Highlights. The credit card industry has a combined global market value of $730.7 billion; projections indicate that by 2031, the consumer credit card market will be worth $1.269 trillion.

  • The American credit card industry* has a market value of $337.2 billion; projections indicate that by 2031, the market will be worth $490.2 billion.
  • As of July 2023, the average credit card annual percentage rate (APR) is 20.69%.
  • In the United States, 85 different companies issue credit cards; 3,788 companies process credit cards and money transfers.
  • Americans used credit cards for an estimated $4.98 trillion in purchases in 2022 for an average daily purchase rate of $13.6 billion.
  • Cumulative daily credit card transactions in the U.S. number 150 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.

Line Graph: Average U.s. Credit Card APR as of January 1st from 2013 (11.9%) to 2023 (19.6%) according to the Federal Reserve Board of Governors

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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 15 largest U.S. credit card issuers processed an estimated $4.5 trillion in 2022.
  • The Top 5 credit card issuers process 77.7% of the Top 15 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 $950 billion in 2021 payments.
  • Financial institutions are unlikely to issue cards to credit cards to consumers with credit scores below 650.
Top Credit Card Issuers* by Total Payment Volume in Billions
Issuer 2021 Transactions 2020 Transactions
Chase $950 $744
Citibank $483 $400
Capital One $455 $353
Bank of America $414 $339
U.S. Bank $166 $137

*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 nearly 4 billion cards active worldwide.
  • American Express is the only credit card processor that is also a top issuer.
  • The four major processors facilitated $17.042 trillion in consumer transactions in 2021.
  • The four major credit card processors in the United States are valued at a collective $850.041 billion.
  • Credit card processors employ 131,200 workers worldwide.
  • At least 17.4% (but no more than 50.3%) of these employees work in the United States.
  • One or more networks cover over 200 international markets.
2021 Major Credit Card Processors
Company Payment Volume
(in trillions)
Number of Cards
(in billions)
Visa $8.867 3.936
Mastercard $6.852 2.579
Discover $0.223 0.199
American Express $1.100 0.122

Mastercard Statistics

The second-most widely used credit card network worldwide is Mastercard Inc.

  • Mastercard’s revenue for fiscal year (FY) 2021 was $18.884 billion, up 23.4% YoY.
  • Consumers charged a total of $2.899 trillion to their Mastercard credit cards in FY 2021.
  • Mastercard processed a cumulative $3.953 trillion on consumer debit and prepaid cards.
  • Under the Mastercard brand, 2.588 billion consumer and commercial cards are active globally.
  • Mastercard directly employs 24,000 workers worldwide, not including 3,900 contractors.
  • In the United States, Mastercard directly employs approximately 840 workers.
  • Mastercard Inc. has an aggregate market value of $317.9 billion.

Line Graph: Quarterly Average U.S. Credit Card APR from 2020 Q3 (14.6%) to 2023 Q1 (20.1%) according to the Federal Reserve Board of Governors

Visa Statistics

Visa Inc. is the most widely used credit card network in the world.

  • Visa’s revenue for FY 2022 was $29.31 billion, up 21.6% YoY.
  • Consumers charged a total of $4.732 trillion to their Visa credit cards in FY 2022.
  • Visa processed $5.309 trillion in consumer debit transactions.
  • The total number of transactions Visa processed reached 192.53 billion in FY 2022.
  • 3.936 billion Visa cards are active worldwide.
  • Visa directly employs 26,500 workers worldwide.
  • Visa Inc. has an aggregate market value of $365.5 billion.

Line Graph: Historical Quarterly Average U.S. Credit Card APR from 1995 Q1 (16.10%) to 2020 Q4 (14.65%) with a period low in 2008 Q2 (11.99%)

American Express Statistics

American Express is the third-largest credit card processor.

