How we use our Credit Cards in the UK

Here are some stats reflecting on how consumers have used their credit cards during 2006 and 2007 and some more up to date statistics for 2008.

• In 2007 there 67.3  million credit card issued
• The number if personal credit and charge card holder actually fell to about 30 million which represents about 62% of the adult population in the UK.
• The average number of credit cards per per person was 2.4 with 1.6 for debit cards
• Spending on Credit Cards in 2006 in the UK amounted to £133.2 billion
• The internet has seen a four fold rise in card payments over the last 5 years.
• The average transaction value on credit cards in the UK  was £63.22

Statistical Release

Annual figures (end – 2008)

• Number of UK-issued debit cards                                      75mill
• Number of debit card holders                                             42.1 mill
• Number of debit card purchases in the UK                    5.5bn
• Number of cash machine withdrawls                               2.9bn
• Number of cheque transactions                                         1.4bn
• Number of automated payments                                       6.0bn
• Number of UK-issued credit & debit charge cards     71.3mill
• Numbet of credit card holders                                            30.2mill
• Number of Faster payments                                                 82.8mill