Highlights. The credit card industry has a combined global market value by purchase volume of $19.6 trillion; projections indicate that by 2032, the consumer credit card market will be worth $21.3 trillion.
- The American credit card industry has a market value by purchase volume of $5.82 trillion; projections indicate that by 2026, the market will be worth $6.33 trillion.
- At the end of 2023, the average credit card annual percentage rate (APR) is 22.8%.
- In the United States, 83 different companies issue credit cards; 8,332 companies process credit cards and money transfers.
- The daily purchase volume on credit cards used in the United States was $15.95 billion per day in 2023.
- Cumulative daily credit card transactions in the U.S. number 151.5 million.
*The credit card industry is often separated into two sections: issuing and processing; in this report, these industries are combined and referred to collectively unless otherwise noted.
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Credit Card Issuer Statistics
The credit card market is generally separated into two industries: issuing and processing; credit card issuers administer credit programs.
- The eight (8) largest U.S. credit card issuers processed an estimated $4.64 trillion in 2023.
- The Top 8 credit card issuers process 79.8% of the total market payment volume.
- Citibank is the largest credit card issuer in terms of the number of accounts, with 95 million active accounts in 2020.
- The largest credit card issuer in terms of payment volume is Chase Bank, which facilitated $1.25 trillion in 2023 payments.
- Financial institutions are unlikely to issue credit cards to consumers with credit scores below 680.
| Issuer | 2022 Transactions | 2023 Transactions |
|---|---|---|
| Chase | $1,143 | $1,246 |
| Citibank | $563 | $594 |
| Capital One | $535 | $575 |
| Bank of America | $481 | $494 |
| U.S. Bank | $191 | $200 |
*This table excludes the four major credit card processors.
Credit Card Processor Statistics
Four major credit card processors facilitate most consumer credit transactions in the United States with cards from hundreds of different issuers.
- The most widely used credit card network is Visa, with 4.48 billion cards active worldwide.
- American Express is the only credit card processor that is also a top issuer.
- The four major processors facilitated $24.1 trillion in consumer transactions in 2023.
- The four major credit card processors in the United States are valued at a collective $850.898 billion.
- Credit card processors employ 157,900 workers worldwide.
- At least 33.0% of these employees work in the United States.
- One or more networks cover over 200 international markets.
| Company | Payment Volume (in billions) |
Number of Cards (in millions) |
|---|---|---|
| Visa | $15,114 | 4,484 |
| Mastercard | $9,030 | 2,944 |
| American Express | $1,460 | 141.2 |
| Discover | $589.2 | 305.0 |
Mastercard Statistics
The second-most widely used credit card network worldwide is Mastercard Inc.
- Mastercard’s revenue for fiscal year (FY) 2023 was $25.098 billion, up 11.4% YoY.
- Consumers charged a total of $3.445 trillion to their Mastercard credit cards in FY 2023.
- Mastercard processed a cumulative $4.437 trillion on consumer debit and prepaid cards.
- Under the Mastercard brand, 2.944 billion consumer and commercial cards are active globally.
- Mastercard directly employs 33,400 workers worldwide, not including 4,600 contractors.
- In the United States, Mastercard directly employs approximately 11,000 workers.
- Mastercard Inc. has an aggregate market value of $328.8 billion.
Visa Statistics
Visa Inc. is the most widely used credit card network in the world.
- Visa’s revenue for FY 2023 was $32.653 billion, up 11.4% YoY.
- Consumers charged a total of $5.040 trillion to their Visa credit cards in FY 2023.
- Visa processed $5.490 trillion in consumer debit transactions.
- The total number of transactions Visa processed reached 212.579 billion in FY 2023.
- 4.484 billion Visa cards are active worldwide.
- Visa directly employs 31,600 workers worldwide.
- Visa Inc. has an aggregate market value of $364.9 billion.
American Express Statistics
American Express is the third-largest credit card processor.
- American Express’ revenue for FY 2023 totaled $60.515 billion, up 14.5% YoY.