  • American Express’ revenue for FY 2021 totaled $42.380 billion,  up 17.4% YoY.
  • After expenses totaling $33.110 billion, American Express netted $8.060 billion, up 157% YoY.
  • Globally, American Express cardholders owed $88.6 billion in credit card debt at the end of 2021.
  • U.S. cardholders owed $76.9 billion or 86.8% of American Express users’ credit card debt at the end of 2021.
  • Global American Express cardholders owed 20.7% more in 2021 than they did in 2020; U.S. cardholders owed 19.8% more.
  • American Express has issued 71.4 million proprietary cards active worldwide.
  • 50.3 million of active American Express cards were issued by third-party institutions.
  • American Express employs 64,000 people; 22,000 or 34.4% work in the United States.
  • $131.1 billion is the aggregate market value of the American Express Company.

Grouped Bar Graph: Credit Scores Among U.S. Cardholders among credit cardholders and all according to the Consumer Financial Protection Bureau

Discover Statistics

The smallest of the four major credit card networks is Discover Financial Services.

  • Discover’s revenue for FY 2021 totaled $5.449 billion, up 378% YoY.
  • The cumulative consumer credit card portfolio $74.369 billion, up 4.05% YoY.
  • Discover made $8.717 billion from credit card interest in 2021, down 3.0% YoY.
  • Discover credit card holders owe $1.794 billion in delinquent payments (at least 30 days overdue).
  • Discover Financial Services has an aggregate market value of $35.541 billion.
  • 16,700 employees work for Discover.
20 Highest Credit Card User Penetration Rates Worldwide
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.

  • 186.6 million or 70% of U.S. adults have a credit card account in their name.
  • The average U.S. cardholder carries 3 credit cards (down from 4 as recorded in 2019) and makes 210 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 $930 billion as of the third fiscal quarter (Q3) in 2022.
  • Credit cards are used in 40% of in-store transactions in the United States.
  • American consumers have 555.36 million active credit card accounts, enough for every American adult to have 2 cards.
  • The number of active credit card accounts increased 18.2% between 2003 and 2022.

Bar Graph: World's Largest Credit Card Issuer Portfolios in billions according to Nilson Report'

Credit Card Industry by State

Most states are home to at least one business operating within the credit card industry.

  • After California and New York, Virginia has the highest credit card industry market value at $24.4 trillion as of 2023.
  • States with the highest-valued credit card issuing industry are New York ($29.0 trillion), Virginia ($22.8 trillion), and Florida ($18.1 trillion).
  • States with the highest-valued credit card processing industry are California ($53.0 trillion), Texas ($10.1 trillion), and Georgia ($9.83 trillion).
  • The states with the highest estimate of total consumer credit cards in force are California (76.9 million), Texas (56.9 million), and Florida (46.5 million).

National Map: Credit Card Industry Value by state according to IBISWorld

Alabama Credit Card Industry Statistics

The credit card issuing and processing industries in Alabama have a combined market value of $1.729 billion as of 2023.

  • The credit card issuing industry in Alabama is worth an estimated $1.704 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $24.6 million.
  • Combined, these Alabama industries directly employ 578.
  • The average cardholder in Alabama carries 3.0 cards as of 2021, down from 3.42 in 2020.
  • As of 2022, Alabama consumers carry an estimated total 8.32 million cards.

Alaska Credit Card Industry Statistics

The credit card processing and money transferring market in Alaska is worth $1.445 million as of 2023.

  • Alaska’s credit card processing and money transferring industry employs 13.
  • The average cardholder in Alaska carries 2.8 cards as of 2021, down from 3.06 cards in 2020.
  • As of 2022, Alaska consumers carry an estimated total 1.09 million cards.
  • Statistics from Alaska credit card issuers are unavailable.

Arizona Credit Card Industry Statistics

The credit card issuing and processing industries in Arizona have a combined market value of $6.915 billion as of 2023.

  • The credit card issuing industry in Arizona is worth an estimated $2.435 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $4.480 billion.
  • Combined, these Arizona industries directly employ 19,058.
  • The average cardholder in Arizona carries 3.4 cards as of 2021, down from 3.73 cards in 2020.
  • As of 2022, Arizona consumers carry an estimated total 13.7 million cards.

