The two biggest credit card issuers in the United States generated more than ********* of the overall market's purchase volume in 2023. (JPMorgan) Chase led the ranking for several years in a row, reaching a purchase volume of *** trillion U.S. dollars during that year. The bank also ranked as the top merchant acquirer in the United States. American Express, or AmEx, followed closely, with a purchase volume of slightly over *** trillion U.S. dollars.

The statistic shows the leading credit card issuers in the United States in 2018, by purchase volume. American Express led the ranking in that year, with credit card purchase volume amounting to ****** billion U.S. dollars.

Credit cards in the United States

The concept of using a card for purchases has its roots in the early 19th century, but it was sometime after that in the ***** that the first credit card was used in the United States. Its uses back then were restricted to the selling of fuel to the growing number of automobile users as the country’s economy boomed.

Credit card adoption levels were very high in the United States, United Kingdom and Canada at the beginning of the **** century but the cash-orientated nature of the consumer meant that usage rates were relatively low. Today this is no longer the case and card ownership rates as well as purchase volumes have been showing an upward trend.

The main benefits that credit cards supply to customers is that of convenience, they allow the consumer to take out forms of short-term loans, allowing them to pay freely without having to calculate the remaining balance before a transaction is carried out, providing of course they do not exceed the maximum credit line.

Credit cards also have a number of disadvantages to consumers - these are well known. The modern practice of living beyond our means and factors compelling us to making purchases we can ill afford are part of the reason for the suffering resulting from the 2008 global financial crisis, credit cards are the embodiment of this practice. Often banks provide low introductory rates, limited to a fixed term, after which they increase. This can cause the credit card holder to get into financial difficulty and more debt.

The main issues of commercial cards for small business in the United States in 2024 was JPMorgan Chase. In 2020, JPMorgan Chase lost this position when its purchase volume decreased to around *** billion U.S. dollars in 2020, while Bank of America purchase value increased that year, up to around *** billion U.S. dollars. As of 2024, JPMorgan Chase's purchase volume has increased to approximately ****** billion U.S. dollars, while Bank of America's has risen to about ****** billion U.S. dollars.

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.

Visa's U.S. market share increased during the coronavirus pandemic, mostly as Americans used more debit cards. This is according to estimates based on the transaction volume of general purpose credit and debit cards issued in the United States. Visa's market share strengthened as time went by, moving from a roughly ** percent market share in 2007 to more than ** percent by 2022. This is likely because of the growing use of debit cards in the U.S. — causing the market share of American Express to decline. Debit cards grow faster than credit cards in the U.S. The number of cards issued by Visa reveals a growth disparity between their debit cards and their credit cards. The number of Visa issued debit cards in circulation in the U.S. in Q2 2023 had increased by *** percent when compared to the same period in the previous year. This growth figure was *** percent for U.S. Visa issued credit cards during the same period. By the second quarter, the United States had over *** million debit cards from Visa against roughly *** million Visa credit cards. Who uses debit cards in the United States? A three-year survey stated more than ***** out of 10 respondents from the United States owned a debit card in 2021, with only ** percent actually having used one. Women were much more likely than men to own such a payment card. Gen Z — or the age group 15 to 24 years in this survey — was less likely to own a debit card than their older counterparts, although their ownership of debit cards was much higher when compared to Gen Z credit card ownership.

Israel Credit Cards Transactions: Volume: ow Credit Card Companies Responsibility data was reported at 77,826,788.000 Unit in Jun 2018. This records an increase from the previous number of 74,695,544.000 Unit for Mar 2018. Israel Credit Cards Transactions: Volume: ow Credit Card Companies Responsibility data is updated quarterly, averaging 61,177,453.500 Unit from Mar 2014 (Median) to Jun 2018, with 18 observations. The data reached an all-time high of 77,826,788.000 Unit in Jun 2018 and a record low of 48,023,072.000 Unit in Mar 2014. Israel Credit Cards Transactions: Volume: ow Credit Card Companies Responsibility 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.

