When it comes to credit card users in the United States, ** 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 ** 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 ********* 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.

Canada was one of three countries worldwide in 2021, where credit card ownership among consumers 15 years and up was over ** percent. This according to a major survey held once every three years in over 140 different countries. The results highlight the major differences in how countries prefer to pay: In Europe, for instance, the Nordics, Luxembourg, and the United Kingdom are regarded as top credit card countries, whereas the Netherlands ranked significantly lower than all these countries. Credit card usage Cardholders use their credit cards for billions of purchase transactions per year. Some do this to avoid carrying cash around, while others carry out transactions. Many also use credit cards because they do not have to pay immediately. While this can help with monthly cash flow issues, it can also lead to credit card debt that can take years to pay off. Regional differences in credit cards Some counties have a culture of credit card usage. For example, the leading credit card companies in the United States have issued hundreds of millions of credit cards, more than the number of U.S. citizens. Other countries do not have the culture of non-cash transactions. Overcoming this requires both an investment in payment infrastructure and putting people in the habit of using cards instead of cash.

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.

The average for 2021 based on 36 countries was 46.87 percent. The highest value was in Canada: 82.74 percent and the lowest value was in Lithuania: 11.89 percent. The indicator is available from 2011 to 2021. Below is a chart for all countries where data are available.

Daily, weekly and monthly data showing seasonally adjusted and non-seasonally adjusted UK spending using debit and credit cards. These are official statistics in development. Source: CHAPS, Bank of England.

The number of credit cards in use in India 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 ***** million 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).

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.

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.

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.

The statistics table of the proportion of revolving credit card users of different genders to the total number of credit card users in circulation (Financial Information Service Co., Ltd.).

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.

Statistics Table on the Proportion of Revolving Credit Card Users in Different Age Groups to the Total Number of Cardholders (Financial Joint Credit Information Center)

India Cards: Value: Credit Card: Usage at POS data was reported at 714,730.077 INR mn in Mar 2025. This records an increase from the previous number of 621,249.131 INR mn for Feb 2025. India Cards: Value: Credit Card: Usage at POS data is updated monthly, averaging 150,620.000 INR mn from Apr 2004 (Median) to Mar 2025, with 252 observations. The data reached an all-time high of 792,928.079 INR mn in Oct 2024 and a record low of 18,290.000 INR mn in Apr 2004. India Cards: Value: 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.

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

Israel Number of Credit Cards in Use: ow Banks Guarantee data was reported at 5,814,819.000 Unit in Jun 2018. This records an increase from the previous number of 5,783,400.000 Unit for Mar 2018. Israel Number of Credit Cards in Use: ow Banks Guarantee data is updated quarterly, averaging 5,497,478.000 Unit from Sep 2014 (Median) to Jun 2018, with 16 observations. The data reached an all-time high of 5,814,819.000 Unit in Jun 2018 and a record low of 5,036,306.000 Unit in Sep 2014. Israel Number of Credit Cards in Use: ow Banks Guarantee 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.

This statistic present the number of credit card holders in the United States from 2000 to 2010 and a forecast thereof for 2018, by type of credit card. There were 100 million Visa credit card holders in the United States in 2010 and this number was predicted to increase to *** million in 2018.

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.

Bangladesh: Percent of people aged 15+ who have a credit card: The latest value from 2021 is 0.62 percent, an increase from 0.2 percent in 2017. In comparison, the world average is 22.26 percent, based on data from 121 countries. Historically, the average for Bangladesh from 2011 to 2021 is 0.53 percent. The minimum value, 0.2 percent, was reached in 2017 while the maximum of 0.95 percent was recorded in 2011.

Graph and download economic data for Large Bank Consumer Credit Card Balances: Share of Accounts Making the Minimum Payment (RCCCBSHRMIN) from Q3 2012 to Q1 2025 about shares, accounts, FR Y-14M, payments, consumer credit, large, balance, loans, consumer, banks, depository institutions, and USA.