Arkansas Credit Card Industry Statistics

The credit card issuing and processing industries in Arkansas have a combined market value of $1.980 billion as of 2023.

  • The credit card issuing industry in Arkansas is worth an estimated $391 million.
  • The state’s credit card processing and money transferring industry is valued at an estimated $1.590 billion.
  • Combined, these Arkansas industries directly employ 3,489.
  • The average cardholder in Arkansas carries 3.0 cards as of 2021, down from 3.48 cards in 2020.
  • As of 2022, Arkansas consumers carry an estimated total 4.932 million cards.

California Credit Card Industry Statistics

The credit card issuing and processing industries in California have a combined market value of $56.688 billion as of 2023.

  • The credit card issuing industry in California is worth an estimated $3.652 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $53.036 billion.
  • Combined, these California industries directly employ 31,311.
  • The average cardholder in California carries 3.6 cards as of 2021, down from 3.93 cards in 2020.
  • As of 2022, California consumers carry an estimated total 76.9 million cards.

Colorado Credit Card Industry Statistics

The credit card issuing and processing industries in Colorado have a combined market value of $7.775 billion as of 2023.

  • The credit card issuing industry in Colorado is worth an estimated $4.017 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $3.757 billion.
  • Combined, these Colorado industries directly employ 10,547.
  • The average cardholder in Colorado carries 3.4 cards as of 2021, down from 3.68 cards in 2020.
  • As of 2022, Colorado consumers carry an estimated total 11.0 million cards.

Connecticut Credit Card Industry Statistics

The credit card issuing and processing industries in Connecticut have a combined market value of $10.398 billion as of 2023.

  • The credit card issuing industry in Connecticut is worth an estimated $10.226 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $172 million.
  • Combined, these Connecticut industries directly employ 2,700.
  • The average cardholder in Connecticut carries 3.8 cards as of 2021, down from 4.21 cards in 2020.
  • As of 2022, Connecticut consumers carry an estimated total 7.701 million cards.

Delaware Credit Card Industry Statistics

The credit card issuing and processing industries in Delaware have a combined market value of $17.438 billion as of 2023.

  • The credit card issuing industry in Delaware is worth an estimated $16.678 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $760 million.
  • Combined, these Delaware industries directly employ 8,865.
  • The average cardholder in Delaware carries 3.7 cards as of 2021, down from 4.10 cards in 2020.
  • As of 2022, Delaware consumers carry an estimated total 2.099 million cards.

Florida Credit Card Industry Statistics

The credit card issuing and processing industries in Florida have a combined market value of $23.774 billion as of 2023.

  • The credit card issuing industry in Florida is worth an estimated $18.138 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $5.636.
  • Combined, these Florida industries directly employ 23,456.
  • The average cardholder in Florida carries 3.7 cards as of 2021, down from 4.15 cards in 2020.
  • As of 2022, Florida consumers carry an estimated total 46.5 million cards.

Georgia Credit Card Industry Statistics

The credit card issuing and processing industries in Georgia have a combined market value of $15.548 as of 2023.

  • The credit card issuing industry in Georgia is worth an estimated $5.722 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $9.827 billion.
  • Combined, these Georgia industries directly employ 19,236.
  • The average cardholder in Georgia carries 3.4 cards as of 2021, down from 3.76 cards in 2020.
  • As of 2022, Georgia consumers carry an estimated total 20.0 million cards.

National Map: Credit Card Industry Employment by State according to IBISWorld

Hawaii Credit Card Industry Statistics

The credit card issuing and processing industries in Hawaii have a combined market value of $1.185 billion as of 2023.

  • The credit card issuing industry in Hawaii is worth an estimated $1.148 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $37.6 million.
  • Combined, these Hawaii industries directly employ 255.
  • The average cardholder in Hawaii carries 3.3 cards as of 2021, down from 3.56 cards in 2020.
  • As of 2022, Hawaii consumers carry an estimated total 2.640 million cards.