The Credit Card Issuance industry has contracted as the number of cards issued and balances accruing interest have fallen. Issuers have faced significant competition from other forms of payment like debit cards and BNPL services. The monthly value of debit card transactions has continued to surpass the monthly value of credit card transactions thanks to initiatives like the Reserve Bank of Australia's (RBA) least-cost routing initiative. BNPL services have also gained popularity with younger consumers who constitute a significant market for online sellers. That's why revenue is set to weaken by an annualised 5.3% over the five years through 2024-25, to $7.6 billion. To compete with sophisticated competition, credit card issuers have beefed up their reward and referral programs and integrated online payment, service and customer acquisition platforms into their operations. The Big Four banks dominate the industry and NAB's acquisition of Citigroup's Australian consumer banking business has expanded its collective market share. Economic conditions tied to inflationary pressures have ravaged consumer sentiment and appetites for spending through credit. Some customers have opted to pay down debt instead and have avoided taking on more. A sharp climb in interest rates over the past few years has compounded this dynamic, which is set to constrain industry performance in 2024-25, with revenue declining by an anticipated 0.9%. Credit card issuers' performance will improve over the coming years as economic conditions recover. Credit card issuance revenue is projected to expand at an annualised 2.0% through the end of 2029-30, to total $8.4 billion. The RBA is forecast to slash the cash rate once inflation falls within the central banks' target band, lifting credit card issuer profit margins as funding costs drop. Alternative payment methods, like BNPL services, debit transactions and other fintech solutions, are on track to sap away demand for credit cards. However, easing inflationary pressures and lower interest rates over the medium term are set to spur household consumption expenditure and credit card use. In response to the fierce competition, issuers will emphasise innovation and enhance their rewards and points systems to entice consumers.

The number of transactions involving Slovenian credit cards outside the country was **************less than the same transactions involving debit cards. This is according to domestic central bank information, either from a domestic survey or requested from local card issuers. These figures were then gathered by Statista and converted into billions to allow comparisons between different countries. Card breakdowns are not available in all countries, oftentimes relying on survey information and largely focusing on retail payments.

Credit Card Market Outlook

According to our latest research, the global credit card market size reached USD 520.4 billion in 2024, reflecting robust expansion fueled by digital transformation and evolving consumer preferences. The market is poised to grow at a CAGR of 7.8% from 2025 to 2033, with the total value projected to reach USD 1,031.6 billion by 2033. This remarkable growth is primarily attributable to advancements in payment technologies, increased financial inclusion, and the proliferation of e-commerce platforms worldwide. As per our most recent analysis, the credit card market continues to be shaped by the convergence of fintech innovation, regulatory shifts, and changing consumer behaviors, positioning it as a cornerstone of the global payments industry.

One of the foremost growth factors driving the credit card market is the accelerated adoption of digital payment solutions across both developed and emerging economies. The proliferation of smartphones, combined with the increasing penetration of high-speed internet, has fundamentally changed how consumers approach payments, shifting preferences away from cash toward card-based and contactless transactions. The integration of advanced security features such as EMV chips, tokenization, and biometric authentication has further bolstered consumer confidence in using credit cards for both in-store and online purchases. Additionally, the growing popularity of rewards programs, cashback offers, and loyalty incentives provided by card issuers has played a pivotal role in attracting new users and encouraging higher transaction volumes, thereby fueling overall market expansion.

Another significant growth driver is the rising trend of financial inclusion, especially in emerging markets across Asia Pacific, Latin America, and parts of Africa. Governments and financial institutions have been actively promoting credit card issuance as a means to bring unbanked and underbanked populations into the formal financial ecosystem. Innovative partnerships between banks, non-banking financial companies (NBFCs), and fintech firms have resulted in tailored credit card products that cater to diverse consumer segments, including those with limited credit histories. Furthermore, the increasing acceptance of credit cards by small and medium enterprises (SMEs) and the expansion of payment infrastructure in rural and semi-urban areas have contributed to the market’s upward trajectory, making credit cards a mainstream financial instrument worldwide.

