Payment Card Issuance Statistics 2024 – Everything You Need to Know

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Are you looking to add Payment Card Issuance to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Payment Card Issuance statistics of 2024.

My team and I scanned the entire web and collected all the most useful Payment Card Issuance stats on this page. You don’t need to check any other resource on the web for any Payment Card Issuance statistics. All are here only 🙂

How much of an impact will Payment Card Issuance have on your day-to-day? or the day-to-day of your business? Should you invest in Payment Card Issuance? We will answer all your Payment Card Issuance related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Payment Card Issuance Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 238 Payment Card Issuance Statistics on this page 🙂

Payment Card Issuance Usage Statistics

  • Only 16% said they would revert to noncontactless payments after the pandemic.13 There was a slowdown in credit card usage in 2020 as pandemic related lockdowns meant there were fewer avenues for consumers to spend their money. [0]

Payment Card Issuance Market Statistics

  • The top 6 issuers of global brand and domesticmarket only credit and debit cards accounted for $1.238 trillion in purchase volume last year, equal to 42% of the total for the top 50. [1]
  • 1143 Top 150 Card Issuers Worldwide Issuers from the U.S. held a 40% market share among the top 150 portfolios worldwide. [1]
  • Visa held a 66% market share followed by Mastercard with 31%, Amex with 3%, and Diners Club with less than 1%. [1]
  • Jul 2011 – Issue 975 Middle East/Africa Purchase Volume in 2010 Visa brand cards held better than 60% of the market followed by MasterCard with a market share greater than 34%. [1]