- After expenses totaling $45.079 billion, American Express netted $8.374 billion, up 11.4% YoY.
- Globally, American Express cardholders owed $126.0 billion in credit card debt at the end of 2023.
- U.S. cardholders owed $114.8 billion or 91.1% of American Express users’ credit card balances at the end of 2023.
- Global American Express cardholders owed 16.7% more at the end of 2023 than they did in 2022.
- American Express has issued 80.2 million proprietary cards active worldwide.
- 61.0 million of active American Express cards were issued by third-party institutions.
- American Express employs 74,600 people; 26,000 or 34.9% work in the United States.
- $128.1 billion is the aggregate market value of the American Express Company.
Discover Statistics
The smallest of the four major credit card networks is Discover Financial Services.
- Discover’s revenue for FY 2023 totaled $17.845 billion, up 38.7% YoY.
- The cumulative consumer credit card portfolio totals $102.3 billion, up 13.5% YoY.
- Discover made $14.438 billion from credit card interest in 2023, up 35.8% YoY.
- Discover credit card holders owe $5.872 billion in delinquent payments (at least 30 days overdue).
- Discover Financial Services has an aggregate market value of $29.098 billion.
- 21,100 employees work for Discover.
| Country | 2021 Rates | 2023 Projections |
|---|---|---|
| Canada | 82.7% | 84.0% |
| Israel | 79.1% | 79.6% |
| Iceland | 74.0% | 74.0% |
| Hong Kong SAR, China | 71.6% | 73.3% |
| Switzerland | 69.2% | 71.2% |
| Japan | 69.7% | 70.1% |
| South Korea | 68.4% | 69.8% |
| United States | 66.7% | 67.1% |
| Taiwan, province of China | 63.8% | 66.6% |
| Finland | 65.3% | 65.7% |
| Norway | 66.7% | 65.0% |
| Italy | 57.9% | 63.1% |
| Austria | 59.0% | 62.5% |
| United Kingdom | 62.1% | 62.4% |
| Denmark | 58.5% | 61.6% |
| Germany | 56.5% | 58.7% |
| Spain | 56.6% | 58.0% |
| New Zealand | 57.2% | 56.7% |
| Ireland | 55.0% | 55.5% |
| Australia | 51.4% | 50.0% |
Credit Card Consumer Statistics
There are enough active credit and debit cards in the world for every living adult to have at least one.
- More than 190.6 million or 74% of U.S. adults have a credit card account in their name.
- The average U.S. cardholder carries 4 cards and makes 205 credit card purchases per year.
- Over 75% of U.S. households have at least one general-use credit card.
- Collectively, American credit card network and issuer portfolios are worth $1.166 trillion as of the third fiscal quarter (Q3) in 2024.
- Credit cards are used in 41% of in-store transactions in the United States.
- American consumers have 600.53 million active credit card accounts, enough for every American adult to have 2 cards.
- The number of active credit card accounts increased 34.3% between 2004 and 2024.
Credit Card Industry by State
Most states are home to at least one business operating within the credit card industry.
- After Delaware and California, Nevada has the highest credit card industry market value at $19.8 billion as of 2024.
- States with the highest-valued credit card issuing industry are Delaware ($34.9 billion), Nevada ($18.3 billion), and South Dakota ($18.0 billion).
- States with the highest-valued credit card processing industry are California ($28.2 billion), New York ($11.6 billion), and Georgia ($9.7 billion).
- The states with the highest estimate of total consumer credit cards in force are California (100.1 million), Texas (75.4 million), and Florida (64.3 million).
Alabama Credit Card Industry Statistics
The credit card issuing and processing industries in Alabama have a combined market value of $327.7 million as of 2024.
- The credit card issuing industry in Alabama is worth an estimated $162.4 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $165.3 million.
- Combined, these Alabama industries directly employ 398.
- The average cardholder in Alabama carries 3.5 cards as of 2023, up from 3.42 in 2020.
- As of 2023, Alabama consumers carry an estimated total 11.4 million cards.
