GITNUXREPORT 2026

Credit Card Usage Statistics

Credit card ownership and spending are rapidly growing worldwide.

Sarah Mitchell

Senior Researcher specializing in consumer behavior and market trends.

First published: Feb 13, 2026

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Statistic 1

In 2023, 83% of U.S. adults had at least one credit card, up from 76% in 2019.

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Globally, credit card ownership reached 3.5 billion cards in circulation by end of 2022.

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In the UK, 89% of adults aged 18-34 used credit cards regularly in 2023.

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India saw a 25% year-over-year increase in credit card issuance, reaching 100 million cards in 2023.

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45% of credit cards in the U.S. were rewards cards as of 2022.

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Brazil had 120 million active credit cards in 2023, representing 57% adult penetration.

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In Australia, credit card penetration stood at 92% among adults in 2023.

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China issued 800 million credit cards by 2022, with urban penetration at 40%.

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Canada reported 78 million credit cards in use in 2023.

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South Korea had 95% credit card ownership among adults aged 20-60 in 2023.

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In 2023, 76% of U.S. credit card payments were contactless.

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Japan issued 300 million credit cards with 80% penetration in urban areas in 2023.

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Mexico had 45 million credit cards active in 2023, up 12% YoY.

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In South Africa, credit card users grew to 15 million in 2023.

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France saw 95% of adults with credit cards in 2023.

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65% of U.S. Gen Z adults (18-25) had a credit card in 2023.

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Women in the U.S. held 48% of all credit cards but averaged higher balances at $8,200 vs. men's $7,900 in 2023.

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Baby Boomers (55+) accounted for 35% of U.S. credit card spend despite being 25% of population in 2023.

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Urban dwellers in India used credit cards 3x more than rural residents in 2023.

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High-income U.S. households (> $100k) used credit cards for 65% of purchases vs. 40% for low-income in 2023.

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African Americans had credit card approval rates 20% lower than whites in 2023 U.S. data.

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In Australia, 55% of 18-24 year olds carried credit card debt in 2023.

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Hispanic U.S. consumers increased credit card usage by 15% YoY in 2023.

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Seniors (65+) in Canada held 22% of credit cards but only 15% of debt in 2023.

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28% of U.S. Asian Americans had premium credit cards in 2023.

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Low-income U.S. households (<$25k) had 55% credit card adoption in 2023.

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In China, 70% of credit card users were under 40 in 2023.

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UK men carried 10% higher credit card balances than women in 2023.

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62% of U.S. college graduates had credit cards vs. 45% non-grads 2023.

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Rural U.S. credit card usage lagged urban by 15% in 2023.

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Gen X (44-59) held 30% of U.S. credit card debt in 2023.

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U.S. credit card fraud losses reached $10.2 billion in 2023.

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Globally, credit card fraud accounted for 60% of all payment fraud in 2022.

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In the EU, 1 in 200 credit card transactions was fraudulent in 2023.

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U.S. merchants absorbed 70% of credit card fraud costs totaling $7.1 billion in 2023.

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CNP (card-not-present) fraud rose 18% to $12.5 billion globally in 2023.

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UK credit card fraud losses were £1.1 billion in 2023.

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85% of credit card fraud in 2023 was digital, up from 75% in 2020.

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India reported 1.5 million credit card fraud cases in 2023.

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Average U.S. credit card fraud loss per incident was $450 in 2023.

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40% of global credit card fraudsters used stolen data from breaches in 2023.

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Synthetic identity fraud, a type of credit card fraud, cost $6 billion in U.S. 2023.

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3.5 billion credit card records exposed in data breaches worldwide 2023.

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Mobile app credit card fraud up 55% in 2023 globally.

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Australia credit card fraud losses AUD 2.2 billion in 2023.

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Chargeback fraud represented 15% of total credit card disputes 2023.

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EMV chip reduced U.S. counterfeit fraud by 87% since 2015 to 2023.