Idaho Credit Card Industry Statistics

The credit card issuing and processing industries in Idaho have a combined market value of $1.036 billion as of 2023.

  • The credit card issuing industry in Idaho is worth an estimated $1.012 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $24.6 million.
  • Combined, these Idaho industries directly employ 596.
  • The average cardholder in Idaho carries 3.2 cards as of 2021, down from 3.56 cards in 2020.
  • As of 2022, Idaho consumers carry an estimated total 3.305 million cards.

Illinois Credit Card Industry Statistics

The credit card issuing and processing industries in Illinois have a combined market value of $11.974 billion as of 2023.

  • The credit card issuing industry in Illinois is worth an estimated $7.061 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $4.913 billion.
  • Combined, these Illinois industries directly employ 12,506.
  • The average cardholder in Illinois carries 3.6 cards as of 2021, down from 4.04 cards in 2020.
  • As of 2022, Illinois consumers carry an estimated total 24.9 million cards.

Indiana Credit Card Industry Statistics

The credit card issuing and processing industries in Indiana have a combined market value of $1.184 billion as of 2023.

  • The credit card issuing industry in Indiana is worth an estimated $684 million.
  • The state’s credit card processing and money transferring industry is valued at an estimated $500 million.
  • Combined, these Indiana industries directly employ 2,618.
  • The average cardholder in Indiana carries 3.2 cards as of 2021, down from 3.65 cards in 2020.
  • As of 2022, Indiana consumers carry an estimated total 11.8 million cards.

Iowa Credit Card Industry Statistics

The credit card processing and money transferring industry in Iowa has a market value of $897 million as of 2023.

  • Iowa’s credit card processing and money transferring industry employs 2,067.
  • The average cardholder in Iowa carries 3.1 cards as of 2021, down from 3.48 cards in 2020.
  • As of 2022, Iowa consumers carry an estimated total 5.373 million cards.
  • Statistics from Iowa credit card issuers are unavailable.

Kansas Credit Card Industry Statistics

The credit card issuing and processing industries in Kansas have a combined market value of $1.798 billion as of 2023.

  • The credit card issuing industry in Kansas is worth an estimated $649 million.
  • The state’s credit card processing and money transferring industry is valued at an estimated $1.149 billion.
  • Combined, these Kansas industries directly employ 1,659.
  • The average cardholder in Kansas carries 3.3 cards as of 2021, down from 3.67 cards in 2020.
  • As of 2022, Kansas consumers carry an estimated total 5.189 million cards.

Kentucky Credit Card Industry Statistics

The credit card issuing and processing industries in Kentucky have a combined market value of $2.404 billion as of 2023.

  • The credit card issuing industry in Kentucky is worth an estimated $1.339 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $1.065 billion.
  • Combined, these Kentucky industries directly employ 3,256.
  • The average cardholder in Kentucky carries 3.2 cards as of 2021, down from 3.56 cards in 2020.
  • As of 2022, Kentucky consumers carry an estimated total 7.857 million cards.

Louisiana Credit Card Industry Statistics

The credit card issuing and processing industries in Louisiana have a combined market value of $2.408 billion as of 2023.

  • The credit card issuing industry in Louisiana is worth an estimated $2.313 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $95.4 million.
  • Combined, these Louisiana industries directly employ 435.
  • The average cardholder in Louisiana carries 3.1 cards as of 2021, down from 3.47 cards in 2020.
  • As of 2022, Louisiana consumers carry an estimated total 7.657 million cards.

Maine Credit Card Industry Statistics

The credit card issuing and processing industries in Maine have a combined market value of $1.730 billion as of 2023.

  • The credit card issuing industry in Maine is worth an estimated $1.183 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $546 million.
  • Combined, these Maine industries directly employ 929.
  • The average cardholder in Maine carries 3.1 cards as of 2021, down from 3.45 cards in 2020.
  • As of 2022, Maine consumers carry an estimated total 2.468 million cards.