Payment Card Issuance Latest Statistics

  • There were 51.1 million UK debit card holders in 2016, more than nine in ten adults (96%). [2]
  • Card payments made up 78.4% of all retail sales in the UK by the end of Q1, 2017. [2]
  • However, 2020 was the first year in which average credit card debt in the U.S. decreased down 14% from 2019. [2]
  • The volume of cash being used in the UK dropped by up to 60% in 2020. [2]
  • In the US, 28% of people stopped using cash altogether. [2]
  • Online shopping made up 28% of sales in the UK in 2020, up from 19% the year before. [2]
  • About 67% of small businesses have a company credit card, but only 24% say that it’s the primary method of business spending. [2]
  • Only 29% of American small business owners who collect credit card rewards actually use these to pay a business expense. [2]
  • The average US business credit card interest rate is 19.71%. [2]
  • For travel rewards cards, that rate is 20.56%. [2]
  • SMEs make up 99% of British businesses and 13% of those use credit cards. [2]
  • According to Merchant Savvy, global payments fraud has tripled from 2011 to 2020, rising from $9.84 billion to $32.39 billion. [2]
  • In 2018, total fraud losses on UK issued cards amounted to £671.4 million, up 19% from 2017. [2]
  • Remote purchase fraud rose to £506.4 million in 2018 (up 25% from 2017), including an estimated £265.1 million in online fraud against UK retailers (up 29%). [2]
  • Overall, 78% of all remote purchase fraud was committed online. [2]
  • Mail and telephone order fraud against UK retailers also increased by 14%. [2]
  • Broken down by channel, card fraud losses are composed of ATM fraud (3%), POS fraud (20%). [2]
  • E commerce fraud still represents 50% of total UK card fraud losses at £310.2 million. [2]
  • UK Finance puts the e commerce fraud amount even higher £393.4 million, or 59% of all card fraud. [2]
  • Counterfeit card fraud cost £16.3 million in 2018, a decrease of 33% from 2017 and 90% below its peak in 2008. [2]
  • The sizable reduction between 2008 and today is likely the result of chips in cards. [2]
  • Card ID theft increased 59% to hit £47.3 million in 2018. [2]
  • 73% of this value comes from CNP payments, 19% from transactions at pointof sale terminals, and 8% from transactions at automated teller machines. [2]
  • Meanwhile card present fraud decreased by 9.5%. [2]
  • The level of fraud as a portion of transaction value ranges from 0.005% for cards issued in Poland to 0.073 % for cards issued in Denmark in terms of value, and from 0.002% in Poland to 0.043% for cards issued in France in terms of volume. [2]
  • The Netherlands (0.006%), Denmark (0.013%) and Norway (0.016%). [2]
  • Payments made across borders but within SEPA make up 43% of total fraud, followed by domestic fraud (35%) and cross border fraud outside SEPA (22%). [2]
  • Domestic fraud losses on French cards have plateaued at 0.032%. [2]
  • Theft of card details accounted for 66.1% of total domestic card fraud losses in France. [2]
  • The main methods of compromise responsible for fraud losses are lost and stolen fraud (16.3%) and CNP fraud (72.3%). [2]
  • Together, the two categories accounted for 88.6% of losses in 2017. [2]
  • 39% of card fraud losses in 2018 occurred on debit cards. [2]
  • This is down from 57% in 2017. [2]
  • Denmark also has an abnormally high level of lost and stolen fraud (52.7% of total losses). [2]
  • In Q2 2018, contactless card fraud made up 65% of all fraudulent card payments, despite only 56% of all payments being contactless. [2]
  • These losses primarily came from misuse of card information on the internet (70.7%) and card data stolen in Norway and used on counterfeit cards in/outside Norway (12.3%). [2]
  • Card fraud losses in 2017 were a low €25.9 million about 0.02% of payments. [2]
  • CNP fraud made up 48.6% of total fraud losses in 2017. [2]
  • Which means that rates of lost or stolen fraud (25.6%) and counterfeit fraud (21.8%). [2]
  • At 38.6%, the US leads the world for reported credit card fraud losses as of 2018. [2]
  • CNP fraud is 81% more likely than pointof sale fraud in the US. [2]
  • CNP fraud hit $4.57 billion in the US in 2016, up 34% from 2015. [2]
  • It is suggested that 80% of the credit cards in circulation in the US have been compromised. [2]
  • 73% of Americans are very or somewhat concerned that their financial accounts, email or social profiles could be hacked. [2]
  • 25.3% What percentage of people have a credit card?. [3]
  • The Q2 2020 report by the American Bankers Association reveals that 44.6% of credit card users are revolvers, meaning they carry a balance to the next month at least once every quarter. [3]
