The market size for credit cards in the United States grew by over seven percent between 2020 and 2021, a continuation of previous years. This according to estimates from on the value of transactions conducted with cards with a credit function. Credit cards are the most popular payment method available in the country for several years in a row, with a market share that slightly increased during the first year of COVID-19. The United States' credit card penetration is forecast to reach more than 65 percent come 2025.
Value of credit card transactions for payments in the United States from 2012 to 2022
(in million U.S. dollars)
2022 figures and beyond - release date November 2023 and later - made significant strides in reporting quality - causing a sometimes significant break in methodology in individual countries. Statista sometimes still had to calculate figures, however, as card figures were split between non-remote and remote use cases.
2021 figures and before - with a release date of July 2022, or earlier - are all Statista estimates. Statista used the following indicators - which did not return after the figures covering 2022:
1. Credit cards
Number of cards with a delayed debit function;
Number of cards with a credit / delayed debit function;
Number of cards with a credit function.
2. Debit cards
Number of cards with a debit function;
Number of cards with a debit / delayed debit function.
The following additional sources have been used to provide further context to these figures:
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Statista. (February 25, 2024). Value of credit card transactions for payments in the United States from 2012 to 2022 (in million U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/568554/credit-debit-card-transaction-value-usa/
Statista. "Value of credit card transactions for payments in the United States from 2012 to 2022 (in million U.S. dollars)." Chart. February 25, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/568554/credit-debit-card-transaction-value-usa/
Statista. (2024). Value of credit card transactions for payments in the United States from 2012 to 2022 (in million U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/568554/credit-debit-card-transaction-value-usa/
Statista. "Value of Credit Card Transactions for Payments in The United States from 2012 to 2022 (in Million U.S. Dollars)." Statista, Statista Inc., 25 Feb 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/568554/credit-debit-card-transaction-value-usa/
Statista, Value of credit card transactions for payments in the United States from 2012 to 2022 (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/568554/credit-debit-card-transaction-value-usa/ (last visited September 20, 2024)
Value of credit card transactions for payments in the United States from 2012 to 2022 (in million U.S. dollars) [Graph], Statista, February 25, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/568554/credit-debit-card-transaction-value-usa/