Alaska Credit Card Industry Statistics
The credit card issuing and processing industries in Alaska have a combined market value of $15.3 million as of 2023.
- The credit card issuing industry in Alaska is worth an estimated $9.9 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $5.4 million.
- Combined, these Alaska industries directly employ 21.
- The average cardholder in Alaska carries 3.2 cards as of 2023, up from 3.06 cards in 2020.
- As of 2023, Alaska consumers carry an estimated total 1.46 million cards.
Arizona Credit Card Industry Statistics
The credit card issuing and processing industries in Arizona have a combined market value of $3.7 billion as of 2024.
- The credit card issuing industry in Arizona is worth an estimated $1.3 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $2.4 billion.
- Combined, these Arizona industries directly employ 10,839.
- The average cardholder in Arizona carries 3.9 cards as of 2023, up from 3.73 cards in 2020.
- As of 2023, Arizona consumers carry an estimated total 18.7 million cards.
Arkansas Credit Card Industry Statistics
The credit card issuing and processing industries in Arkansas have a combined market value of $664.5 million as of 2024.
- The credit card issuing industry in Arkansas is worth an estimated $110.3 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $554.2 million.
- Combined, these Arkansas industries directly employ 1,359.
- The average cardholder in Arkansas carries 3.5 cards as of 2023, up from 3.48 cards in 2020.
- As of 2023, Arkansas consumers carry an estimated total 6.78 million cards.
California Credit Card Industry Statistics
The credit card issuing and processing industries in California have a combined market value of $30.6 billion as of 2024.
- The credit card issuing industry in California is worth an estimated $2.4 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $28.2 billion.
- Combined, these California industries directly employ 33,871.
- The average cardholder in California carries 4.0 cards as of 2023, up from 3.93 cards in 2020.
- As of 2023, California consumers carry an estimated total 100.1 million cards.
Colorado Credit Card Industry Statistics
The credit card issuing and processing industries in Colorado have a combined market value of $7.74 billion as of 2024.
- The credit card issuing industry in Colorado is worth an estimated $942.4 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $6.8 billion.
- Combined, these Colorado industries directly employ 9,131.
- The average cardholder in Colorado carries 3.7 cards as of 2023, up from 3.68 cards in 2020.
- As of 2023, Colorado consumers carry an estimated total 14.1 million cards.
Connecticut Credit Card Industry Statistics
The credit card issuing and processing industries in Connecticut have a combined market value of $5.83 billion as of 2024.
- The credit card issuing industry in Connecticut is worth an estimated $5.4 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $429.5 million.
- Combined, these Connecticut industries directly employ 1,245.
- The average cardholder in Connecticut carries 4.2 cards as of 2023, down from 4.21 cards in 2020.
- As of 2023, Connecticut consumers carry an estimated total 9.97 million cards.
Delaware Credit Card Industry Statistics
The credit card issuing and processing industries in Delaware have a combined market value of $36.0 billion as of 2024.
- The credit card issuing industry in Delaware is worth an estimated $34.9 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $1.1 billion.
- Combined, these Delaware industries directly employ 7,941.
- The average cardholder in Delaware carries 4.2 cards as of 2023, up from 4.10 cards in 2020.
- As of 2023, Delaware consumers carry an estimated total 2.82 million cards.
Florida Credit Card Industry Statistics
The credit card issuing and processing industries in Florida have a combined market value of $12.1 billion as of 2024.
- The credit card issuing industry in Florida is worth an estimated $4.8 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $7.3 billion.
- Combined, these Florida industries directly employ 18,874.
- The average cardholder in Florida carries 4.3 cards as of 2023, up from 4.15 cards in 2020.
- As of 2023, Florida consumers carry an estimated total 64.3 million cards.
Georgia Credit Card Industry Statistics
The credit card issuing and processing industries in Georgia have a combined market value of $13.1 billion as of 2024.
- The credit card issuing industry in Georgia is worth an estimated $3.4 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $9.7 billion.
- Combined, these Georgia industries directly employ 17,737.