  • Another 31.6% of credit card users are transactors, which means they don’t carry a balance and have no financing charges. [3]
  • The remaining 23.8% of credit card users show no activity. [3]
  • [3] Credit cards trail behind debit cash as the most popular payment option, according to the 2020 findings from the Diary of Consumer Payment Choice (24% of respondents preferred credit as a form of payment in 2019 versus 30% for debit and 26% for cash). [3]
  • [2] U.S. consumers, on average, use 25.3% of their credit card limits. [3]
  • People belonging to Generation X have the highest average revolving credit utilization rates at 31%. [3]
  • The average credit limit for a new account was $3,952 in the third quarter of 2020 , according to a TransUnion report. [3]
  • [5] In the first quarter of 2020, 5.31% of credit card account balances were at least 90 days late. [3]
  • This is a decrease from the first quarter of 2019, when 5.32% of credit card accounts had a delinquency greater than 90 days. [3]
  • A survey conducted by the Federal Reserve in 2019 revealed that 86% of respondents owned at least one credit card. [3]
  • People over the age of 60 are most likely to own a credit card (93%). [3]
  • 86% for people ages 45 to 59, 80% for people ages 30 to 44, and 75% for people ages 18 to 29. [3]
  • [1] Mississippi residents also have the highest credit utilization rate at 31%, which is 6 percentage points higher than the national average. [3]
  • 723 24% Delaware 670 25% District of Columbia. [3]
  • 28% Georgia 689 30% Hawaii 727. [3]
  • According to a survey conducted by the New York Federal Reserve, 15.7% of survey participants reported submitting a credit card application in October 2020. [3]
  • This is a sharp decline from February 2020, when 26.3% of respondents reported submitting a credit card application. [3]
  • [8] Respondents’ expectation of their credit card application being rejected also increased sharply during this period, from 12.9% in February 2020 to 35.1% in October 2020.[8]. [3]
  • Credit access also decreased The per applicant credit approval rate fell from 39.1% in February 2020 to 28.3% in October 2020. [3]
  • The rejection rate actually improved over the same period, declining from 6.5% in February 2020 to 6.2% in October 2020. [3]
  • Therefore, we say the card has a 2.5% rewards rate on dining and travel and a 1.25% rewards rate on everything else. [3]
  • Growth, albeit marginal, can also be observed for cross border card payments at the EU level, as shown in Chart 2, with the EU average increasing from 6.8% in 2014 to 8.3% in 2017. [4]
  • Crossborder card payments as a percentage of total card payments at pointof. [4]
  • At the end of 2016, the share of transactions made with international card schemes on payment cards issued in the EU was 67.5%. [4]
  • Hence, the review study planned by the European Commission for 202012][12]According to the IFR, the European Commission should submit a report on the application of the IFR by 9 June 2019. [4]
  • [12]According to the IFR, the European Commission should submit a report on the application of the IFR by 9 June 2019. [4]
  • Over 10 percent of credit cardholderschose their specific card based on the rate of earning rewards in 2019. [5]
  • Some credit cards can often levy rates up to 30 percent if a payment is missed, some customers become so indebted to their provider that they are driven into serious financial difficulty and sometimes even bankruptcy. [5]
  • The general purpose brand cards issued in Latin America generated 36.09 billion transactions last year for purchases of goods and services, up 35.6% from 2020. [1]
  • Cards in circulation reached 1.00 billion, up 27.9%. [1]
  • The general purpose brand cards issued in Canada generated 13.81 billion transactions last year for purchases of goods and services, up 11.2% from 2020. [1]
  • The seven largest issuers generated $3.517 trillion in purchase volume in 2021, up 25.6%. [1]
  • They accounted for 77.1% of the industry’s $4.564. [1]
  • This was an increase of 25.1% over 2020. [1]
  • Over the last 20 years, outstanding receivables generated by general purpose credit cardshave grown 50.8% from $618.80 billion to $932.85 billion. [1]
  • Concurrently, purchase volume, spending for goods and services by those cards, has grown from $1.124 trillion to $4.564 trillion, an increase of 306%. [1]
  • Projected Transactions on cards carrying Visa, Mastercard, UnionPay, American Express, Discover/Diners Club and JCB brands are projected to reach 800.41 billion in 2026, an increase of 45% over 2021. [1]
  • This represented 37.1% of outstandings generated by the top 150. [1]
