Annual credit card spending in the U.S. 2012-2021

Published by
Raynor de Best,
Feb 10, 2023
The market size for credit cards in the United States grew by over seven percent between 2020 and 2021, a continuation of previous years. This according to estimates from on the value of transactions conducted with cards with a credit function. Credit cards are the most popular payment method available in the country for several years in a row, with a market share that slightly increased during the first year of COVID-19. The United States' credit card penetration is forecast to reach more than 65 percent come 2025.

Value of credit card transactions for payments in the United States from 2012 to 2021 (in million U.S. dollars)

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Release date

January 2023

Region

United States

Survey time period

2012 to 2021

Special properties

Cards issued by resident PSPs; No figures were provided from before 2012

Supplementary notes

The figures have been taken from several publications.

The USD figures have been calculated by Statista, based on Nat/USD annual averages from OECD.

The numbers shown are estimates based on the following indicators:

1. Credit cards

  • Number of cards with a delayed debit function;
  • Number of cards with a credit / delayed debit function;
  • Number of cards with a credit function.

2. Debit cards
  • Number of cards with a debit function;
  • Number of cards with a debit / delayed debit function.

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