- The average cardholder in Georgia carries 3.9 cards as of 2023, up from 3.76 cards in 2020.
- As of 2023, Georgia consumers carry an estimated total 27.2 million cards.
Hawaii Credit Card Industry Statistics
The credit card issuing and processing industries in Hawaii have a combined market value of $32.3 million as of 2024.
- The credit card issuing industry in Hawaii is worth an estimated $6.7 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $25.6 million.
- Combined, these Hawaii industries directly employ 115.
- The average cardholder in Hawaii carries 3.6 cards as of 2023, up from 3.56 cards in 2020.
- As of 2023, Hawaii consumers carry an estimated total 3.37 million cards.
Idaho Credit Card Industry Statistics
The credit card issuing and processing industries in Idaho have a combined market value of $247.0 million as of 2024.
- The credit card issuing industry in Idaho is worth an estimated $179.8 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $67.2 million.
- Combined, these Idaho industries directly employ 308.
- The average cardholder in Idaho carries 3.6 cards as of 2023, down from 3.56 cards in 2020.
- As of 2023, Idaho consumers carry an estimated total 4.42 million cards.
Illinois Credit Card Industry Statistics
The credit card issuing and processing industries in Illinois have a combined market value of $7.9 billion as of 2024.
- The credit card issuing industry in Illinois is worth an estimated $4.6 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $3.3 billion.
- Combined, these Illinois industries directly employ 9,309.
- The average cardholder in Illinois carries 4.1 cards as of 2023, up from 4.04 cards in 2020.
- As of 2023, Illinois consumers carry an estimated total 33.1 million cards.
Indiana Credit Card Industry Statistics
The credit card issuing and processing industries in Indiana have a combined market value of $1.42 billion as of 2024.
- The credit card issuing industry in Indiana is worth an estimated $115.5 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $1.3 billion.
- Combined, these Indiana industries directly employ 1,970.
- The average cardholder in Indiana carries 3.7 cards as of 2023, up from 3.65 cards in 2020.
- As of 2023, Indiana consumers carry an estimated total 16.0 million cards.
Iowa Credit Card Industry Statistics
The credit card issuing and processing industries in Iowa have a combined market value of $2.75 billion as of 2024.
- The credit card issuing industry in Iowa is worth an estimated $1.9 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $847.9 million.
- Combined, these Iowa industries directly employ 2,521.
- The average cardholder in Iowa carries 3.5 cards as of 2023, up from 3.48 cards in 2020.
- As of 2023, Iowa consumers carry an estimated total 7.11 million cards.
Kansas Credit Card Industry Statistics
The credit card issuing and processing industries in Kansas have a combined market value of $922.3 million as of 2024.
- The credit card issuing industry in Kansas is worth an estimated $277.2 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $645.1 million.
- Combined, these Kansas industries directly employ 1,973.
- The average cardholder in Kansas carries 3.6 cards as of 2023, down from 3.67 cards in 2020.
- As of 2023, Kansas consumers carry an estimated total 6.63 million cards.
Kentucky Credit Card Industry Statistics
The credit card issuing and processing industries in Kentucky have a combined market value of $2.40 billion as of 2024.
- The credit card issuing industry in Kentucky is worth an estimated $604.4 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $1.8 billion.
- Combined, these Kentucky industries directly employ 4,225.
- The average cardholder in Kentucky carries 3.6 cards as of 2023, up from 3.56 cards in 2020.
- As of 2023, Kentucky consumers carry an estimated total 10.4 million cards.
Louisiana Credit Card Industry Statistics
The credit card issuing and processing industries in Louisiana have a combined market value of $190.0 million as of 2024.
- The credit card issuing industry in Louisiana is worth an estimated $44.6 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $145.5 million.
- Combined, these Louisiana industries directly employ 269.
- The average cardholder in Louisiana carries 3.5 cards as of 2023, up from 3.47 cards in 2020.
- As of 2023, Louisiana consumers carry an estimated total 10.1 million cards.
