Highlights. In 2023, nationwide credit card transactions totaled 53.8 billion for an average of 147.5 million per day, 6.15 million per hour, 102,450 per minute. or 1,708 per second.
- Total global credit card transactions were an estimated 724 billion in 2023 for an average of 1.98 billion per day, 82.6 million per hour, 1.34 million per minute, 22,950 per second.
- The average U.S. cardholder makes 251 credit card transactions per year or one transaction every 1¾ days.
- American consumers use credit cards to pay for 4-in-10 in-store purchases.
| Increment | Transactions per |
| second | 1,708 |
| minute | 102,452 |
| hour | 6,147,136 |
| day | 147,531,266 |
| week | 1,035,556,001 |
| month | 4,487,409,339 |
| quarter | 13,462,228,018 |
| year | 53,848,912,070 |
Credit Card Transactions per Processor
The world’s three (3) largest credit card processors facilitate over 700 billion transactions per year.
- The total number of transactions Visa processed reached 212.6 billion in their FY ending September 2023.
- Visa, Inc. processed an estimated 268 billion global payment transactions in the 2023 calendar year.
- UnionPay processed an estimated 300 billion global transactions in 2023.
- Mastercard processed an estimated 175 billion transactions in 2023.
- Other credit card processors, including Discover and American Express, processed an estimated 21.2 billion transactions.
| Increment | Transactions per |
| second | 22,952 |
| minute | 1,377,146 |
| hour | 82,628,745 |
| day | 1,983,089,888 |
| week | 13,919,765,563 |
| month | 60,318,984,105 |
| quarter | 180,956,952,315 |
| year | 723,827,809,261 |
Credit Card Transaction Volume Statistics
Transaction volume refers to the transacted dollar value.
- Americans used credit cards for an estimated $5.20 trillion in purchases in 2023 for an average daily purchase rate of $14.2 billion.
- The average U.S. transaction is for $96.49.
- The four major U.S. processors facilitated $24.366 trillion in global consumer transactions in 2023.
| Increment | Transaction Values per |
| second | $164,761 |
| minute | $9,885,655 |
| hour | $593,139,328 |
| day | $14,235,343,879 |
| week | $99,921,163,766 |
| month | $432,991,709,653 |
| quarter | $1,298,975,128,959 |
| year | $5,195,900,515,836 |
These data and insights were compiled by the Capital One Shopping team based on publicly available data.