National Map: Active Consumer Credit Cards according to CNBC and the U.S. Census Bureau

Maryland Credit Card Industry Statistics

There is insufficient data available regarding Maryland’s credit card issuing and processing industries.

  • The average cardholder in Maryland carries 3.6 cards as of 2021, down from 3.91 cards in 2020.
  • As of 2022, Maryland consumers carry an estimated total 12.1 million cards.

Massachusetts Credit Card Industry Statistics

The credit card issuing and processing industries in Massachusetts have a combined market value of $822 million as of 2023.

  • The credit card issuing industry in Massachusetts is worth an estimated $295 million.
  • The state’s credit card processing and money transferring industry is valued at an estimated $527 million.
  • Combined, these Massachusetts industries directly employ 1,075.
  • The average cardholder in Massachusetts carries 3.6 cards as of 2021, down from 3.89 cards in 2020.
  • As of 2022, Massachusetts consumers carry an estimated total 14.2 million cards.

Michigan Credit Card Industry Statistics

The credit card issuing and processing industries in Michigan have a combined market value of $1.817 billion as of 2023.

  • The credit card issuing industry in Michigan is worth an estimated $228 million.
  • The state’s credit card processing and money transferring industry is valued at an estimated $1.590 billion.
  • Combined, these Michigan industries directly employ 2,221.
  • The average cardholder in Michigan carries 3.4 cards as of 2021, down from 3.81 cards in 2020.
  • As of 2022, Michigan consumers carry an estimated total 18.9 million cards.

Minnesota Credit Card Industry Statistics

The credit card issuing and processing industries in Minnesota have a combined market value of $1.389 as of 2023.

  • The credit card issuing industry in Minnesota is worth an estimated $785 million.
  • The state’s credit card processing and money transferring industry is valued at an estimated $604 million.
  • Combined, these Minnesota industries directly employ 2,006.
  • The average cardholder in Minnesota carries 3.3 cards as of 2021, down from 3.62 cards in 2020.
  • As of 2022, Minnesota consumers carry an estimated total 10.2 million cards.

Mississippi Credit Card Industry Statistics

The credit card issuing and processing industries in Mississippi have a combined market value of $691 million as of 2023.

  • The credit card issuing industry in Mississippi is worth an estimated $645 million.
  • The state’s credit card processing and money transferring industry is valued at an estimated $46.2 million.
  • Combined, these Mississippi industries directly employ 254.
  • The average cardholder in Mississippi carries 2.8 cards as of 2021, down from 3.26 cards in 2020.
  • As of 2022, Mississippi consumers carry an estimated total 4.434 million cards.

Missouri Credit Card Industry Statistics

There is insufficient data available regarding Missouri’s credit card issuing and processing industries.

  • The average cardholder in Missouri carries 3.3 cards as of 2021, down from 3.74 cards in 2020.
  • As of 2022, Missouri consumers carry an estimated total 11.1 million cards.

Montana Credit Card Industry Statistics

The credit card issuing and processing industries in Montana have a combined market value of $157 million as of 2023.

  • The credit card issuing industry in Montana is worth an estimated $34.1 million.
  • The state’s credit card processing and money transferring industry is valued at an estimated $123 million.
  • Combined, these Montana industries directly employ 197.
  • The average cardholder in Montana carries 2.9 cards as of 2021, down from 3.31 cards in 2020.
  • As of 2022, Montana consumers carry an estimated total 1.805 million cards.

Nebraska Credit Card Industry Statistics

The credit card issuing and processing industries in Nebraska have a combined market value of $4.518 billion as of 2023.

  • The credit card issuing industry in Nebraska is worth an estimated $1.339 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $3.179 billion.
  • Combined, these Nebraska industries directly employ 10,919.
  • The average cardholder in Nebraska carries 3.4 cards as of 2021, down from 3.68 cards in 2020.
  • As of 2022, Nebraska consumers carry an estimated total 3.549 million cards.

