![]() ![]() and 737 million cards in the rest of the world in September 2017. 4 For comparison, there were 336 million Visa credit cards in circulation in the U.S. and 798 million Visa credit cards in circulation outside of the U.S. There were 343 million Visa credit cards in circulation in the U.S. credit payments volume was $1.97 trillion, down from $2.15 trillion the year before. Visa is the largest of the four major U.S. See related: How do credit card companies make money? They accounted for 91.5% of all credit card payments, compared to private label cards at 8.5%. was 40.9 billion in 2018, according to the 2019 Federal Reserve Payments Study. 3 And the total number of general-purpose credit card transactions in the U.S. General-purpose credit card payments had a value of $3.64 trillion in 2018, up 9.1% from 2015. general-purpose credit card transactions in 2019 (based on cards issued by the four major networks – Visa, Mastercard, American Express and Discover), accounting for almost $4 trillion in dollar volume. ![]() 1 The top 10 card issuers held 81.4% of credit card balances outstanding in 2019. ![]() The credit card industry is a big business, and it is dominated by a handful of companies.Īmerican consumers collectively were juggling $974 billion in credit card debt as of the end of 2020, according to the Federal Reserve consumer credit report. ![]()
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