Maine Credit Card Industry Statistics
The credit card issuing and processing industries in Maine have a combined market value of $1.11 billion as of 2024.
- The credit card issuing industry in Maine is worth an estimated $561.8 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $542.7 million.
- Combined, these Maine industries directly employ 1,926.
- The average cardholder in Maine carries 3.5 cards as of 2023, down from 3.45 cards in 2020.
- As of 2023, Maine consumers carry an estimated total 3.29 million cards.
Maryland Credit Card Industry Statistics
The credit card issuing and processing industries in Maryland have a combined market value of $5.0 billion as of 2024.
- The credit card issuing industry in Maryland is worth an estimated $2.1 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $2.9 billion.
- Combined, these Maryland industries directly employ 7,145.
- The average cardholder in Maryland carries 3.9 cards as of 2023, down from 3.91 cards in 2020.
- As of 2023, Maryland consumers carry an estimated total 15.4 million cards.
Massachusetts Credit Card Industry Statistics
The credit card issuing and processing industries in Massachusetts have a combined market value of $1.50 billion as of 2024.
- The credit card issuing industry in Massachusetts is worth an estimated $533.2 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $962.4 million.
- Combined, these Massachusetts industries directly employ 1,422.
- The average cardholder in Massachusetts carries 3.9 cards as of 2023, up from 3.89 cards in 2020.
- As of 2023, Massachusetts consumers carry an estimated total 18.1 million cards.
Michigan Credit Card Industry Statistics
The credit card issuing and processing industries in Michigan have a combined market value of $573.2 million as of 2024.
- The credit card issuing industry in Michigan is worth an estimated $52.8 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $520.4 million.
- Combined, these Michigan industries directly employ 2,135.
- The average cardholder in Michigan carries 3.8 cards as of 2023, down from 3.81 cards in 2020.
- As of 2023, Michigan consumers carry an estimated total 24.7 million cards.
Minnesota Credit Card Industry Statistics
The credit card issuing and processing industries in Minnesota have a combined market value of $1.95 billion as of 2024.
- The credit card issuing industry in Minnesota is worth an estimated $752.4 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $1.2 billion.
- Combined, these Minnesota industries directly employ 2,869.
- The average cardholder in Minnesota carries 3.6 cards as of 2023, down from 3.62 cards in 2020.
- As of 2023, Minnesota consumers carry an estimated total 13.1 million cards.
Mississippi Credit Card Industry Statistics
The credit card issuing and processing industries in Mississippi have a combined market value of $106.8 million as of 2024.
- The credit card issuing industry in Mississippi is worth an estimated $78.2 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $28.6 million.
- Combined, these Mississippi industries directly employ 143.
- The average cardholder in Mississippi carries 3.4 cards as of 2023, up from 3.26 cards in 2020.
- As of 2023, Mississippi consumers carry an estimated total 6.3 million cards.
Missouri Credit Card Industry Statistics
The credit card issuing and processing industries in Missouri have a combined market value of $14.7 billion as of 2024.
- The credit card issuing industry in Missouri is worth an estimated $11.3 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $3.4 billion.
- Combined, these Missouri industries directly employ 6,286.
- The average cardholder in Missouri carries 3.8 cards as of 2023, up from 3.74 cards in 2020.
- As of 2023, Missouri consumers carry an estimated total 15.0 million cards.
Montana Credit Card Industry Statistics
The credit card issuing and processing industries in Montana have a combined market value of $93.4 million as of 2024.
- The credit card issuing industry in Montana is worth an estimated $44.8 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $48.6 million.
- Combined, these Montana industries directly employ 99.
- The average cardholder in Montana carries 3.4 cards as of 2023, up from 3.31 cards in 2020.
- As of 2023, Montana consumers carry an estimated total 2.5 million cards.
Nebraska Credit Card Industry Statistics
The credit card issuing and processing industries in Nebraska have a combined market value of $4.82 billion as of 2024.
- The credit card issuing industry in Nebraska is worth an estimated $223.8 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $4.6 billion.
