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Number of credit cards in Canada 2000-2021

Published by
Raynor de Best,
Feb 13, 2023
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)

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Source

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In cooperation with
Technology Strategies International
Release date

March 2021

Region

Canada

Survey time period

2000 to 2021

Special properties

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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Statistics on " Credit cards worldwide "

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Statistics on Credit cards worldwide

Global

6

North America

6

Europe

5

Asia Pacific

6

China

4

India

4

Latin America

7

Africa & MENA

8

Australia

4

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