Canada Credit Card Industry Outlook 2022 - 2026

Key Market Indicators

The number of credit cards in Canada is projected to reach 82.4 million by 2026, up from 81.97 million in 2021. On average, this would be an increase of 0.3% year-on-year. Since 2017, the supply of Canadian credit cards has risen by an average of 1.7% annually. In 2021, Canada ranked 6th in terms of credit card numbers, with South Korea in the lead at 81.97 million. China, Japan, and Brazil followed in 2nd, 3rd, and 4th place respectively. Canadian credit card transactions are expected to reach $478.97 billion by 2026, up from $450.93 billion in 2021. On average, this would be an increase of 1.2% year-on-year. Since 2017, Canadian demand has increased by 6.1% year-on-year. In 2021, Japan led the way with transactions worth $450.93 billion. South Korea, Japan, and Canada followed in 2nd, 3rd, and 4th place respectively.

Canada Credit Card Market Data and Forecasts

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