The number of credit cards in circulation in Canada continued to decline ever since 2016 - although there is no exact reason why this occurs. Canada is seen the country with the highest credit card penetration worldwide, as many Canadians own either one or two of these payment cards. Despite that, exact figures on this market are seemingly hard to come by.
Number of credit cards in circulation in Canada from 2000 to 2021
(in millions)
The figure for January 2021 is being referred to as "the number of Visa and MasterCard cards in circulation". This might indicate some cards - American Express, Diners, are missing.
Supplementary notes
* One issuer has made reporting changes which caused the number of cards in circulation to decrease.
The figures have been taken from several publications.
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Technology Strategies International, & Canadian Bankers Association. (March 4, 2021). Number of credit cards in circulation in Canada from 2000 to 2021 (in millions) [Graph]. In Statista. Retrieved May 29, 2022, from https://www.statista.com/statistics/594299/number-of-credit-cards-canada/
Technology Strategies International, und Canadian Bankers Association. "Number of credit cards in circulation in Canada from 2000 to 2021 (in millions)." Chart. March 4, 2021. Statista. Accessed May 29, 2022. https://www.statista.com/statistics/594299/number-of-credit-cards-canada/
Technology Strategies International, Canadian Bankers Association. (2021). Number of credit cards in circulation in Canada from 2000 to 2021 (in millions). Statista. Statista Inc.. Accessed: May 29, 2022. https://www.statista.com/statistics/594299/number-of-credit-cards-canada/
Technology Strategies International, and Canadian Bankers Association. "Number of Credit Cards in Circulation in Canada from 2000 to 2021 (in Millions)." Statista, Statista Inc., 4 Mar 2021, https://www.statista.com/statistics/594299/number-of-credit-cards-canada/
Technology Strategies International & Canadian Bankers Association, Number of credit cards in circulation in Canada from 2000 to 2021 (in millions) Statista, https://www.statista.com/statistics/594299/number-of-credit-cards-canada/ (last visited May 29, 2022)
