Payment Card News

Credit Card Transactions

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While gross dollar volume on bank credit cards have increased 2.5 times since 1994, the average transaction has increased about 16% over the past decade. The average transaction on a general purpose credit card, carrying the VISA, MasterCard, American Express, or Discover brand, is now approaching $102, compared to $87 in 1994. Last year was the first time in the industry’s history that the average credit card transaction topped $100. The increase in credit card ticket size is clearly related to the sharp rise in debit card transactions which siphon off smaller transactions. The average off-line debit purchase transaction is currently $39.78, according to CardData (www.carddata.com).

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|_2. Avg. Bank Credit Card Transaction |
|_. 1994:| $87.28 |
|_. 1995:| $89.90 |
|_. 1996:| $91.76 |
|_. 1997:| $96.22 |
|_. 1998:| $96.52 |
|_. 1999:| $98.91 |
|_. 2000:| $99.46 |
|_. 2001:| $99.25 |
|_. 2002:| $99.76 |
|_. 2003:| $101.64 |
|_2. Source: CardData (www.carddata.com) |

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