Nevada Credit Card Industry Statistics

The credit card issuing and processing industries in Nevada have a combined market value of $1.238 billion as of 2023.

  • The credit card issuing industry in Nevada is worth an estimated $475 million.
  • The state’s credit card processing and money transferring industry is valued at an estimated $763 million.
  • Combined, these Nevada industries directly employ 1,734.
  • The average cardholder in Nevada carries 3.6 cards as of 2021, down from 3.95 cards in 2020.
  • As of 2022, Nevada consumers carry an estimated total 6.270 million cards.

New Hampshire Credit Card Industry Statistics

The credit card processing and money transferring industry in New Hampshire has a market value of $250 million as of 2023.

  • The New Hampshire credit card processing and money transferring industry directly employs 468.
  • The average cardholder in New Hampshire carries 3.6 cards as of 2021, down from 3.90 cards in 2020.
  • As of 2022, New Hampshire consumers carry an estimated total 2.879 million cards.

New Jersey Credit Card Industry Statistics

The credit card issuing and processing industries in New Jersey have a combined market value of $2.571 billion as of 2023.

  • The credit card issuing industry in New Jersey is worth an estimated $2.069 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $501 million.
  • Combined, these New Jersey industries directly employ 1,242.
  • The average cardholder in New Jersey carries 4.1 cards as of 2021, down from 4.54 cards in 2020.
  • As of 2022, New Jersey consumers carry an estimated total 20.9 million cards.

New Mexico Credit Card Industry Statistics

The credit card issuing and processing industries in New Mexico have a combined market value of $1.359 billion as of 2023.

  • The credit card issuing industry in New Mexico is worth an estimated $1.339 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $20.2 million.
  • Combined, these New Mexico industries directly employ 498.
  • The average cardholder in New Mexico carries 3.1 cards as of 2021, down from 3.38 cards in 2020.
  • As of 2022, New Mexico consumers carry an estimated total 3.589 million cards.

New York Credit Card Industry Statistics

The credit card issuing and processing industries in New York have a combined market value of $37.354 billion as of 2023.

  • The credit card issuing industry in New York is worth an estimated $28.973 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $8.382 billion.
  • Combined, these New York industries directly employ 19,078.
  • The average cardholder in New York carries 3.8 cards as of 2021, down from 4.14 cards in 2020.
  • As of 2022, New York consumers carry an estimated total 41.7 million cards.

National Map: Average Number of Credit Cards per Cardholder according to CNBC

North Carolina Credit Card Industry Statistics

The credit card issuing and processing industries in North Carolina have a combined market value of $1.930 as of 2023.

  • The credit card issuing industry in North Carolina is worth an estimated $1.339 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $591 million.
  • Combined, these North Carolina industries directly employ 3,996.
  • The average cardholder in North Carolina carries 3.3 cards as of 2021, down from 3.65 cards in 2020.
  • As of 2022, North Carolina consumers carry an estimated total 19.4 million cards.

North Dakota Credit Card Industry Statistics

The credit card processing and money transferring industry in North Dakota has a market value of $195 million as of 2023.

  • North Dakota’s credit card processing and money transferring industry employs 763.
  • The average cardholder in North Dakota carries 3.2 cards as of 2021, down from 3.52 cards in 2020.
  • As of 2022, North Dakota consumers carry an estimated total 1.336 million cards.
  • Statistics from North Dakota credit card issuers are unavailable.

Ohio Credit Card Industry Statistics

The credit card issuing and processing industries in Ohio have a combined market value of $16.722 billion as of 2023.

  • The credit card issuing industry in Ohio is worth an estimated $11.8 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $4.913 billion.
  • Combined, these Ohio industries directly employ 21,177.
  • The average cardholder in Ohio carries 3.5 cards as of 2021, down from 3.96 cards in 2020.
  • As of 2022, Ohio consumers carry an estimated total 22.5 million cards.

Oklahoma Credit Card Industry Statistics

The credit card issuing and processing industries in Oklahoma have a combined market value of $1.740 billion as of 2023.

