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Credit card penetration varies significantly between countries, as consumers in some countries all use Visa or Mastercard-issued credit cards while other areas do not use them. According to survey data from the World Bank – which stems from 2021, due to a three-year survey released in the summer of 2022 – Canada, Israel, and Iceland were the only countries with credit card ownership higher than 74 percent. To compare, countries such as Bangladesh and Morocco had a credit card penetration of around one percent in 2021. Several European countries – Iceland, Luxembourg, Finland, and Norway – tend to shop online outside their national borders. Whether this situation changed somewhat in later years is unclear, as newer data is not released. Statista estimates that credit card ownership will still be highest in Canada in 2028.
Credit cards in India: a land of opportunity?
Credit card penetration in India was 4.6 percent in 2021, a percentage far lower than many other big countries. Statista estimates that India’s penetration rate will increase, although by only a few percentage points. In earlier years, the credit card volume in India would grow by over 20 percent between 2019 and 2020. Since 2020, however, Indian banks started to demand higher credit scores from potential credit card customers. The growing popularity of digital wallets such as UPI - making India the biggest real-time payments market worldwide - also added significant competition to credit cards in the country.
Cost of living and credit card debt
Financial hardship and the growing cost of living led consumers to use credit cards more often. U.S. credit card balances in early 2023 were nearly one trillion U.S. dollars, a sizable increase compared to previous years. Up until 2021, borrowers tried to pay off their debts as purchasing products in physical stores was hampered by lockdown measures. The same development occurred in the United Kingdom: Outstanding balances on credit card accounts in the UK increased for several months since 2022. In contrast to this development is the rise of buy now, pay later or BNPL, which might not always impact credit scores. As of 2022, the market share of BNPL in overall e-commerce payments across multiple countries worldwide was relatively highest in northwestern Europe.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
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Key insights
- Country with highest credit card penetration in the world
- Canada
Detailed statistics
Credit card penetration in 161 countries worldwide 2011, 2014, 2017, 2021
- Credit card market share for in-store shopping in the US
- 40%
Detailed statistics
Most used in-store (POS) payment methods in the U.S. 2017-2023, with 2027 forecast
- Credit card market share for online shopping in 2026
- 16%
Detailed statistics
Most used payment methods in e-commerce worldwide in 2023, with a forecast for 2027
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Credit card penetration
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- Premium Statistic Credit card penetration in 161 countries worldwide 2011, 2014, 2017, 2021
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Credit card penetration
- Premium Statistic Credit card penetration in 161 countries worldwide 2011, 2014, 2017, 2021
Credit card penetration in 161 countries worldwide 2011, 2014, 2017, 2021
Share of individuals who own a credit card in 161 different countries and territories worldwide up until 2021
- Premium Statistic Penetration rate of credit cards in the United States 2014-2029
Penetration rate of credit cards in the United States 2014-2029
Penetration rate of credit cards in the United States from 2014 to 2029
- Premium Statistic Penetration rate of credit cards in Saudi Arabia 2014-2029
Penetration rate of credit cards in Saudi Arabia 2014-2029
Penetration rate of credit cards in Saudi Arabia from 2014 to 2029
- Premium Statistic Penetration rate of credit cards in India 2014-2029
Penetration rate of credit cards in India 2014-2029
Penetration rate of credit cards in India from 2014 to 2029
- Premium Statistic Penetration rate of credit cards in the United Kingdom 2014-2029
Penetration rate of credit cards in the United Kingdom 2014-2029
Penetration rate of credit cards in the United Kingdom from 2014 to 2029
- Premium Statistic Penetration rate of credit cards in Germany 2014-2029
Penetration rate of credit cards in Germany 2014-2029
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(Credit) card acceptance
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- Premium Statistic Merchants who accept UnionPay for online payments in 98 countries worldwide 2024
- Premium Statistic Merchants who accept Visa for online payments in 200 countries worldwide 2024
- Premium Statistic Merchants who accept Mastercard for online payments in 196 countries worldwide 2024
- Premium Statistic Merchants who accept Maestro for online payments in 187 countries worldwide 2024
- Premium Statistic Merchants who accept AmEx for online payments in 192 countries worldwide 2024