The credit card market is also witnessing significant growth due to the rapid expansion of e-commerce and digital marketplaces. As consumers increasingly prefer online shopping for convenience, safety, and a broader range of options, credit cards have emerged as the preferred mode of payment for online transactions. This trend has been amplified by the COVID-19 pandemic, which accelerated digital adoption and reinforced the importance of contactless and remote payment solutions. Card providers and issuers are responding by introducing virtual cards, enhanced fraud protection, and seamless integration with digital wallets, further strengthening the position of credit cards in the global payments landscape. These developments, coupled with ongoing innovation in value-added services, are expected to sustain the market’s momentum over the forecast period.

From a regional perspective, North America continues to lead the global credit card market, accounting for a significant share of the total transaction value in 2024. The region’s dominance is underpinned by a mature financial infrastructure, widespread card acceptance, and a culture of credit-driven consumption. However, Asia Pacific is rapidly emerging as the fastest-growing region, driven by rising disposable incomes, urbanization, and government initiatives to promote cashless economies. Europe and Latin America also present promising growth opportunities, supported by regulatory harmonization and increasing consumer awareness. Meanwhile, the Middle East & Africa region is gradually catching up, with ongoing investments in payment infrastructure and fintech innovation paving the way for future expansion.

Card Type Analysis

The credit card market is segmented by card type into general purpose credit cards and specialty & other credit cards, each catering to distinct consumer needs and spending patterns. General purpose credit cards dominate the segment, accounting for a substantial p

The number of transactions involving U.S. credit cards in a business situation was around *** billion higher than transactions involving debit cards. This is according to domestic central bank information, either from a domestic survey or requested from local card issuers. These figures were then gathered by Statista and converted into billions to allow comparisons between different countries. Card breakdowns are not available in all countries, oftentimes relying on survey information and largely focusing on retail payments.

The number of transactions involving Danish credit cards in the country was ************* less than the number of similar transactions involving debit cards. This is according to domestic central bank information, either from a domestic survey or requested from local card issuers. These figures were then gathered by Statista and converted into billions to allow comparisons between different countries. Card breakdowns are not available in all countries, oftentimes relying on survey information and largely focusing on retail payments.

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.

About one out of four of all Mastercard credit cards issued worldwide were found within the United States, as of the second 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.

The monthly card payment statistics provide data in relation to credit and debit card transactions undertaken by Irish resident households. The data includes the monthly value and volume of transactions across both credit and debit cards by Irish households. The data is collected from issuers of credit and debit cards and specifically from reporting agents that are resident in Ireland (including established foreign branches). The aggregate data is further broken down into, remote and non-remote card spending; contactless and mobile wallet card spending; sectoral card spending; domestic and non-domestic card spending; regional card spending in Ireland; and cash withdrawals. A breakdown of the number of credit & debit cards currently issued to Irish residents is also provided. Scope: Only Personal Cards are in scope for reporting, business cards and cards issued to non-Irish residents are not in scope. The reporting instructions in the Landing page link has descriptive details about the table and the column names used in data collection

Provide the bank with credit card number, transaction volume, delinquency ratio, and bad debt turnover information.

The number of transactions involving U.S. credit cards outside the country was around *** billion less than transactions involving debit cards. This is according to domestic central bank information, either from a domestic survey or requested from local card issuers. These figures were then gathered by Statista and converted into billions to allow comparisons between different countries. Card breakdowns are not available in all countries, oftentimes relying on survey information and largely focusing on retail payments. For example, more than **** in ten digital buyers in the U.S. buy online from abroad.