  • The credit card issuing industry in Oklahoma is worth an estimated $1.704 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $36.1 million.
  • Combined, these Oklahoma industries directly employ 993.
  • The average cardholder in Oklahoma carries 2.9 cards as of 2021, down from 3.40 cards in 2020.
  • As of 2022, Oklahoma consumers carry an estimated total 6.225 million cards.

Oregon Credit Card Industry Statistics

The credit card issuing and processing industries in Oregon have a combined market value of $5.407 billion as of 2023.

  • The credit card issuing industry in Oregon is worth an estimated $4.748 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $659 million.
  • Combined, these Oregon industries directly employ 2,214.
  • The average cardholder in Oregon carries 3.1 cards as of 2021, down from 3.43 cards in 2020.
  • As of 2022, Oregon consumers carry an estimated total 7.385 million cards.

Pennsylvania Credit Card Industry Statistics

The credit card issuing and processing industries in Pennsylvania have a combined market value of $2.253 billion as of 2023.

  • The credit card issuing industry in Pennsylvania is worth an estimated $663 million.
  • The state’s credit card processing and money transferring industry is valued at an estimated $1.590 billion.
  • Combined, these Pennsylvania industries directly employ 3,648.
  • The average cardholder in Pennsylvania carries 3.6 cards as of 2021, down from 4.05 cards in 2020.
  • As of 2022, Pennsylvania consumers carry an estimated total 26.1 million cards.

Rhode Island Credit Card Industry Statistics

The credit card processing and money transferring industry in Rhode Island has a market value of $156 million as of 2023.

  • Rhode Island’s credit card processing and money transferring industry employs 385.
  • The average cardholder in Rhode Island carries 3.7 cards as of 2021, down from 4.16 cards in 2020.
  • As of 2022, Rhode Island consumers carry an estimated total 2.305 million cards.
  • Statistics from Rhode Island credit card issuers are unavailable.

South Carolina Credit Card Industry Statistics

The credit card issuing and processing industries in South Carolina have a combined market value of $238 million as of 2023.

  • The credit card issuing industry in South Carolina is worth an estimated $155 million.
  • The state’s credit card processing and money transferring industry is valued at an estimated $83.8 million.
  • Combined, these South Carolina industries directly employ 241.
  • The average cardholder in South Carolina carries 3.2 cards as of 2021, down from 3.62 cards in 2020.
  • As of 2022, South Carolina consumers carry an estimated total 9.329 million cards.

National Map: Annual Decline in Number of Cards per Cardholder, from 2019 to 2021, according to CNBC and Experian

South Dakota Credit Card Industry Statistics

The credit card issuing and processing industries in South Dakota have a combined market value of $5.398 billion as of 2023.

  • The credit card issuing industry in South Dakota is worth an estimated $5.235 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $163 million.
  • Combined, these South Dakota industries directly employ 4,651.
  • The average cardholder in South Dakota carries 3.0 cards as of 2021, down from 3.22 cards in 2020.
  • As of 2022, South Dakota consumers carry an estimated total 1.450 million cards.

Tennessee Credit Card Industry Statistics

The credit card processing and money transferring industry in Tennessee has a market value of $1.460 billion as of 2023.

  • The average cardholder in Tennessee carries 3.1 cards as of 2021, down from 3.54 cards in 2020.
  • As of 2022, Tennessee consumers carry an estimated total 12.0 million cards.
  • Statistics from Tennessee credit card issuers are unavailable.

Texas Credit Card Industry Statistics

The credit card issuing and processing industries in Texas have a combined market value of $19.002 billion as of 2023.

  • The credit card issuing industry in Texas is worth an estimated $8.887 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $10.116 billion.
  • Combined, these Texas industries directly employ 36,079.
  • The average cardholder in Texas carries 3.6 cards as of 2021, down from 3.91 cards in 2020.
  • As of 2022, Texas consumers carry an estimated total 56.9 million cards.

