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Public Info posted an update 1 year, 4 months ago
Estimates for the annual dollar value of credit card transactions in the USA vary slightly between sources, but here’s a summary of recent figures:
* 2023: Credit card purchase volume amounted to $19.6 trillion, a 3.5% increase from the previous year. (The Motley Fool)
* 2023 (US Specific Data): Purchase volume by credit card brand in the US:
* Visa: $3 trillion (52%)
* Mastercard: $1.4 trillion (24%)
* American Express: $1.1 trillion (19%)
* Discover: $0.3 trillion (5%)
(The Motley Fool)
* 2024 (projected): The annual value of card transactions in the US cards and payments market is expected to be $10.6 trillion. (GlobalData)
* 2025 (projected): Total value of credit card transactions in the US is projected to rise to $3.84 trillion. (Oberlo)
It’s important to note that some sources provide global figures while others focus specifically on the US, and there can be differences in how “credit card purchase volume” is defined. However, these figures give a good indication of the immense scale of credit card spending in the USA.Video courtesy of CSOB
https://www.youtube.com/live/vkFW_m5m7m8?si=b3A0VcKiVN54hrq-
Video courtesy of CSOB