  • Oct 2021 – Issue 1207 U.S. Payment Cards Projected Consumer and commercial credit, debit and prepaid general purpose and private label cards are projected to generate $12.862 trillion in purchase volume for goods and services in 2025, up 61.3% from 2020. [1]
  • The eight largest manufacturers of POS terminals in 2020 accounted for 63% of the 135.0 million total units shipped worldwide. [1]
  • The seven largest acquirers processed 18.44 billion in Visa and Mastercard transactions in 2020, accounting for 73% of transactions processed by the 45 acquirers listed on page 5. [1]
  • Credit card debt totaled $1.003 trillion at year end 2020 and accounted for 6.0% of $16.638 trillion in household debt. [1]
  • This share was up 50 basis points from 5.5% in 1985. [1]
  • The six brands of global cards issued in the Asia Pacific region, UnionPay, Visa, Mastercard, JCB, American Express and Diners Club generated 208.75 billion transactions in 2020, an increase of 11.0% over 2019. [1]
  • The global brand cards issued in Europe generated 103.03 billion transactions last year to purchase goods and services, up 6.9% over 2019. [1]
  • /Discover, JCB, Mastercard, UnionPay and Visa) totaled 467.65 billion in 2020, up 6.0% YOY. [1]
  • The six largest issuers accounted for $598.80 billion in commercial card purchase volume on credit, debit and prepaid cards in 2020, down 3.0% versus 2019. [1]
  • Apr 2021 – Issue 1196 Top U.S. Debit Card Issuers Purchase volume generated by the six largest debit card issuers accounted for 36.1% of the $3.812 trillion in debit and prepaid purchase volume generated by U.S. cards in 2020, down from 38.0% in 2019. [1]
  • The general purpose brand cards issued in Canada generated 12.41 billion transactions last year for purchases of goods and services, down 6.2% from 2019. [1]
  • The global brand cards issued in Latin America generated 26.59 billion transactions last year to purchase goods and services, down 1.1% from 2019. [1]
  • BAMS was dissolved June 30, with 51% ownership of the contracts going to Fiserv and 49% going to Bank of America. [1]
  • The eight largest issuers generated $2.891 trillion in purchase volume in 2020, down 10.4%. [1]
  • They accounted for 80.1% of the industry’s $3.611 trillion total. [1]
  • Outstanding receivables tied to consumer and commercial Visa, Mastercard, American Express and Discover cards issued in the U.S. declined 14.9% to $866 billion at the end of 2020. [1]
  • Projected Worldwide Transactions on cards carrying Visa, Mastercard, UnionPay, American Express, Discover/Diners Club and JCB brands are projected to reach 642.01 billion in 2025, an increase of 41.4% over 2020. [1]
  • Among the 150 largest credit card portfolios worldwide ranked by outstandings, the 8 portfolios shown above accounted for $918.97 billion or 37% of the group’s $2.438 trillion total. [1]
  • Projected Purchase Volume in 2024 Consumer and commercial credit, debit, and prepaid general purpose and private label cards combined are expected to generate $10.718 trillion in purchase volume for goods and services in 2024, up 35.7% over 2019. [1]
  • The six companies listed here accounted for 41% or 141.8 billion of those transactions. [1]
  • Sep 2020 – Issue 1182 POS Terminal Shipments Worldwide by Region Shipments of pointof sale terminals to all world regions reached 128.2 million last year, up 24.2% from 2018. [1]
  • Over 67% of those shipments went to the Asia. [1]
  • The 7 largest acquirers processed 18.63 billion Visa and Mastercard transactions in 2019, accounting for 73.5% of all transactions processed by the 45 acquirers listed. [1]
  • Jul 2020 – Issue 1180 U.S. Credit Card Debt as a Percent of Household Debt Credit card debt totaled $1.169 trillion at year end 2019 and accounted for 7.3% of $16.122 trillion in household debt, up slightly from 7.2% the prior year. [1]
  • Among the six brands of global cards issued in the Asia Pacific region, UnionPay, Visa, Mastercard, and JCB accounted for over 99.4% of all purchase transactions, leaving a combined share of less than 0.6% for American Express and Diners. [1]
  • Jun 2020 – Issue 1178 Global Network Cards in 2019 Purchase transactions on global general purpose card brands totaled 440.99 billion in 2019, up 19.4% over the previous year. [1]
  • The global brands issued in Europe generated 96.66 billion transactions last year to purchase goods and services, up 21.3% over 2018. [1]
  • The 50 largest issuers in the U.S. ranked by purchase volume for goods and services from general purpose debit and prepaid cards issued in 2019 totaled $2.119 trillion in 2019, up 6.6% over 2018. [1]
  • Feb 2020 – Issue 1170 Market Shares (%). [1]
