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Credit Cards & Personal Loans in Europe

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Credit Cards in United Kingdom
As at 31st October 2022, the outstanding credit card balances stood at £59.717 billions, an increase of £56 millions or 0.09% compares to £59.661 billions at the end of September 2022. There are 60.120 millions credit cards(54.439 million accounts) at the end of October 2022, an increase of 170,000 or 0.28% compares to 59.950 millions at the end of September 2022. The total card spending for October 2022 is £17.644 billions, generated from 352.271 millions of transactions(average £50 per transaction). £225 millions is recorded for cash withdrawals, generated from 1.675 millions transactions(average £134 per transaction). £1,342 millions is recorded for balance transfers, generated from 656,000 transactions(average £2,046 per transaction).

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Europe Credit Cards & Personal Loans at a glance

  • As at 31 January 2023, there are 16,632,660 convenience credit cards and extended credit cards in Sweden(306,455 or 1.81% lower compares to 17,259,753 as at end of December 2022), with the outstanding balance stood at SEK69.079 billions.

    As at 31 December 2021, the number of credit cards in Sweden decrease by 1.00% to 6,673,500. The total credit cards spending for 2021 in Sweden up by 10.80% to €23.6 billions(out of 526.4 millions transactions).

    As at 31 December 2022, the outstanding balance for consumer credit in Sweden(which is inclusive of credit cards and personal loans) stood at €25,302 millions, a decrease by €694 millions or 2.67% compares to €25,996 millions as at 30 November 2022.



  • As at 31 October 2022, there are 60.120 millions credit cards in the United Kingdom, with outstanding balances of £59.717 billions. The total credit cards spending for October 2022 in UK is £17.644 billions, out of 352.271 millions transactions. There are 656,000 balance transfer transactions amounted to £1,342 millions recorded in October 2022.

    Credit cards fraud in United Kingdom for 2020 decrease by 7.48% to £574.2m, 72.19% or £414.5m of card fraud is committed in UK, while £159.7m or 27.81% is committed abroad.

    As at 31 January 2023, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in United Kingdom stood at £115,196 millions, an increase by £1,833 millions or 1.62% compares to £113,363 millions as at 31 December 2022.



  • As at 31 July 2022, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Germany stood at €197,919 millions, an increase by €312 millions or 0.16% compares to €197,607 millions as at 30 June 2022.

    As at 31 July 2022, the credit card outstanding balance in Germany stood at €9,070 millions, a decrease by €233 millions or 2.50% compares to €9,303 millions as at 30 June 2022.

    As at 31 December 2021, the number of credit cards in Germany decrease by 0.89% to 5,787,100. The total cards spending for 2021 in Germany increased by 14.29% to €8.8 billions, out of 162.3 millions transactions.



  • As at 31 July 2022, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Netherlands stood at €10,337 millions, a decrease by €11 millions or 0.11% compares to €10,348 millions as at 30 June 2022.

    As at 31 July 2022, the credit card outstanding balance in Netherlands stood at €1,191 millions, an increase by €79 millions or 7.10% compares to €1,112 millions as at 30 June 2022.

    As at 31 December 2021, there are 6,278,968 cards with a credit and/or delayed debit function in Netherlands. For the 12 months ended 31 December 2021, 202.382 millions transactions is recorded, generating €15.417 billions in total spending.
    As at 31 December 2020, there are 6,096,313 cards with a credit and/or delayed debit function in Netherlands. For the 12 months ended 31 December 2020, 187.035 millions transactions is recorded, generating €13.752 billions in total spending.

    As at 31 December 2021, the number of cards with a credit and/or delayed debit function in Netherlands increase by 3.00% to 6,279,000. The total cards(with a credit and/or delayed debit function) spending for 2021 in Netherlands reduced by 8.05% to €13.7 billions, with 7.59% increase in number of card transactions.
    As at 31 December 2021, there are 437,900 credit cards in Netherlands, a decrease of 11.16% compares to the same period a year ago.



  • As at 31 December 2021, there are 5,061,000 cards with credit function in Norway, a decrease of 235,000 or 4.44% compares to 5,296,000 in the end of 2020. For the 12 months ended 31 December 2021, a total of NOK161.4 billions recorded from 266.30 millions credit card transactions.

    As at 30 June 2022, the the outstanding balance for credit card loans in Norway stood at NOK43,778 million, an increase of NOK510 millions or 1.18% compares to NOK43,268 millions as at 31 March 2022.

    As at 30 June 2022, the the outstanding balance for household loans in Norway stood at NOK3,965,421 million, an increase of NOK58,583 millions or 1.50% compares to NOK3,906,838 millions as at 31 March 2022.



  • As at 31 December 2021, there are 38.55 millions credit cards in Spain, an increase of 0.11 millions or 0.29% compares to 38.44 millions as at 30 September 2021. For the 6 months ended 30 June 2022, 3,459.029 millions payment card transactions(credit and debit cards) recorded at point of sales, with a total value of €108,712.14 millions.

    As at 31 December 2021, the number of cards with a credit and/or delayed debit function in Spain increase by 1.37% to 41,142,000. The total cards(with a credit and/or delayed debit function) spending for 2021 in Spain increase by 24.60% to €94.2 billions, with 30.24% increase in number of card transactions.

