Key Market Indicators
The number of credit cards in the United States is projected to hit approximately 1.09 billion by 2028, marking a slight increase from around 1.08 billion in 2023. This represents a virtually flat growth rate of 0% year-on-year. Over the past decade, the American supply has declined by an average of 0.4% annually. In the global ranking, China, Japan, and Brazil follow the United States as the second, third, and fourth largest markets, respectively. Meanwhile, the value of American credit card transactions is expected to reach $4.56 trillion by 2028, up from $4.04 trillion in 2023. This indicates an average annual growth rate of 1.8%. Since 2017, the demand for credit card transactions in the U.S. has increased by 2.1% per year. On the international stage, South Korea, Japan, and Canada occupy the second, third, and fourth spots, respectively, in transaction value rankings.
