credit Cards Issued: Bank Affiliated: Personal data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.KA012: Credit Card Statistics: The Bank of Korea.

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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

Israel Number of Credit Cards not in Use data was reported at 2,402,317.000 Unit in Mar 2018. This records an increase from the previous number of 2,284,837.000 Unit for Dec 2017. Israel Number of Credit Cards not in Use data is updated quarterly, averaging 2,122,150.000 Unit from Sep 2014 (Median) to Mar 2018, with 15 observations. The data reached an all-time high of 2,402,317.000 Unit in Mar 2018 and a record low of 1,730,188.000 Unit in Sep 2014. Israel Number of Credit Cards not in Use data remains active status in CEIC and is reported by Bank of Israel. The data is categorized under Global Database’s Israel – Table IL.KA007: Credit Card Statistics.

Credit Card: Amount of Transactions: Value: ATM: ICICI Bank Limited data was reported at 151.248 INR mn in Aug 2018. This records an increase from the previous number of 146.405 INR mn for Jul 2018. Credit Card: Amount of Transactions: Value: ATM: ICICI Bank Limited data is updated monthly, averaging 70.338 INR mn from Apr 2011 (Median) to Aug 2018, with 89 observations. The data reached an all-time high of 151.248 INR mn in Aug 2018 and a record low of 30.000 INR mn in Jun 2013. Credit Card: Amount of Transactions: Value: ATM: ICICI Bank Limited data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Monetary – Table IN.KAI016: Credit Card Statistics: by Bankwise.

Thailand Credit Card: Spending Value: Abroad Usage: Commercial Banks data was reported at 9,943.610 THB mn in Oct 2018. This records an increase from the previous number of 7,642.330 THB mn for Sep 2018. Thailand Credit Card: Spending Value: Abroad Usage: Commercial Banks data is updated monthly, averaging 6,463.465 THB mn from Jan 2012 (Median) to Oct 2018, with 82 observations. The data reached an all-time high of 10,157.640 THB mn in Apr 2018 and a record low of 2,219.460 THB mn in Jan 2012. Thailand Credit Card: Spending Value: Abroad Usage: Commercial Banks data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.KA012: Credit Card Statistics.