Utah Credit Card Industry Statistics

The credit card issuing and processing industries in Utah have a combined market value of $10.233 billion as of 2023.

  • The credit card issuing industry in Utah is worth an estimated $8.643 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $1.590 billion.
  • Combined, these Utah industries directly employ 9,645.
  • The average cardholder in Utah carries 3.2 cards as of 2021, down from 3.49 cards in 2020.
  • As of 2022, Utah consumers carry an estimated total 5.486 million cards.

Vermont Credit Card Industry Statistics

The credit card issuing and processing industries in Vermont have a combined market value of $1.180 billion as of 2023.

  • The credit card issuing industry in Vermont is worth an estimated $1.160 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $20.3 million.
  • Combined, these Vermont industries directly employ 199.
  • The average cardholder in Vermont carries 3.0 cards as of 2021, down from 3.35 cards in 2020.
  • As of 2022, Vermont consumers carry an estimated total 1.118 million cards.

Virginia Credit Card Industry Statistics

The credit card issuing and processing industries in Virginia have a combined market value of $24.354 billion as of 2023.

  • The credit card issuing industry in Virginia is worth an estimated $22.764 billion.
  • The state’s credit card processing and money transferring industry is valued at an estimated $1.590 billion.
  • Combined, these Virginia industries directly employ 8,059.
  • The average cardholder in Virginia carries 3.5 cards as of 2021, down from 3.83 cards in 2020.
  • As of 2022, Virginia consumers carry an estimated total 16.7 million cards.

Washington Credit Card Industry Statistics

There is insufficient data available regarding Washington’s credit card issuing and processing industries.

  • The average cardholder in Washington carries 3.2 cards as of 2021, down from 3.53 cards in 2020.
  • As of 2022, Washington consumers carry an estimated total 13.8 million cards.

West Virginia Credit Card Industry Statistics

The credit card processing and money transferring industry in West Virginia has a market value of $72.3 million as of 2023.

  • West Virginia’s credit card processing and money transferring industry employs 113.
  • The average cardholder in West Virginia carries 3.1 cards as of 2021, down from 3.60 cards in 2020.
  • As of 2022, West Virginia consumers carry an estimated total 3.088 million cards.
  • Statistics from West Virginia credit card issuers are unavailable.

Wisconsin Credit Card Industry Statistics

The credit card issuing and processing industries in Wisconsin have a combined market value of $570 million as of 2023.

  • The credit card issuing industry in Wisconsin is worth an estimated $362 million.
  • The state’s credit card processing and money transferring industry is valued at an estimated $208 million.
  • Combined, these Wisconsin industries directly employ 934.
  • The average cardholder in Wisconsin carries 3.3 cards as of 2021, down from 3.62 cards in 2020.
  • As of 2022, Wisconsin consumers carry an estimated total 10.7 million cards.

Wyoming Credit Card Industry Statistics

The credit card processing and money transferring industry in Wyoming has a market value of $59.2 billion as of 2023.

  • Wyoming’s credit card processing and money transferring industry employs 118.
  • The average cardholder in Wyoming carries 2.9 cards as of 2021, down from 3.28 cards in 2020.
  • As of 2022, Wyoming consumers carry an estimated total 916,072 cards.
  • Statistics from Wyoming credit card issuers are unavailable.

National Map: Average Credit Score Among States according to Experian

Sources

  1. Federal Reserve (Fed) Bank of New York, Center for Microeconomic Data
  2. United States Census Bureau, Population and Housing Unit Estimates Tables
  3. CNBC
  4. U.S. Securities and Exchange Commission, Corporate Filings
  5. Statista, Credit Cards Worldwide – Statistics and Facts
  6. Nilson Report, Newsletter Archives
  7. Fed Board of Governors, Credit Card Profitability
  8. Consumer Financial Protection Bureau, Consumer Credit Card Market Report
  9. IBISWorld, U.S. State Industry Reports
  10. Allied Market Research, Latest Reports