According to a three-year survey, nearly seven out of 10 respondents from the U.S. owned a credit card in 2021 with 62 percent of them actually having used one. The difference between ownership and usage was roughly five percentage points in 2021, a slight increase from a difference of four percentage points in 2017. The report adds that women were more likely than men to own such a payment card. Gen Z - or the age group 15 to 24 years in this survey - was substantially less likely to own a credit card than their older counterparts.
Share of individuals who own a credit card in the United States in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level
Entire civilian, noninstitutionalized population; * The data for 2024 is a forecast calculated by Statista; The figures shown are from a global survey held every 3 years. Data for 2021 - the most recent year available - was released in June 2022.
Method of interview
Face-to-face interviews, telephone interviews
Supplementary notes
This question was phrased by the source as follows: "A credit card is a card that allows you to BORROW money in order to make payments or buy things, and you can pay the balance off later. Do you, personally, have a credit card?"
Figures for 2024 are a forecast from Statista. Historical figures were used in a linear trend, to form a simple trend projection. This extrapolation uses the method of least squares.
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Statista. (March 11, 2024). Share of individuals who own a credit card in the United States in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1362152/credit-card-ownership-rate-usa/
Statista. "Share of individuals who own a credit card in the United States in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level." Chart. March 11, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1362152/credit-card-ownership-rate-usa/
Statista. (2024). Share of individuals who own a credit card in the United States in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1362152/credit-card-ownership-rate-usa/
Statista. "Share of Individuals Who Own a Credit Card in The United States in 2011, 2014, 2017 and 2021 with a Forecast for 2024, by Age, Gender, and Income Level." Statista, Statista Inc., 11 Mar 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1362152/credit-card-ownership-rate-usa/
Statista, Share of individuals who own a credit card in the United States in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1362152/credit-card-ownership-rate-usa/ (last visited November 10, 2024)
Share of individuals who own a credit card in the United States in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level [Graph], Statista, March 11, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1362152/credit-card-ownership-rate-usa/