  • Feb 2020 – Issue 1169 U.S. General Purpose Brands Purchase Volume in 2019 Visa, Mastercard, American Express, and Discover cards in the U.S. generated $6.698 trillion in purchase volume in 2019, up 8.5% over 2018. [1]
  • Jan 2020 – Issue 1168 U.S. General Purpose Cards Outstanding credit card receivables as a percentage of purchase volume on general purpose cards issued in the United States fell from 44.0% in 2008 to 25.6% at the end of 2019. [1]
  • The increase of 131.50% versus 2018 amounts to a 13.2% compound annual growth rate. [1]
  • Of that amount, $10.880 trillion or 77.7%, were for purchases of goods and services. [1]
  • Issuers from the U.S. accounted for 38.7% of all outstandings in that group. [1]
  • Issuers from China accounted for 38.4%. [1]
  • Nov 2019 – Issue 1164 Card Fraud Worldwide 2010–2027 Gross fraud losses reached $27.85 billion in 2018, up 16.2% from $23.97 billion in 2017. [1]
  • Sep 2019 – Issue 1160 POS Terminal Shipments Worldwide by Region Shipments of pointof sale terminals reached 103.6 million in 2018, up 39.0% over 2017. [1]
  • Purchase volume spending for goods and services tied to Visa, Mastercard, American Express, and Discover cards issued in the U.S. reached $3.678 trillion in 2018, up 9.7% over 2017. [1]
  • Feb 2019 – Issue 1147 U.S. General Purpose Brands Visa, Mastercard, American Express, and Discover cards in the U.S. generated $6.130 trillion in purchase volume in 2018, up 10.5% over 2017. [1]
  • Purchases of goods and services accounted for 77.64% or $10.343 trillion of that amount. [1]
  • Nov 2018 – Issue 1142 Card Fraud Worldwide Gross fraud losses to issuers, merchants, and merchant acquirers reached $24.26 billion in 2017, up 6.4%. [1]
  • 1139 Top Manufacturers of Payment Cards Worldwide Manufacturers of payment cards shipped 6.49 billion payment cards in 2017, up 0.9% over 2016. [1]
  • 2017 Manufacturers of pointof sale terminals shipped 68.8 million devices worldwide last year, up 25.2% from 2016. [1]
  • The global brand general purpose cards Visa, UnionPay, Mastercard, JCB, Diners Club/Discover, and American Express generated 295.65 billion purchase transactions for goods and services in 2017, up 18.0%. [1]
  • Cards from those issuers combined to generate $1.813 trillion in purchase volume for goods and services in 2017, up 6.1% over the prior year. [1]
  • 1126 Top Issuers of U.S. General Purpose Credit Cards 2017 Issuers of Visa, Mastercard, American Express, and Discover credit cards in the U.S. saw purchase volume spending for goods and services increased 9.6% in 2017 to $3.352 trillion. [1]
  • This was up 12.4% from the prior year. [1]
  • This accounted for 77.75% of all personal consumption expenditures in the United States. [1]
  • Magstripe only cards accounted for 54.7% of all payment cards shipped. [1]
  • Jul 2015 – Issue 1068 Card Fraud Worldwide Losses incurred by card issuers, merchants, and acquirers reached $16.31 billion in 2014, up 19%. [1]
  • at year end 2014 was the lowest level as a percent of total consumer credit since 1990. [1]
  • Feb 2015 – Issue 1057 Purchase Volume for U.S. General Purpose Brands U.S. region cards carrying Visa, MasterCard, American Express, and Discover brands generated $4.442 trillion in spending at merchants in 2014, up 8.9% over 2013. [1]
  • The 77.9% of Personal Consumption Expenditures in the U.S. for 2013 constitute Consumer Payment Systems , which include paperbased, cardbased, and electronic. [1]
  • Personal consumption expenditures in the U.S. of $10.729 trillion in 2011 included purchases of goods and services, which accounted for 77.8%. [1]
  • Chip cards accounted for 28.9% of the total. [1]
  • Shipments of 17.2 million terminals worldwide increased 14.4% in 2011. [1]
  • Aug 2012 – Issue 1002 Purchase Volume in Middle East/Africa Total spending at merchants exceeded $187 billion and increased more than 24% over the prior year. [1]
  • – Issue 1000 U.S. Household Debt and Credit Cards Credit card debt at the end of 2011 equaled 6.34% of total household debt. [1]
  • Card debt, as a percentage of total consumer credit, was at its lowest level since 1991. [1]
  • Credit cards equaled 53% of purchases at merchants in 2011. [1]
  • Apr 2012 – Issue 998 Purchase Transactions on Global Cards 2011 Debit and prepaid cards generated more than 54% of all payment card transactions at merchants in 2011. [1]
  • Jan 2012 – Issue 995 American Express Volume in the U.S. 2005 2011 Total volume of purchases at merchants combined with cash advances generated by cards issued directly by American Express in the U.S. increased by 12.7% to $520.52 billion. [1]
  • Consumer cards accounted for $2.433 trillion or 82% of the total. [1]
  • According to the quarterly statistics, the total number of credit cards in circulation was 19.05 million by the end of Q4/2021. [6]
