Battle of The Plastic - Debit vs Credit

Baltle platic chthe DEBITOS.CREDIT Total Credit Cards 576,400,000 507,000,000 Total Debit Cards VISA 270,1 million (-11%) 203 million (-22%) VISA 382 million (+18%) MasterCard MasterCard 48,9 million (-9%) 125 million (+1%) American Express 54,4 million (-6%) Debit Cards Share Chart Discovery Credit Cards Share Chart 2009 Credit Card Satisfaction Study Rankings (Based on a 1,000-point scale) 762 American Express Online shopping 1. What was the first card? 751 Discover Card The first widely accepted plastic charge card was issued in 1958 by American. Express. Debit cards are also gaining favor as a form of online payment. However, as a percentage of total online transactions, it is expected to remain stagnant at about 27%. 740 3\ National City 724 4. Wells Fargo What was the first credit card? 5 Barclaycard 717 Here is a forecast for the 2008 $47 billion (26%) 2009 $57 billion (28%) expected to be traded, 2010 : $67 billion (28%) 2011: $81 billion (28%) the percent of online 2012: $90 billion (27%) shopping that it 2013 : $98 billion (26%) constitutes. 2014 : $105 billion (26%) The first general-use credit card that allowed balances to be paid over time was the BankAmericard (which in 1977 changed its name to Visa), issued in 1959. 715 volume of dollars 6 U.S. Bank 7 Chase 708 How did MasterCard begin? through debit cards, and 699 In 1966, a number of banks formed the Interbank Card Association. In 1969, the Interbank Card Association bought the rights to use "Master Charge" from the California Bank Association. It was renamed MasterCard in 1979. 8. Citi 689 9 First National Bank of Omaha 687 10 Bank of America Sources: Visa, Mastercard, J.D. Power and Associates DEBIT CREDIT