• Germany: value of payments with cards with a credit function 2019

The value of payments made with a card that have a credit function in Germany from 2013 to 2019 increased year on year. In 2013, the value of payments amounted to approximately 4.5 billion euros, by 2019 this had risen to 8.8 billion euros, an increase of approximately 4.3 billion euros. Over half of Germans own a credit card, on average, with 0.52 credit cards per capita in 2019.

Total value of payments made with cards that have a credit function in Germany from 2013 to 2019 (in billion euros)

Characteristic	Value of payments in billion euros
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Source

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Source

Release date

September 2020

More information

Region

Germany

Survey time period

2013 to 2019

Supplementary notes

Cards issued by resident payment service providers (PSPs).

The source added the following information "A card enabling cardholders to make purchases and in some cases also to withdraw cash up to a pre-arranged ceiling. The credit granted can be settled in full by the end of a specified period or may be settled in part, with the balance taken as extended credit on which interest is usually charged. The holder is sometimes charged other fees, such as an annual fee. The distinguishing feature of a card with a credit function, in contrast to a card with a debit function or a delayed debit function, is the contractual agreement granting the cardholder a credit line allowing for extended credit (irrespective of whether the cardholder actually makes use of this feature or chooses to settle the full amount of the debt incurred at the end of a specified period)."