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Canada saw 400,000 credit card fraud incidents in 2023.

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Account takeover fraud via credit cards up 20% in EU 2023.

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U.S. credit card debt is projected to reach $1.2 trillion by end of 2025.

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Global credit card market to grow at 8.5% CAGR to $12 trillion by 2030.

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Contactless credit card adoption expected to hit 90% in U.S. by 2027.

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AI-driven fraud detection to reduce credit card losses by 30% by 2028.

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U.S. rewards credit card market share to rise to 60% by 2026.

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Europe credit card transaction volume forecast at €5 trillion by 2027.

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Buy Now Pay Later integration with credit cards to boost usage 25% by 2025.

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Digital wallets overtaking credit cards for 40% of transactions by 2030 globally.

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Credit card interest rates projected to average 22% in U.S. by 2026.

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Credit card usage among U.S. 18-24 year olds to rise 20% by 2027.

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Global credit card issuers to launch 500 million new cards by 2028.

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U.S. super prime borrowers to increase credit limits 15% by 2026.

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Biometric authentication to secure 75% of credit card transactions by 2030.

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Credit card rewards spending projected at $50 billion annually U.S. by 2027.

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Asia-Pacific credit card market CAGR 12% to 2030.

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Tokenization to eliminate 90% of credit card data breaches by 2028.

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Average U.S. credit card APR forecast 21.5% in 2025.

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In 2023, average U.S. household credit card spending was $6,088 annually.

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Globally, credit card transactions totaled $45 trillion in 2022.

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U.S. credit card purchase volume hit $4.9 trillion in 2023.

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In Europe, average credit card spend per user was €2,500 in 2023.

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Travel-related credit card spending surged 35% to $1.2 trillion globally in 2023 post-pandemic.

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UK consumers averaged 12 credit card transactions per month in 2023.

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Online credit card payments accounted for 28% of total U.S. spend in 2023.

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Average annual grocery spend on credit cards in the U.S. was $2,400 per household in 2022.

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Brazil's credit card market volume reached BRL 1.2 trillion in 2023.

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Millennials in the U.S. spent 42% more on credit cards than Boomers in 2023.

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Average U.S. credit card balance was $6,501 in Q4 2023.

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Credit cards processed 27% of global retail sales in 2023.

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Average transaction value for credit cards was $85 in U.S. 2023.

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Dining out credit card spend in UK hit £50 billion in 2023.

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Gas station credit card payments totaled $450 billion in U.S. 2023.

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E-commerce credit card share reached 35% in Brazil 2023.

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Revolving credit card debt grew 10% to $1.13 trillion U.S. 2023.

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U.S. credit card delinquency rate hit 3.2% in Q4 2023.

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While our wallets are increasingly filled with plastic and our transactions are turning more digital, the reality is that today's global credit card usage spans from explosive growth and savvy rewards to alarming fraud rates and deepening debt, painting a complex picture of modern finance.

Key Takeaways

In 2023, 83% of U.S. adults had at least one credit card, up from 76% in 2019.
Globally, credit card ownership reached 3.5 billion cards in circulation by end of 2022.
In the UK, 89% of adults aged 18-34 used credit cards regularly in 2023.
In 2023, average U.S. household credit card spending was $6,088 annually.
Globally, credit card transactions totaled $45 trillion in 2022.
U.S. credit card purchase volume hit $4.9 trillion in 2023.
U.S. credit card fraud losses reached $10.2 billion in 2023.
Globally, credit card fraud accounted for 60% of all payment fraud in 2022.
In the EU, 1 in 200 credit card transactions was fraudulent in 2023.
65% of U.S. Gen Z adults (18-25) had a credit card in 2023.
Women in the U.S. held 48% of all credit cards but averaged higher balances at $8,200 vs. men's $7,900 in 2023.
Baby Boomers (55+) accounted for 35% of U.S. credit card spend despite being 25% of population in 2023.
U.S. credit card debt is projected to reach $1.2 trillion by end of 2025.
Global credit card market to grow at 8.5% CAGR to $12 trillion by 2030.
Contactless credit card adoption expected to hit 90% in U.S. by 2027.

