Annual credit card and debit cards issued in Canada 2012-2022

Published by
Raynor de Best,
May 21, 2024

The number of credit cards in Canada continued to increase ever since 2015, making it one of the few countries with more credit cards than debit cards. Canada is considered 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 difficult to come by.

Total number of credit cards and debit cards in circulation in Canada from 2012 to 2022

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Release date

February 2024

Region

Canada

Survey time period

2012 to 2022

Special properties

No numbers were provided from before 2012; Figures were released in early 2024, and have a significant publication delay due to domestic data collection and reporting.

Supplementary notes

Figures refer to "cards with a credit function" and "cards with a debit function." However, due to the overlap with figures specifically covering "credit cards" and "debit cards" from the European Central Bank, it is assumed the two terms are used interchangeably. Do note that numbers can differ between the years as domestic definitions and recording methods changed.

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Market share

7

Penetration

8

Biggest brands

6

Users

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Transaction value

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Number of transactions (per user)

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Miscellaneous

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