  • The figure represents a 0.7% decrease from the previous quarter and a 1.6% decrease from the previous year. [6]
  • The total number of credit card transactions was 232.66 million for Q4/2021, representing a 0.1% increase from the previous quarter and a 4.7% increase from the same period in 2020. [6]
  • The total value of credit card transactions was HK$198.3 billion for Q4/2021, representing a 11.8% increase from the previous quarter and a 17.1% increase from the same period in 2020. [6]
  • Of the total transaction value, HK$163.5 billion (82.5%) was related to retail spending in Hong Kong, HK$24.9 billion (12.6%) in retail spending overseas and HK$9.9 billion (5.0%). [6]
  • On a quarterly basis, the total number of debit card transactions in relation to retail sales and bills payments increased 1.9% to 44.43 million while the total value increased by 7.8% to HK$77.6 billion in Q4/2021. [6]
  • When compared to the same period in 2020, the total number increased by 14.2% and the total value dropped by 0.8% in Q4/2021. [6]
  • In February, consumer credit increased at a seasonally adjusted annual rate of 11.3 percent. [7]
  • Revolving credit increased at an annual rate of 20.7 percent, while nonrevolving credit increased at an annual rate of 8.4 percent. [7]
  • Will never be at 100% due to incoming employees going through the process. [8]
  • Currently complete for 93% of contractors. [8]
  • 4 6.0 % backlog includes Contractors currently in onboarding process. [8]
  • The statistics below, most recently reported as of Q2 2021, show the percentage of card present transactions that are EMV. [9]
  • It should be noted that, globally, 88.55% of transactions are EMV Chip. [9]
  • It should be noted that, globally, 66.4% of issued Cards are EMV. [9]
  • That means the average New Jersey balance is 45% higher than the average balance in Kentucky. [10]
  • Americans carried a balance on 52% of all active credit card accounts in the third quarter of 2021, according to the most recent available data from the American Bankers Association. [10]
  • For all credit cards, the average APR was 14.56% in the first quarter of 2024. [10]
  • For cards that are accruing interest, the average in Q1 2024 was 16.17%. [10]
  • For new credit card offers, the average today is 19.68%. [10]
  • offers 19.68% Average APR for all current card accounts 14.56% Average APR for all accounts that accrue interest 16.17%. [10]
  • consumer credit report showed that the average APR for all current credit card accounts edged higher in the first quarter of 2024, up from 14.51% in the fourth quarter of 2021. [10]
  • Meanwhile, APRs for cards that are accruing interest fell to 16.17%, significantly down from both 16.44% in the fourth quarter of 2021 and 17.13% in the third quarter. [10]
  • The latest LendingTree data on credit card APRs shows that the average APR with a new credit card offer is 19.68%, with the average card offering an APR range of 16.11% to 23.25%, with your rate varying based on your creditworthiness. [10]
  • Average APR for all new card offers 16.11% 23.25% 19.68% 19.62%. [10]
  • 0% balance transfer cards 13.97% 22.70% 18.34% 18.18%. [10]
  • Noannual fee cards 15.47% 23.17% 19.32% 19.27%. [10]
  • Rewards cards 15.75% 23.20% 19.48% 19.35%. [10]
  • Cash back cards 15.49% 22.66% 19.08% 18.99%. [10]
  • Travel rewards cards 15.74% 23.76% 19.75% 19.55%. [10]
  • Airline credit cards 16.25% 24.38% 20.32% 20.12% Hotel credit cards 15.43% 24.72% 20.08% 19.85%. [10]
  • Low interest credit cards 12.85% 21.98% 17.42% 17.52%. [10]
  • Grocery rewards cards 15.43% 23.59% 19.51% 19.30%. [10]
  • Gas rewards cards 15.77% 23.84% 19.81% 19.69%. [10]
  • Dining rewards cards 15.57% 23.65% 19.61% 19.45% Student credit cards 16.63% 22.06% 19.35% 19.12%. [10]
  • Secured credit cards 22.00% 22.00% 22.00% 21.89% Source. [10]
  • Just 1.62% of credit card accounts are currently at least 30 days delinquent. [10]
  • According to the most recent delinquency data from the Fed, the 30 day delinquency rate rose from 1.54% to 1.62% in the fourth quarter of 2021. [10]
  • However, delinquency rates are still near historic lows, staying below 2% for the fourth consecutive quarter. [10]
  • Prior to this streak, rates had never dropped below 2% since tracking began in 1991. [10]
  • It is a huge difference from what we saw during the Great Recession, during which delinquencies peaked at nearly 7% in 2009. [10]
  • According to the most recent research, the average American credit card debt is $5,525. [11]
  • rate25.2% State with the highest average credit card debtAlaska State with the lowest average credit card debtWisconsin. [11]
