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Value of credit card payments in Ireland 2013-2017

This statistic displays the development in the value of payments made with a card that have a credit function in Ireland from 2013 to 2017 in billion euros. The value of payments with a card with a credit function fluctuated during the period under observation. In 2013, the value of payments amounted to approximately ten billion euros, by 2017 this had decreased slightly nine billion euros, an decrease of approximately one billion euros.

Total value of payments made with cards that have a credit function in Ireland from 2013 to 2017

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Source

Release date

August 2019

Region

Ireland

Survey time period

2013 to 2017

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)."

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