- Combined, these Nebraska industries directly employ 8,705.
- The average cardholder in Nebraska carries 3.7 cards as of 2023, up from 3.68 cards in 2020.
- As of 2023, Nebraska consumers carry an estimated total 4.54 million cards.
Nevada Credit Card Industry Statistics
The credit card issuing and processing industries in Nevada have a combined market value of $19.8 billion as of 2024.
- The credit card issuing industry in Nevada is worth an estimated $18.3 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $1.5 billion.
- Combined, these Nevada industries directly employ 2,627.
- The average cardholder in Nevada carries 4.1 cards as of 2023, up from 3.95 cards in 2020.
- As of 2023, Nevada consumers carry an estimated total 8.43 million cards.
New Hampshire Credit Card Industry Statistics
The credit card issuing and processing industries in New Hampshire have a combined market value of $258.7 million as of 2024.
- The credit card issuing industry in New Hampshire is worth an estimated $88.2 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $170.5 million.
- Combined, these New Hampshire industries directly employ 222.
- The average cardholder in New Hampshire carries 3.9 cards as of 2023, level with the 3.9 cards in 2020.
- As of 2023, New Hampshire consumers carry an estimated total 3.67 million cards.
New Jersey Credit Card Industry Statistics
The credit card issuing and processing industries in New Jersey have a combined market value of $2.36 billion as of 2024.
- The credit card issuing industry in New Jersey is worth an estimated $461.9 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $1.9 billion.
- Combined, these New Jersey industries directly employ 3,766.
- The average cardholder in New Jersey carries 4.5 cards as of 2023, down from 4.54 cards in 2020.
- As of 2023, New Jersey consumers carry an estimated total 26.9 million cards.
New Mexico Credit Card Industry Statistics
The credit card issuing and processing industries in New Mexico have a combined market value of $78.6 million as of 2024.
- The credit card issuing industry in New Mexico is worth an estimated $46.1 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $32.5 million.
- Combined, these New Mexico industries directly employ 127.
- The average cardholder in New Mexico carries 3.5 cards as of 2023, up from 3.38 cards in 2020.
- As of 2023, New Mexico consumers carry an estimated total 4.77 million cards.
New York Credit Card Industry Statistics
The credit card issuing and processing industries in New York have a combined market value of $17.0 billion as of 2024.
- The credit card issuing industry in New York is worth an estimated $5.4 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $11.6 billion.
- Combined, these New York industries directly employ 20,227.
- The average cardholder in New York carries 4.1 cards as of 2023, down from 4.14 cards in 2020.
- As of 2023, New York consumers carry an estimated total 52.5 million cards.
North Carolina Credit Card Industry Statistics
The credit card issuing and processing industries in North Carolina have a combined market value of $1.41 billion as of 2024.
- The credit card issuing industry in North Carolina is worth an estimated $536.0 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $877.8 million.
- Combined, these North Carolina industries directly employ 2,705.
- The average cardholder in North Carolina carries 3.8 cards as of 2023, up from 3.65 cards in 2020.
As of 2023, North Carolina consumers carry an estimated total 26.5 million cards.
North Dakota Credit Card Industry Statistics
The credit card issuing and processing industries in North Dakota have a combined market value of $760.6 million as of 2024.
- The credit card issuing industry in North Dakota is worth an estimated $17.7 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $742.9 million.
- Combined, these North Dakota industries directly employ 453.
- The average cardholder in North Dakota carries 3.6 cards as of 2023, up from 3.52 cards in 2020.
- As of 2023, North Dakota consumers carry an estimated total 1.77 million cards.
Ohio Credit Card Industry Statistics
The credit card issuing and processing industries in Ohio have a combined market value of $8.6 billion as of 2024.
- The credit card issuing industry in Ohio is worth an estimated $5.2 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $3.4 billion.
- Combined, these Ohio industries directly employ 14,450.
- The average cardholder in Ohio carries 4.0 cards as of 2023, up from 3.96 cards in 2020.
