Number of credit cards in Indonesia 2017-2021

In 2021, the number of credit cards in Indonesia amounted to 16.51 million. The number of credit cards in Indonesia decreased by three percent when the COVID-19 crisis happened in 2020. Currently, there are 27 credit card issuers in Indonesia.

Credit card ownership in Indonesia

To own a credit card in Indonesia, the primary cardholder must be at least 21 years old or married and have a monthly income of at least three million Indonesian rupiah, while an additional credit card can be used by anybody who is at least 17 years old. According to a survey by the World Bank, about two percent of the wealthiest 60 percent in Indonesia held a credit card. In comparison, only around one percent of the poorest 40 percent of the population owned a credit card. Visa and Mastercard are the most frequently owned credit cards by Indonesians.

Credit card transactions in Indonesia

Even though there were fewer credit card transactions in Indonesia, the value of those transactions increased throughout the COVID-19 crisis in 2020. To boost Indonesia's economic recovery from the crisis, Indonesia's central bank has cut the maximum credit card interest rate from 2.25 to 1.75 percent per month per July 2021 and decreased the minimum credit card payment from 10 percent to 5 percent of its total balance each month per July 2022.