2012 US Credit Card Usage Statistics
US Credit Card Usage Statistics
Estimated Number of Credit Card Holders in the USA –
181 Million
Estimated Number of Credit Cards in the USA –
609.8 Million
Annual Purchase Volume of US Credit Cards (2011) –
$2.1 Trillion
One-third of Americans Do Not Own A Credit Card
Purchase Volume (in Billions) Number of US Credit Cards (in Millions)
VISA $888.00 234.1
AMERICAN EXPRESS $540.14 50.6
MasterCard $508.00 175.7
DISCOVER NETWORK $114.15 58.7
20+
The average age at which a U.S. consumer first adopted a credit card is 20.8 years.
84%
84% of students in the US have credit cards.
Average credit card consumer holds 4.4 credit cards.
One in ten consumers has more than 10 credit cards.
54%
54% of US Credit Card Consumers pay their balance in full each month
33% 13%
33% carry balances up to $10,000 and 13% carry balances over $10,000
Cash point-of-sale purchases are expected to drop from 27% to 23% by 2017
Credit card point-of-sale purchases are expected to grow from 29% to 33% by 2017
Expenses Paid Most Often with Credit Cards
81% Travel Expenses
44% Eating/Dining Out
20% Household Bills
77% Expensive Purchases
38% Grocery
15% Small Expenses
46% Personal Items
37% Entertainment
Two –thirds of credit card consumers said they would consider switching their primary credit card for better features
Top Credit Card Features
73% No Annual Fee
41% Bonus / Exclusive Deals
20% Airline Miles
47% Low Interest Rates
38% Introductory Reward Points
19% Zero Liability on Unauthorized Purchases
46% Reward Points
30% Unlimited Cash Back
10% Discounted Retail Partnerships US Credit Card Usage Statistics Estimated Number of Credit Card Holders in the USA - 181 Million Estimated Number of Credit Cards in the USA 2321 8008EE 609.8 Million 2321 900E YOUR NAME VOUR NAN 2321 9008 9999 3311 YOUR NAME 30/18 Annual Purchase Volume of US Credit Cards (2011) - $2.1 Trillion One-third of Americans Do Not Own A Credit Card Purchase Volume Number of US Credit (in Billions) Cards (in Millions) VISA $ 888.00 234.1 AMERICAN EXPRESS $ 540.14 50.6 $ 508.00 175.7 MasterCard DISCOVER $ 114.15 58.7 NETWORK 20+ 84% The average age at which a U.S. consumer first adopted a credit card is 20.8 years. 84% of students in the US have credit cards. 30/18 2321 9008 9999 3311 YOUR NAME Average credit card consumer holds 4.4 credit cards. One in ten consumers has more than 10 credit cards. 33% 2321 900 9 3311 VOR AE 54% EIE 13% 33% carry balances up to $10,000 and 13% carry balances over $10,000 54% of US Credit Card Consumers pay their balance in full each month RP TE4SETE G 2321 9008 9999 3311 30/18 VOUR NAME Cash point-of-sale purchases are expected to drop from 27% to 23% by 2017 Credit card point-of-sale purchases are expected to grow from 29% to 33% by 2017 Expenses Paid Most Often with Credit Cards 81% 44% - 20% Travel Expenses Eating /Dining Out Household Bills 77% 38% 15% Expensive Purchases Grocery Small Expenses 46% 37% Personal Items Entertainment PRIMARY CARD Two-thirds of credit card consumers said they would consider switching their primary credit card for better features 2321 9008 9999 3311 SECONDARY CARD 19008 9999 3311 DISCOUNT 30/18 Top Credit Card Features 73% No Annual Fee 41% Bonus / Exclusive Deals 20% Airline Miles 100% GUARANTEE 47% 38% 19% Low Interest Rates Introductory Reward Points Zero Liability on Unauthorized Purchases 46% 30% 10% Reward Points Unlimited Cash Back Discounted Retail Partnerships Sources http://media.competeinc.com/med/uploads/files/creditcards_whitepaper_rev7.pdf http://www.nilsonreport.com/pdf/news/aemc.pdf http://www.huffingtonpost.com/2012/06/07/credit-card-payments-growth_n_1575417.html http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276.php http://blog.chargesmart.com/2012/01/credit-card-statistics-2011/ thecreditexaminer Designed & Compiled by - personal finance, budgeting, and investing SALE
2012 US Credit Card Usage Statistics
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