(Credit) card acceptance
- Premium Statistic Merchants who accept UnionPay for online payments in 98 countries worldwide 2024
Merchants who accept UnionPay for online payments in 98 countries worldwide 2024
Number and share of merchants who use UnionPay as a payment solution on their website across various countries and territories in the world as of February 28, 2024
- Premium Statistic Merchants who accept Visa for online payments in 200 countries worldwide 2024
Merchants who accept Visa for online payments in 200 countries worldwide 2024
Number and share of merchants who use Visa as a payment solution on their website across various countries and territories in the world as of February 28, 2024
- Premium Statistic Merchants who accept Mastercard for online payments in 196 countries worldwide 2024
Merchants who accept Mastercard for online payments in 196 countries worldwide 2024
Number and share of merchants who use Mastercard as a payment solution on their website across various countries and territories in the world as of February 28, 2024
- Premium Statistic Merchants who accept Maestro for online payments in 187 countries worldwide 2024
Merchants who accept Maestro for online payments in 187 countries worldwide 2024
Number and share of merchants who use Maestro as a payment solution on their website across various countries and territories in the world as of February 28, 2024
- Premium Statistic Merchants who accept AmEx for online payments in 192 countries worldwide 2024
Merchants who accept AmEx for online payments in 192 countries worldwide 2024
Number and share of merchants who use American Express as a payment solution on their website across various countries and territories in the world as of February 28, 2024
Credit card transactions
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- Premium Statistic Annual Visa, Mastercard, UnionPay transaction volume worldwide 2014-2023
- Premium Statistic Quarterly number of Visa credit card transactions worldwide 2008-2024, per capita
- Premium Statistic Quarterly number of Mastercard credit card transactions worldwide 2006-2024
- Premium Statistic Annual number of credit card transactions in Singapore 2013-2022, per capita
- Premium Statistic Annual number of credit card transactions in the U.S. 2012-2022, per capita
- Premium Statistic Annual number of credit card transactions in Saudi Arabia 2013-2022, per capita
Credit card transactions
- Premium Statistic Annual Visa, Mastercard, UnionPay transaction volume worldwide 2014-2023
Annual Visa, Mastercard, UnionPay transaction volume worldwide 2014-2023
Number of purchase transactions on global general purpose card brands American Express, Diners/Discover, JCB, Mastercard, UnionPay and Visa from 2014 to 2023 (in billions)
- Premium Statistic Quarterly number of Visa credit card transactions worldwide 2008-2024, per capita
Quarterly number of Visa credit card transactions worldwide 2008-2024, per capita
Total number of Visa credit card transactions processed for payments worldwide from 1st quarter 2008 to 1st quarter 2024
- Premium Statistic Quarterly number of Mastercard credit card transactions worldwide 2006-2024
Quarterly number of Mastercard credit card transactions worldwide 2006-2024
Total number of Mastercard credit card transactions processed for payments worldwide from 4th quarter 2006 to 1st quarter 2024
- Premium Statistic Annual number of credit card transactions in Singapore 2013-2022, per capita
Annual number of credit card transactions in Singapore 2013-2022, per capita
Total number of credit card transactions processed for payments in Singapore from 2013 to 2022
- Premium Statistic Annual number of credit card transactions in the U.S. 2012-2022, per capita
Annual number of credit card transactions in the U.S. 2012-2022, per capita
Total number of credit card transactions processed for payments in the United States from 2012 to 2022
- Premium Statistic Annual number of credit card transactions in Saudi Arabia 2013-2022, per capita
Annual number of credit card transactions in Saudi Arabia 2013-2022, per capita
Total number of credit card transactions processed for payments in Saudi Arabia from 2013 to 2022
Credit card spending
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- Premium Statistic Quarterly TPV (Total Payment Volume) of Visa credit cards 2008-2024, in USD
- Premium Statistic Quarterly TPV (Total Payment Volume) of Mastercard credit cards 2006-2024, in USD
- Premium Statistic Annual credit card spending in the U.S. 2012-2022
- Premium Statistic Annual credit card spending in China 2013-2023
- Premium Statistic Value of credit card transactions in India FY 2019-2028
- Premium Statistic Credit card transaction value South Korea 2002-2023
Credit card spending
- Premium Statistic Quarterly TPV (Total Payment Volume) of Visa credit cards 2008-2024, in USD
Quarterly TPV (Total Payment Volume) of Visa credit cards 2008-2024, in USD
Value of payments processed (TPV - Total Payment Volume) of Visa issued credit cards worldwide from 1st quarter 2008 to 1st quarter 2024
