GITNUX MARKETDATA REPORT 2024
Us Credit Card Industry Statistics
The US credit card industry represents a significant portion of consumer spending with over 340 million credit cards in circulation and total outstanding debt exceeding $1 trillion.
Statistic 1
"As of 2020, there were 511.47 million credit card holders in the U.S."
Statistic 2
"The credit card penetration rate in the U.S. in 2020 was 78.3%."
Statistic 3
"By Q2 2021, the total credit card debt in the U.S. was $790 billion."
Statistic 4
"The average credit card balance in the U.S. was $5,315 in 2020."
Statistic 5
"About 55% of U.S. adults have credit card debt."
Statistic 6
"As of 2021, there were approximately 1.06 billion credit cards in circulation in the U.S."
Statistic 7
"The average interest rate for a new credit card as of 2020 was 20.21%."
Statistic 8
"As of 2021, Visa cards accounted for 52% of total U.S. credit card purchases."
Statistic 9
"Credit card fraud losses in the U.S. totaled $8.45 billion in 2020."
Statistic 10
"Around 6% of U.S. adults have five or more credit cards."
Statistic 11
"As of 2021, American Express had a market share of 22.9% in the U.S. credit card industry."
Statistic 12
"Credit card debt was the least severe form of debt in the U.S in Q2 2021, making up about 6% of total debt."
Statistic 13
"More than 60% of Americans use credit cards for daily purchases."
Statistic 14
"Only 33% of millennials prefer credit as their primary payment method in 2020."
Statistic 15
"As of 2020, reward credit cards were the most preferred type of card, with 39.7% of respondents to a Federal Reserve survey saying they used one."
Statistic 16
"In 2020, 29% of U.S. adults did not own a credit card."
Statistic 17
"The average U.S. adult had 2.7 credit cards in 2021."
Statistic 18
"Around 40% of U.S. households carry credit card debt."
Statistic 19
"The total outstanding revolving credit in U.S was $974.4 billion as of November 2020."
Statistic 20
"Delinquency rates on credit card loans by commercial banks was 2.54% in Q2 2021."
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