  • Credit card interest rates have been rising,and the average rate is now 16.2% on interest. [11]
  • Since peaking at $930 billion in the fourth quarter of that year, it has fallen by over 15%, even though the total U.S. debt has kept going up. [11]
  • Total debt Credit card debt percentage 2003 $693 billion $7.38 trillion 9.4% 2004. [11]
  • $697 billion $8.46 trillion 8.2% 2005. [11]
  • $697 billion $9.47 trillion 7.4% 2006. [11]
  • $739 billion $10.75 trillion 6.9% 2007 $796 billion $11.85 trillion 6.7% 2008. [11]
  • $850 billion $12.60 trillion 6.7% 2009 $824 billion $12.40 trillion 6.6% 2010 $744 billion $11.94 trillion 6.2% 2011. [11]
  • $694 billion $11.73 trillion 5.9% 2012 $668 billion $11.38 trillion 5.9% 2013. [11]
  • $669 billion $11.15 trillion 6.0% 2014. [11]
  • $669 billion $11.63 trillion 5.8% 2015 $703 billion $11.85 trillion 5.9% 2016 $729 billion $12.29 trillion 5.9% 2017. [11]
  • $784 billion $12.84 trillion 6.1% 2018 $829 billion $13.29 trillion 6.2% 2019 $868 billion $13.86 trillion 6.3% 2020 $817 billion $14.27 trillion 5.7% 2021. [11]
  • Alaska has had the highest credit card debt in recent years, and in 2021, it was 28% more than the national average. [11]
  • both have 17% less credit card debt than the national average, but it’s Wisconsin that’s the official winner. [11]
  • Among Americans in the 60th through 79th income percentiles, 56.8% have credit card debt. [11]
  • Those in the 40th through 59th income percentile weren’t far behind, as 55% have credit card debt. [11]
  • Less than 20 $16,290 $3,830 30.5% 20–39. [11]
  • $59,050 $4,910 55.0% 60–79 $95,700 $6,990 56.8% 80–89 $151,700 $9,780 45.9% 90–100 $290,160 $12,600 32.2% Editor’s note Data from the Survey of Consumer Finances was collected in 2019, and is the most recent available from the Federal Reserve. [11]
  • The average credit card APR on interest bearing accounts is 16.2%. [11]
  • It excludes credit cards that aren’t charging interest at that time, so 0% intro APR credit cards don’t count until the introductory period ends. [11]
  • 13.1% 2018 13.8% 2019 14.7% 2020 15.7% 2021. [11]
  • 16.2% Credit card interest rates have been steadily increasing at a rate of nearly 0.8% per year since 2017. [11]
  • They slowed down a bit this last year, when they grew by 0.5%. [11]
  • It was 43% of the $176 billion credit card companies made in 2020. [11]
  • Delinquencies of 90 days or more have seen the best results, as they’re down 63%. [11]
  • 30–59 3.9% 2.4% 2.3% 60–89 1.9% 1.3% 1.0% 90 or. [11]
  • Generation Z 2.12% 0.95% 1.73% Millennials 3.07% 1.32% 3.15%. [11]
  • Generation X 3.02% 1.25% 3.42% Baby Boomers 1.80% 0.77% 2.05% Silent Generation 1.07% 0.51% 1.33%. [11]
  • The average credit utilization rate is 25.2%. [11]
  • If you have one credit card with a $1,000 balance and a $10,000 credit limit, then your credit utilization would be 10%. [11]
  • Lower credit utilization is better for your credit score, and the conventional wisdom is that you should keep it below 30%. [11]
  • While Gen Z, millennials, and Gen X all have averages of around 30%, the average credit utilization drops quite a bit for baby boomers and the Silent Generation. [11]
  • Generation Z 31.1% Millennials 30.2% Generation. [11]
  • The average credit card balance was almost 13% lower in March 2021 than it was the year before, according to a report by the Consumer Financial Protection Bureau. [11]
  • In April 2020, 2% of open credit card accounts started reporting assistance. [11]
  • About 0.8% of credit card accounts transitioned out of assistance in May 2020, and another 1.1% of accounts transitioned out in June 2020. [11]
  • Balance transfer credit cardsoffer a 0% intro APR on credit card debt you transfer over. [11]
  • American consumers collectively were juggling $974 billion in credit card debt as of the end of 2020, according to the Federal Reserve consumer credit report. [0]
  • The top 10 card issuers held 81.4% of 1 2. [0]
  • General purpose credit card payments had a value of $3.64 trillion in 2018, up 9.1% from 2015. [0]
  • And the total number of general purpose credit card transactions in the U.S. was 40.9 billion in 2018, according to the 2019 Federal Reserve Payments Study. [0]
  • They accounted for 91.5% of all credit card payments, compared to private label cards at 8.5%. [0]
  • Also, the average number of retail credit card accounts dropped from 2.51 in 2019 to 2.42 in 2020, according to Experian.10 And average credit card balances are down from $6,629 in 2019 to $5,897 in 2020.10. [0]
  • In the U.S., about 73% of card present transactions between January 2020 and December 2020 were EMV, according to EMVCo. [0]
  • Nearly two thirds of consumers (65%). [0]

