Payment Card News

Cards Galore

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At the end of 2004, Americans carried 657 million bank credit cards, 228 million debit cards, and 550 million retail credit cards in their wallets. At the current rate of growth, the number of payment cards in the U.S. should hit 1.5 trillion by the end of this year. Based on the number of total households, there are now 6.3 bank credit cards, 2.2 debit cards, and 6.4 retail credit cards per household. Fifteen years ago, each household had 3.4 bank credit cards, 0.1 debit cards, and 4.1 retail credit cards.

       U.S. PAYMENT CARDS HISTORICAL
Year   Credit    Debit    Retail   Total
1990:   320        9        350      679 million
1995:   501       40        448      989 million
2000:   538      136        477     1151 million
2005:   672      263        565     1500 million
        Source: CardData (www.carddata.com).

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