- As of 2023, Ohio consumers carry an estimated total 30.2 million cards.
Oklahoma Credit Card Industry Statistics
The credit card issuing and processing industries in Oklahoma have a combined market value of $147.8 million as of 2024.
- The credit card issuing industry in Oklahoma is worth an estimated $5.1 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $142.7 million.
- Combined, these Oklahoma industries directly employ 466.
- The average cardholder in Oklahoma carries 3.5 cards as of 2023, up from 3.40 cards in 2020.
- As of 2023, Oklahoma consumers carry an estimated total 8.86 million cards.
Oregon Credit Card Industry Statistics
The credit card issuing and processing industries in Oregon have a combined market value of $724.5 million as of 2024.
- The credit card issuing industry in Oregon is worth an estimated $95.1 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $629.4 million.
- Combined, these Oregon industries directly employ 1,132.
- The average cardholder in Oregon carries 3.5 cards as of 2023, up from 3.43 cards in 2020.
- As of 2023, Oregon consumers carry an estimated total 9.76 million cards.
Pennsylvania Credit Card Industry Statistics
The credit card issuing and processing industries in Pennsylvania have a combined market value of $3.8 billion as of 2024.
- The credit card issuing industry in Pennsylvania is worth an estimated $2.4 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $1.4 billion.
- Combined, these Pennsylvania industries directly employ 3,738.
- The average cardholder in Pennsylvania carries 4.0 cards as of 2023, down from 4.05 cards in 2020.
- As of 2023, Pennsylvania consumers carry an estimated total 33.9 million cards.
Rhode Island Credit Card Industry Statistics
The credit card issuing and processing industries in Rhode Island have a combined market value of $204.3 million as of 2024.
- The credit card issuing industry in Rhode Island is worth an estimated $54.0 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $150.3 million.
- Combined, these Rhode Island industries directly employ 645.
- The average cardholder in Rhode Island carries 4.2 cards as of 2023, up from 4.16 cards in 2020.
- As of 2023, Rhode Island consumers carry an estimated total 3.07 million cards.
South Carolina Credit Card Industry Statistics
The credit card issuing and processing industries in South Carolina have a combined market value of $475.3 million as of 2024.
- The credit card issuing industry in South Carolina is worth an estimated $360.4 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $114.9 million.
- Combined, these South Carolina industries directly employ 319.
- The average cardholder in South Carolina carries 3.8 cards as of 2023, up from 3.62 cards in 2020.
- As of 2023, South Carolina consumers carry an estimated total 13.2 million cards.
South Dakota Credit Card Industry Statistics
The credit card issuing and processing industries in South Dakota have a combined market value of $18.2 billion as of 2024.
- The credit card issuing industry in South Dakota is worth an estimated $18.0 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $178.3 million.
- Combined, these South Dakota industries directly employ 3,740.
- The average cardholder in South Dakota carries 3.3 cards as of 2023, up from 3.22 cards in 2020.
- As of 2023, South Dakota consumers carry an estimated total 1.89 million cards.
Tennessee Credit Card Industry Statistics
The credit card issuing and processing industries in Tennessee have a combined market value of $3.8 billion as of 2024.
- The credit card issuing industry in Tennessee is worth an estimated $1.8 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $2.0 billion.
- Combined, these Tennessee industries directly employ 6,000.
- The average cardholder in Tennessee carries 3.6 cards as of 2023, up from 3.54 cards in 2020.
- As of 2023, Tennessee consumers carry an estimated total 16.4 million cards.
Texas Credit Card Industry Statistics
The credit card issuing and processing industries in Texas have a combined market value of $16.6 billion as of 2024.
- The credit card issuing industry in Texas is worth an estimated $7.2 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $9.4 billion.
- Combined, these Texas industries directly employ 30,261.
- The average cardholder in Texas carries 4.0 cards as of 2023, up from 3.91 cards in 2020.
- As of 2023, Texas consumers carry an estimated total 75.3 million cards.
Utah Credit Card Industry Statistics
The credit card issuing and processing industries in Utah have a combined market value of $7.8 billion as of 2024.