Visa and Mastercard had varying market shares across 14 different European countries in 2024, sometimes significantly lower than domestic payment cards. Visa was the largest card issuer in Ireland, with a market share of ** percent. Mastercard, on the other hand, held market shares of ** percent and ** percent in the Netherlands and Sweden, respectively. Unlike the United States, Visa and Mastercard are often associated with debit cards in Europe. Indeed, debit card use is more prevalent than the use of credit cards in Europe, as revealed by estimates on credit cards and debit cards per capita in 37 European countries. Visa is Europe’s biggest payment brand... Across all considered European payment figures, Visa outperforms MasterCard. For instance, credit cards and prepaid cards issued across the European continent were used for nearly ** billion transactions in 2019. Nearly ** percent of all these transactions were done with Visa general purpose cards, while MasterCard made up for ** percent of the market. In 2018, Visa also had a higher purchase volume in Europe than MasterCard, Amex, and Diners combined. Visa made up for *** trillion of the ***** trillion U.S. dollars that credit cards, debit cards, and prepaid cards generated that year in Europe. ... but in name only, as Europe’s payment landscape is complicated. When looking at European countries individually, however, the market shares of Visa and MasterCard varied dramatically. In Germany, for example, the domestic card brand Girocard had a market share of ** percent, whereas Visa and MasterCard each made up around ** and ** percent of the market. Italy, on the other hand, was more divided. Bancomat cards made up ** percent of transactions, whereas MasterCard and Visa each held a market share of approximately ** and ** percent. Market shares for either Visa or MasterCard are not readily available in France as the term “bank card” or carte bancaires (derived from the domestic payment brand CB) is not associated with a particular brand in French language, as can be seen in a domestic survey on the most preferred payment methods in France.

The statistic shows the leading credit card issuers in Australia in 2015, by purchase volume. Commonwealth Bank led the ranking in 2015, with credit card purchase volume amounting to ***** billion U.S. dollars.

Credit Card Machine Terminal Sales Market Outlook

The global credit card machine terminal sales market size was valued at $15.8 billion in 2023 and is projected to reach $27.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.4%. This growth is driven by the increasing adoption of digital payment solutions and the steady rise in the number of transactions conducted via credit card machines. The surge in e-commerce activities and the need for secure payment processing are significant factors pushing the market upward.

One of the primary growth factors is the rapid shift towards a cashless economy. Governments and financial institutions worldwide are promoting digital transactions to enhance financial inclusion and reduce the risks associated with cash handling. This shift is particularly evident in developing economies, where digital payment infrastructure is being rapidly developed and enhanced. The proliferation of smartphones and mobile internet has further accelerated this trend, making it easier for consumers and businesses alike to adopt credit card machines.

Another driving force is the technological advancements in payment processing solutions. Innovations such as contactless payments, Near Field Communication (NFC), and the integration of Artificial Intelligence (AI) in fraud detection have made credit card machines more secure and efficient. These technological enhancements not only improve transaction speed and convenience but also boost consumer confidence in digital payment methods. The ability to process payments quickly and securely is especially crucial in high-volume retail environments.

Moreover, the COVID-19 pandemic has significantly influenced consumer behavior towards contactless payments. As social distancing became a priority, businesses and consumers alike turned to contactless payment methods to minimize physical contact. This trend has continued even post-pandemic, as consumers have become accustomed to the convenience and safety of contactless transactions. As a result, the demand for credit card machines, particularly those that support contactless payments, has seen a substantial increase.

The increasing popularity of Contactless Payment Terminals is reshaping the landscape of digital transactions. These terminals, which utilize technologies like NFC, allow consumers to make payments by simply tapping their cards or mobile devices, enhancing the speed and convenience of transactions. The shift towards contactless payments has been accelerated by the pandemic, as consumers and businesses alike seek safer, touch-free payment options. This trend is particularly prominent in sectors such as retail and hospitality, where quick and efficient service is paramount. As the demand for contactless solutions grows, businesses are investing in upgrading their payment infrastructure to support these modern terminals, ensuring they can meet consumer expectations for fast and secure transactions.

From a regional perspective, North America currently holds the largest market share, driven by high consumer adoption rates and advanced payment infrastructure. However, Asia Pacific is anticipated to witness the highest growth rate due to the rapid urbanization, growing middle class, and increasing internet penetration in countries like China and India. Europe also shows significant potential, especially with the implementation of the Revised Payment Services Directive (PSD2) which aims to make payments more secure and competitive.