- Premium Statistic Quarterly TPV (Total Payment Volume) of Mastercard credit cards 2006-2024, in USD
Quarterly TPV (Total Payment Volume) of Mastercard credit cards 2006-2024, in USD
Value of payments processed (TPV - Total Payment Volume) of Mastercard issued credit cards worldwide from 4th quarter 2006 to 1st quarter 2024
- Premium Statistic Annual credit card spending in the U.S. 2012-2022
Annual credit card spending in the U.S. 2012-2022
Value of credit card transactions for payments in the United States from 2012 to 2022 (in million U.S. dollars)
- Premium Statistic Annual credit card spending in China 2013-2023
Annual credit card spending in China 2013-2023
Annual credit card spending in China from 2013 to 2023 (in trillion yuan)
- Premium Statistic Value of credit card transactions in India FY 2019-2028
Value of credit card transactions in India FY 2019-2028
Value of credit card transactions in India from financial year 2019 to 2023, with estimates until 2028 (in trillion Indian rupees)
- Premium Statistic Credit card transaction value South Korea 2002-2023
Credit card transaction value South Korea 2002-2023
Value of credit card transactions in South Korea from 2002 to 2023 (in trillion South Korean won)
Credit card usage
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- Premium Statistic Most used payment methods in e-commerce worldwide in 2023, with a forecast for 2027
- Premium Statistic Credit card market share in POS and e-commerce in 3 countries in North America
- Premium Statistic Credit card market share in POS and e-commerce in 14 territories in Asia-Pacific 2022
- Premium Statistic Credit card market share in POS and e-commerce in 15 countries in Europe 2022
- Premium Statistic Credit card market share in POS and e-commerce in 6 countries in Latin America
- Premium Statistic Credit card market share in POS and e-commerce in 4 countries in MEA in 2023
Credit card usage
- Premium Statistic Most used payment methods in e-commerce worldwide in 2023, with a forecast for 2027
Most used payment methods in e-commerce worldwide in 2023, with a forecast for 2027
Transaction value and market share of payment methods in total e-commerce transaction value worldwide in 2023, with a forecast for 2027
- Premium Statistic Credit card market share in POS and e-commerce in 3 countries in North America
Credit card market share in POS and e-commerce in 3 countries in North America
Market share of credit cards in total value of e-commerce and point of sale (POS) payments in North America in 2022, by country
- Premium Statistic Credit card market share in POS and e-commerce in 14 territories in Asia-Pacific 2022
Credit card market share in POS and e-commerce in 14 territories in Asia-Pacific 2022
Market share of credit cards in total value of e-commerce and point of sale (POS) payments in the Asia-Pacific region in 2022, by country and territory
- Premium Statistic Credit card market share in POS and e-commerce in 15 countries in Europe 2022
Credit card market share in POS and e-commerce in 15 countries in Europe 2022
Market share of credit cards in total value of e-commerce and point of sale (POS) payments in Europe in 2022, by country
- Premium Statistic Credit card market share in POS and e-commerce in 6 countries in Latin America
Credit card market share in POS and e-commerce in 6 countries in Latin America
Market share of credit cards in total value of e-commerce and point of sale (POS) payments in Latin America in 2022, by country
- Premium Statistic Credit card market share in POS and e-commerce in 4 countries in MEA in 2023
Credit card market share in POS and e-commerce in 4 countries in MEA in 2023
Market share of credit cards in total value of e-commerce and point of sale (POS) payments in the Middle East and Africa (MEA) in 2023, by country
Credit cards in circulation
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- Premium Statistic Number of payment cards in circulation worldwide 2017-2023, with a forecast for 2028
- Premium Statistic Quarterly number of Visa issued credit cards in U.S. and worldwide 2008-2023
- Premium Statistic Quarterly number of Mastercard issued credit cards in U.S. and worldwide 2006-2024
- Premium Statistic Annual number of AmEx issued credit cards in the U.S. and worldwide 2015-2023
- Premium Statistic Credit cards in use worldwide 2023, by country
- Basic Statistic Number of credit cards issued in 38 countries in Europe 2020-2022
Credit cards in circulation
- Premium Statistic Number of payment cards in circulation worldwide 2017-2023, with a forecast for 2028
Number of payment cards in circulation worldwide 2017-2023, with a forecast for 2028
Number of credit, debit and prepaid cards in circulation worldwide from 2017 to 2023, with a forecast for 2028 (in billions)
- Premium Statistic Quarterly number of Visa issued credit cards in U.S. and worldwide 2008-2023
Quarterly number of Visa issued credit cards in U.S. and worldwide 2008-2023
Number of Visa credit cards in the United States and worldwide from 1st quarter of 2008 to 4th quarter of 2023 (in millions)
- Premium Statistic Quarterly number of Mastercard issued credit cards in U.S. and worldwide 2006-2024