I know you want to use Payment Card Issuance Software, thus we made this list of best Payment Card Issuance Software. We also wrote about how to learn Payment Card Issuance Software and how to install Payment Card Issuance Software. Recently we wrote how to uninstall Payment Card Issuance Software for newbie users. Don’t forgot to check latest Payment Card Issuance statistics of 2024.

Reference

  1. creditcards – https://www.creditcards.com/statistics/market-share-statistics/.
  2. nilsonreport – https://nilsonreport.com/publication_chart_and_graphs_archive.php.
  3. spendesk – https://blog.spendesk.com/en/credit-card-statistics.
  4. valuepenguin – https://www.valuepenguin.com/credit-cards/statistics/usage-and-ownership.
  5. europa – https://www.ecb.europa.eu/pub/pubbydate/2019/html/ecb.cardpaymentsineu_currentlandscapeandfutureprospects201904~30d4de2fc4.en.html.
  6. statista – https://www.statista.com/topics/1118/credit-cards-in-the-united-states/.
  7. hkma – https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/03/20240318-4/.
  8. federalreserve – https://www.federalreserve.gov/releases/g19/current/.
  9. justice – https://www.justice.gov/archives/us-hspd-12-piv-card-issuance-statistics.
  10. emvco – https://www.emvco.com/about/deployment-statistics/.
  11. lendingtree – https://www.lendingtree.com/credit-cards/credit-card-debt-statistics/.
  12. fool – https://www.fool.com/the-ascent/research/credit-card-debt-statistics/.

How Useful is Payment Card Issuance

One of the primary benefits of payment card issuance is the added layer of security it provides. Gone are the days of carrying around large sums of cash or worrying about the potential loss or theft of your money. With payment cards, consumers can simply swipe or tap their card to make a purchase, eliminating the worry of carrying large amounts of cash.

Furthermore, payment cards offer consumers a more convenient way to manage their finances. With the ability to track purchases and monitor spending online or through mobile banking apps, individuals have greater control over their financial well-being. This level of transparency allows consumers to easily identify areas where they may be overspending and make necessary adjustments to their budget.

Additionally, payment cards provide consumers with access to a wide range of benefits and rewards that can help them save money and earn valuable incentives. From cashback rewards to travel perks, many payment card issuers offer attractive incentives to entice consumers to use their cards for everyday purchases. These rewards can add up quickly, providing consumers with opportunities to save money or even earn valuable rewards like free travel or merchandise.

In today’s digital age, payment cards have also become essential for online shopping and conducting transactions in a secure and efficient manner. Debit and credit card numbers can be easily entered online, allowing consumers to make purchases from the comfort of their own home with just a few clicks. This added convenience has revolutionized the way in which people shop and conduct business online, making payment card issuance an indispensable tool for modern consumers.

Furthermore, payment card issuance has also helped to streamline business operations, making transactions faster and more efficient for merchants and consumers alike. With the ability to accept payments through a variety of card types, businesses can cater to the diverse needs of their customers, making it easier for consumers to make purchases and for businesses to process payments swiftly and securely.

Overall, payment card issuance has revolutionized the way in which we conduct financial transactions, offering consumers a secure, convenient, and efficient means of making purchases both in-person and online. With added security features, rewards and benefits, and the ability to manage finances easily, payment card issuance has become an essential tool for modern consumers and businesses alike.

In Conclusion

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