Product Type Analysis

The credit card machine terminal market is segmented by product type into fixed terminals, mobile terminals, and virtual terminals. Each of these segments caters to different business needs and operational environments, thus influencing their adoption rates and market demand. Fixed terminals have traditionally dominated the market due to their reliability and robustness, especially in high-transaction environments such as supermarkets and retail chains. These terminals are favored for their ability to process large volumes of transactions efficiently and securely.

Mobile terminals are gaining traction due to their portability and flexibility, making them ideal for small businesses, pop-up shops, and service providers who need to process payments on the go. The rise of the gig economy and mobile businesses, such as food trucks and market stalls, has significantly contributed to the growth of mobile terminals. These

Charge Card Market Outlook

According to our latest research, the global charge card market size reached USD 1.57 trillion in 2024, reflecting a robust expansion fueled by evolving consumer preferences and digital payment adoption. The market is projected to grow at a CAGR of 8.4% from 2025 to 2033, reaching an estimated USD 3.23 trillion by 2033. This growth is primarily driven by the increasing demand for seamless, secure, and flexible payment solutions across both consumer and business segments. Enhanced digital infrastructure, rising global travel, and a shift toward cashless transactions are further accelerating market momentum.

A key growth driver for the charge card market is the accelerating pace of digital transformation in the financial services sector. The proliferation of smartphones and the expansion of internet connectivity have enabled a broader demographic to access charge card services. Financial institutions and fintech companies are leveraging advanced technologies such as artificial intelligence, machine learning, and blockchain to enhance card security, streamline onboarding processes, and deliver personalized customer experiences. This technological evolution is not only making charge card offerings more attractive but is also reducing operational costs for providers, thereby supporting market expansion. Furthermore, the integration of charge cards with digital wallets and mobile payment platforms is facilitating greater convenience and accessibility, making them a preferred payment method for both online and offline transactions.

Another significant factor propelling the charge card market is the increasing globalization of commerce and travel. As businesses expand internationally and consumers travel more frequently, the demand for versatile payment solutions that offer global acceptance and robust rewards programs has surged. Charge cards, with their inherent features such as no pre-set spending limits, comprehensive travel insurance, and exclusive perks, are particularly appealing to frequent travelers and multinational corporations. Additionally, the growth of e-commerce and cross-border trade has heightened the need for secure and efficient payment mechanisms, further boosting charge card adoption. Strategic partnerships between card issuers and global merchants, airlines, and hospitality providers are also enhancing the value proposition of charge cards, driving higher usage rates across diverse customer segments.

Regulatory support and evolving consumer attitudes toward credit and financial management are further supporting the growth of the charge card market. Governments and regulatory bodies in major economies are implementing policies to promote cashless transactions, improve financial inclusion, and enhance payment security. These initiatives are encouraging both consumers and businesses to adopt charge cards as a reliable alternative to traditional payment methods. At the same time, growing financial literacy and awareness about the benefits of charge cards—such as improved expense management, detailed transaction tracking, and attractive rewards—are influencing positive shifts in consumer behavior. The market is also witnessing increased competition among issuers, leading to innovation in card features, reward structures, and customer service, all of which contribute to sustained market growth.

From a regional perspective, North America remains the largest and most mature market for charge cards, accounting for a significant share of global transaction volume. The region's advanced financial infrastructure, high consumer spending power, and widespread acceptance of digital payments underpin its dominance. Meanwhile, the Asia Pacific region is emerging as the fastest-growing market, driven by rapid urbanization, rising middle-class incomes, and government initiatives to promote digital payments. Europe continues to see steady growth, supported by robust regulatory frameworks and high levels of financial inclusion. Latin America and the Middle East & Africa are also witnessing increased charge card adoption, albeit from a lower base, as financial institutions invest in expanding their payment networks and enhancing cardholder benefits.

Type Analysis

The charge card market is segmented by type into Personal Charge Cards, Corporate Charge Cards, Small Business Charge Cards, and Others, each catering to distinct user needs and preferences. Personal charge cards dominate the market,