Credit card ownership and spending are rapidly growing worldwide.

Adoption Rates

In 2023, 83% of U.S. adults had at least one credit card, up from 76% in 2019.
Globally, credit card ownership reached 3.5 billion cards in circulation by end of 2022.
In the UK, 89% of adults aged 18-34 used credit cards regularly in 2023.
India saw a 25% year-over-year increase in credit card issuance, reaching 100 million cards in 2023.
45% of credit cards in the U.S. were rewards cards as of 2022.
Brazil had 120 million active credit cards in 2023, representing 57% adult penetration.
In Australia, credit card penetration stood at 92% among adults in 2023.
China issued 800 million credit cards by 2022, with urban penetration at 40%.
Canada reported 78 million credit cards in use in 2023.
South Korea had 95% credit card ownership among adults aged 20-60 in 2023.
In 2023, 76% of U.S. credit card payments were contactless.
Japan issued 300 million credit cards with 80% penetration in urban areas in 2023.
Mexico had 45 million credit cards active in 2023, up 12% YoY.
In South Africa, credit card users grew to 15 million in 2023.
France saw 95% of adults with credit cards in 2023.

Adoption Rates Interpretation

We are hurtling toward a world where your credit card is as essential and ubiquitous as a smartphone, but with the distinct bonus of letting you buy things you don't need with money you don't have to earn points you'll never fully redeem.

Demographic Usage

65% of U.S. Gen Z adults (18-25) had a credit card in 2023.
Women in the U.S. held 48% of all credit cards but averaged higher balances at $8,200 vs. men's $7,900 in 2023.
Baby Boomers (55+) accounted for 35% of U.S. credit card spend despite being 25% of population in 2023.
Urban dwellers in India used credit cards 3x more than rural residents in 2023.
High-income U.S. households (> $100k) used credit cards for 65% of purchases vs. 40% for low-income in 2023.
African Americans had credit card approval rates 20% lower than whites in 2023 U.S. data.
In Australia, 55% of 18-24 year olds carried credit card debt in 2023.
Hispanic U.S. consumers increased credit card usage by 15% YoY in 2023.
Seniors (65+) in Canada held 22% of credit cards but only 15% of debt in 2023.
28% of U.S. Asian Americans had premium credit cards in 2023.
Low-income U.S. households (<$25k) had 55% credit card adoption in 2023.
In China, 70% of credit card users were under 40 in 2023.
UK men carried 10% higher credit card balances than women in 2023.
62% of U.S. college graduates had credit cards vs. 45% non-grads 2023.
Rural U.S. credit card usage lagged urban by 15% in 2023.
Gen X (44-59) held 30% of U.S. credit card debt in 2023.

Demographic Usage Interpretation

While Gen Z is cautiously swiping into adulthood and seniors prove age is just a number on a tab, the credit landscape reveals a sobering collage of disparate burdens, resilient spending habits, and persistent gaps in financial equity.

Fraud Incidents

U.S. credit card fraud losses reached $10.2 billion in 2023.
Globally, credit card fraud accounted for 60% of all payment fraud in 2022.
In the EU, 1 in 200 credit card transactions was fraudulent in 2023.
U.S. merchants absorbed 70% of credit card fraud costs totaling $7.1 billion in 2023.
CNP (card-not-present) fraud rose 18% to $12.5 billion globally in 2023.
UK credit card fraud losses were £1.1 billion in 2023.
85% of credit card fraud in 2023 was digital, up from 75% in 2020.
India reported 1.5 million credit card fraud cases in 2023.
Average U.S. credit card fraud loss per incident was $450 in 2023.
40% of global credit card fraudsters used stolen data from breaches in 2023.
Synthetic identity fraud, a type of credit card fraud, cost $6 billion in U.S. 2023.
3.5 billion credit card records exposed in data breaches worldwide 2023.
Mobile app credit card fraud up 55% in 2023 globally.
Australia credit card fraud losses AUD 2.2 billion in 2023.
Chargeback fraud represented 15% of total credit card disputes 2023.
EMV chip reduced U.S. counterfeit fraud by 87% since 2015 to 2023.
Canada saw 400,000 credit card fraud incidents in 2023.
Account takeover fraud via credit cards up 20% in EU 2023.