- The credit card issuing industry in Utah is worth an estimated $6.4 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $1.4 billion.
- Combined, these Utah industries directly employ 9,874.
- The average cardholder in Utah carries 3.5 cards as of 2023, down from 3.49 cards in 2020.
- As of 2023, Utah consumers carry an estimated total 7.13 million cards.
Vermont Credit Card Industry Statistics
The credit card issuing and processing industries in Vermont have a combined market value of $30.4 million as of 2024.
- The credit card issuing industry in Vermont is worth an estimated $8.3 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $22.1 million.
- Combined, these Vermont industries directly employ 65.
- The average cardholder in Vermont carries 3.3 cards as of 2023, down from 3.35 cards in 2020.
- As of 2023, Vermont consumers carry an estimated total 1.44 million cards.
Virginia Credit Card Industry Statistics
The credit card issuing and processing industries in Virginia have a combined market value of $17.0 billion as of 2024.
- The credit card issuing industry in Virginia is worth an estimated $15.4 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $1.6 billion.
- Combined, these Virginia industries directly employ 13,200.
- The average cardholder in Virginia carries 3.9 cards as of 2023, up from 3.83 cards in 2020.
- As of 2023, Virginia consumers carry an estimated total 21.9 million cards.
Washington Credit Card Industry Statistics
The credit card issuing and processing industries in Washington have a combined market value of $2.3 billion as of 2024.
- The credit card issuing industry in Washington is worth an estimated $1.0 billion.
- The state’s credit card processing and money transferring industry is valued at an estimated $1.3 billion.
- Combined, these Washington industries directly employ 2,449.
- The average cardholder in Washington carries 3.6 cards as of 2023, up from 3.53 cards in 2020.
- As of 2023, Washington consumers carry an estimated total 18.2 million cards.
West Virginia Credit Card Industry Statistics
The credit card issuing and processing industries in West Virginia have a combined market value of $51.3 million as of 2024.
- The credit card issuing industry in West Virginia is worth an estimated $12.2 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $39.1 million.
- West Virginia’s credit card processing and money transferring industry employs 111.
- The average cardholder in West Virginia carries 3.7 cards as of 2023, down from 3.60 cards in 2020.
- As of 2023, West Virginia consumers carry an estimated total 4.3 million cards.
Wisconsin Credit Card Industry Statistics
The credit card issuing and processing industries in Wisconsin have a combined market value of $1.30 billion as of 2024.
- The credit card issuing industry in Wisconsin is worth an estimated $364.8 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $909.6 million.
- Combined, these Wisconsin industries directly employ 2,058.
- The average cardholder in Wisconsin carries 3.7 cards as of 2023, down from 3.62 cards in 2020.
- As of 2023, Wisconsin consumers carry an estimated total 14.1 million cards.
Wyoming Credit Card Industry Statistics
The credit card issuing and processing industries in Wyoming have a combined market value of $138.8 million as of 2024.
- The credit card issuing industry in Wyoming is worth an estimated $12.6 million.
- The state’s credit card processing and money transferring industry is valued at an estimated $126.2 million.
- Combined, these Wyoming industries directly employ 67.
- The average cardholder in Wyoming carries 3.3 cards as of 2023, up from 3.28 cards in 2020.
- As of 2023, Wyoming consumers carry an estimated total 1.23 cards.
Sources
- Federal Reserve (Fed) Bank of New York, Center for Microeconomic Data
- United States Census Bureau, Population and Housing Unit Estimates Tables
- CNBC
- U.S. Securities and Exchange Commission, Corporate Filings
- Statista, Credit Cards Worldwide – Statistics and Facts
- Nilson Report, Newsletter Archives
- Fed Board of Governors, Credit Card Profitability
- Consumer Financial Protection Bureau, Consumer Credit Card Market Report
- IBISWorld, U.S. State Industry Reports
- Motley Fool Money
- Experian, Ask Experian
- Federal Reserve Bank of St. Louis