Quarterly number of Mastercard issued credit cards in U.S. and worldwide 2006-2024
Number of Mastercard credit cards in the United States and worldwide from 4th quarter of 2006 to 1st quarter of 2024 (in millions)
- Premium Statistic Annual number of AmEx issued credit cards in the U.S. and worldwide 2015-2023
Annual number of AmEx issued credit cards in the U.S. and worldwide 2015-2023
Number of American Express credit cards in the United States and worldwide from 2013 to 2023 (in millions)
- Premium Statistic Credit cards in use worldwide 2023, by country
Credit cards in use worldwide 2023, by country
Ranking of the number of credit cards in use by country 2023 (in millions)
- Basic Statistic Number of credit cards issued in 38 countries in Europe 2020-2022
Number of credit cards issued in 38 countries in Europe 2020-2022
Total number of credit cards in circulation in Europe between 2020 and 2022, by country
Credit card fraud
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- Premium Statistic Card fraud - credit cards and debit cards combined - worldwide 2014-2022
- Premium Statistic Card fraud in U.S. versus rest of the world 2014-2021
- Premium Statistic Share of e-commerce revenue lost to payment fraud globally 2022, by region
- Premium Statistic Online banking: Fraud losses in the United Kingdom (UK) 2010-2020
- Premium Statistic Credit and debit cards incidents reported in India 2022, by leading state
- Premium Statistic Credit card fraud losses in Japan 2014-2023
Credit card fraud
- Premium Statistic Card fraud - credit cards and debit cards combined - worldwide 2014-2022
Card fraud - credit cards and debit cards combined - worldwide 2014-2022
Total value of losses due to card fraud, either credit card fraud or debit card fraud, worldwide from 2014 to 2022
- Premium Statistic Card fraud in U.S. versus rest of the world 2014-2021
Card fraud in U.S. versus rest of the world 2014-2021
Total value of losses due to card fraud worldwide - split between the United States and rest of the world - from 2014 to 2021 (in billion U.S. dollars)
- Premium Statistic Share of e-commerce revenue lost to payment fraud globally 2022, by region
Share of e-commerce revenue lost to payment fraud globally 2022, by region
Share of e-commerce revenue lost to payment fraud worldwide in 2022, by region
- Premium Statistic Online banking: Fraud losses in the United Kingdom (UK) 2010-2020
Online banking: Fraud losses in the United Kingdom (UK) 2010-2020
Value of annual online banking fraud losses in United Kingdom (UK) from 2010 to 2020 (in million GBP)
- Premium Statistic Credit and debit cards incidents reported in India 2022, by leading state
Credit and debit cards incidents reported in India 2022, by leading state
Number of credit and debit card fraud incidents reported across India in 2022, by leading state
- Premium Statistic Credit card fraud losses in Japan 2014-2023
Credit card fraud losses in Japan 2014-2023
Value of damage caused by credit card fraud in Japan from 2014 to 2023 (in billion Japanese yen)
Credit card debt
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- Premium Statistic Quarterly credit card debt in the U.S. 2010-2023
- Premium Statistic Average credit card balance in the United States in 2023, by age group
- Premium Statistic Credit card debt in the different states of the U.S. 2023
- Premium Statistic Share of adults planning to carry credit card balance in the U.S. 2020-2023
- Premium Statistic Monthly credit card debt in the UK 1993-2024
- Premium Statistic Number of people not paying their credit card debt in Turkey 2013-2023
Credit card debt
- Premium Statistic Quarterly credit card debt in the U.S. 2010-2023
Quarterly credit card debt in the U.S. 2010-2023
Credit card debt in the United States from 4th quarter 2010 to 4th quarter 2023 (in billion U.S. dollars)
- Premium Statistic Average credit card balance in the United States in 2023, by age group
Average credit card balance in the United States in 2023, by age group
Average credit card balance in the United States in 2023, by age group (in 1,000 U.S. dollars)
- Premium Statistic Credit card debt in the different states of the U.S. 2023
Credit card debt in the different states of the U.S. 2023
Average credit card debt in the United States in the 4th quarter of 2023, by state (in U.S. dollars)
- Premium Statistic Share of adults planning to carry credit card balance in the U.S. 2020-2023
Share of adults planning to carry credit card balance in the U.S. 2020-2023
Share of adults planning to carry a credit card balance in the next six months in the United States in 2020 and 2023
- Premium Statistic Monthly credit card debt in the UK 1993-2024
Monthly credit card debt in the UK 1993-2024
Total credit card debt in the United Kingdom (UK) from March 1993 to March 2024
- Premium Statistic Number of people not paying their credit card debt in Turkey 2013-2023
Number of people not paying their credit card debt in Turkey 2013-2023
Number of people who have not paid their credit card debt in Turkey from 2013 to 2023(in 1,000s)
