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Interesting credit card statistics

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Anonymous
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Interesting credit card statistics

Just thought I'd share: http://www.indexcreditcards.com/finance/creditcardstatistics/2011-report-on-credit-card-usage-facts-...

 

1.4 billion cards in circulation

181 million cardholders (77% of adults)

7.7 average # cards per cardholder

 

Visa accounts for 38.5% of swipes

MC 24.3%

Amex 23.2%

Discover + all others 14%

 

Visa 111 million cardholders

MC 98 million

Amex 44 million

 

Amex cardholders spend on average 55% more per year on their credit cards than Visa cardholders, 115% more than MC cardholders (although this statistic is likely inflated b/c people with both an Amex and Visa may choose to use their Amex more often)

 

Average person uses a credit card 119 times a year charging an average of $88 per transaction, or $10500 annually

There were 20 billion transactions last year with a monetary value 12.9% of the GDP

 

Credit crunch or not, looks like credit cards are here to stay!

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