Fraud Incidents Interpretation

While the world's credit card fraud statistics are racing towards dystopian record highs, it's safe to say your data is now the most popular product for sale, with merchants, customers, and criminals all paying a hefty price for the privilege.

Future Projections

U.S. credit card debt is projected to reach $1.2 trillion by end of 2025.
Global credit card market to grow at 8.5% CAGR to $12 trillion by 2030.
Contactless credit card adoption expected to hit 90% in U.S. by 2027.
AI-driven fraud detection to reduce credit card losses by 30% by 2028.
U.S. rewards credit card market share to rise to 60% by 2026.
Europe credit card transaction volume forecast at €5 trillion by 2027.
Buy Now Pay Later integration with credit cards to boost usage 25% by 2025.
Digital wallets overtaking credit cards for 40% of transactions by 2030 globally.
Credit card interest rates projected to average 22% in U.S. by 2026.
Credit card usage among U.S. 18-24 year olds to rise 20% by 2027.
Global credit card issuers to launch 500 million new cards by 2028.
U.S. super prime borrowers to increase credit limits 15% by 2026.
Biometric authentication to secure 75% of credit card transactions by 2030.
Credit card rewards spending projected at $50 billion annually U.S. by 2027.
Asia-Pacific credit card market CAGR 12% to 2030.
Tokenization to eliminate 90% of credit card data breaches by 2028.
Average U.S. credit card APR forecast 21.5% in 2025.

Future Projections Interpretation

Despite a future dazzling with biometric locks and fraud-fighting AI, it seems we're collectively sprinting toward a glittering, reward-filled prison of debt, one effortless tap at a time.

Spending Habits

In 2023, average U.S. household credit card spending was $6,088 annually.
Globally, credit card transactions totaled $45 trillion in 2022.
U.S. credit card purchase volume hit $4.9 trillion in 2023.
In Europe, average credit card spend per user was €2,500 in 2023.
Travel-related credit card spending surged 35% to $1.2 trillion globally in 2023 post-pandemic.
UK consumers averaged 12 credit card transactions per month in 2023.
Online credit card payments accounted for 28% of total U.S. spend in 2023.
Average annual grocery spend on credit cards in the U.S. was $2,400 per household in 2022.
Brazil's credit card market volume reached BRL 1.2 trillion in 2023.
Millennials in the U.S. spent 42% more on credit cards than Boomers in 2023.
Average U.S. credit card balance was $6,501 in Q4 2023.
Credit cards processed 27% of global retail sales in 2023.
Average transaction value for credit cards was $85 in U.S. 2023.
Dining out credit card spend in UK hit £50 billion in 2023.
Gas station credit card payments totaled $450 billion in U.S. 2023.
E-commerce credit card share reached 35% in Brazil 2023.
Revolving credit card debt grew 10% to $1.13 trillion U.S. 2023.
U.S. credit card delinquency rate hit 3.2% in Q4 2023.

Spending Habits Interpretation

From the grocery store to the gas pump, the modern world runs on a frictionless river of debt, as evidenced by the staggering $45 trillion in global card swipes, yet this convenience comes at a cost, with balances and delinquencies creeping up as we collectively dine out, travel, and click 'buy now' into a $1.13 trillion hole.

Sources & References

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