    As at 31 July 2022, the outstanding balance for consumer credit, which is inclusive of credit cards and personal loans in Spain stood at €91,732 millions, an increase by €149 millions or 0.16% compares to €91,583 millions as at 30 June 2022.

    As at 31 July 2022, the credit card outstanding balance in Spain stood at €21,334 millions, an increase by €20 millions or 0.09% compares to €21,314 millions as at 30 June 2022.



  • As at 31 August 2022, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Belgium stood at €11,774 millions, a decrease by €13 millions or 0.11% compares to €11,761 millions as at 31 July 2022.

    As at 31 August 2022, the credit card outstanding balance in Belgium stood at €1,235 millions, a decrease by €66 millions or 5.07% compares to €1,301 millions as at 31 July 2022.

    As at 31 December 2021, there are 2,120,700 credit cards in Belgium. The total credit cards spending in Belgium for 2021 is €6.2 billion, out of 100.4 millions transactions.



  • As at 31 July 2022, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Finland stood at €17,160 millions, an increase by €70 millions or 0.41% compares to €17,090 millions as at 30 June 2022.

    As at 31 July 2022, the credit card outstanding balance in Finland stood at €3,593 millions, an increase by €31 millions or 0.87% compares to €3,562 millions as at 30 June 2022.

    As at 31 December 2021, there are 4,385,800 credit cards in Finland. The total credit cards spending in Finland for 2021 is €7.1 billions, out of 139.3 millions transactions.



  • As at 31 August 2022, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in France stood at €190,661 millions, a decrease by €340 millions or 0.18% compares to €191,001 millions as at 31 July 2022.

    As at 31 August 2022, the credit card outstanding balance in France stood at €7,170 millions, an increase by €87 millions or 1.23% compares to €7,083 millions as at 31 July 2022.

    As at 31 December 2021, there are 12,117,000 credit cards in France, generating €30.5 billions from 648.1 millions credit card transactions.



  • As at 30 September 2022, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Italy stood at €114,205 millions, a decrease by €333 millions or 0.29% compares to €113,872 millions as at 31 August 2022.

    As at 30 September 2022, the credit card outstanding balance in Italy stood at €7,622 millions, a decrease by €179 millions or 2.29% compares to €7,801 millions as at 31 August 2022.

    As at 31 December 2021, the number of cards with a credit and/or delayed debit function in Italy decrease by 0.86% to 27,069,800. The total cards(with a credit and/or delayed debit function) spending for 2021 in Italy increase by 12.20% to €84.6 billions, with 18.18% increase in number of card transactions.



  • As at 30 September 2022, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Denmark stood at €15,685 millions, an increase by €217 millions or 1.40% compares to €15,468 millions as at 31 August 2022.

    For the 6 months ended 30 June 2020, 30.543 millions credit card transactions recorded in Denmark, generating DKK21.043 billions in total spending.

    As at 31 December 2020, the number of credit cards in Denmark decrease by 3.97% to 1,667,000. The total cards spending for 2020 in Denmark decrease by 26.76% to €5.2 billions, with 16.94% decrease recorded in number of card transactions.



  • As at 31 May 2022, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Poland stood at €44,376 millions, an increase by €1,033 millions or 2.38% compares to €43,343 millions as at 30 April 2022.

  • As at 31 December 2020, the number of credit cards in Poland decrease by 6.38% to 5,416,900. The total cards spending for 2020 in Poland down by 10.53% to €10.2 billions, with 6.97% decrease recorded in number of card transactions.



  • As at 31 May 2022, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Austria stood at €17,754 millions, an increase by €944 millions or 5.62% compares to €16,810 millions as at 30 April 2022.

    As at 31 May 2022, the credit card outstanding balance in Austria stood at €1,252 millions, an increase by €6 millions or 0.48% compares to €1,246 millions as at 30 April 2022.

    As at 31 December 2020, the number of credit cards in Austria decrease by 0.61% to 1,307,600. The total cards spending for 2020 in Austria decreased by 21.88% to €5.0 billions, with 7.70% decrease in number of card transactions.



  • As at 31 July 2022, there are 8,444,227 cardholders in Switzerland, with 60,058,000 transactions amounting to CHF$4.688 billion recorded in the month.

    As at 31 December 2020, the number of credit cards in Switzerland increase by 10.58% to 7,981,882. A total of 514.52 millions credit card transactions recorded in 2020 with CHF$39.48 billions in value.



  • As at 31 December 2021, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Hungary stood at €11,425 millions, a decrease by €68 millions or 0.59% compares to €11,493 millions as at 30 November 2021.

    As at 31 December 2019, the number of credit cards in Hungary decrease by 1.74% to 1,261,400. The total cards spending for 2019 in Hungary rise by 18.18% to €2.8 billions, with 11.60% increase in number of card transactions.



  • As at 31 December 2021, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Czech Republic stood at €11,341 millions, an increase by €335 millions or 3.04% compares to €11,006 millions as at 30 November 2021.

    As at 31 December 2019, the number of credit cards in Czech Republic decrease by 2.98% to 1,564,400. The total credit cards spending for 2019 in Czech Republic fell by 12.50% to €3.5 billions, with 7.64% decrease in number of card transactions.



  • As at 31 December 2021, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Latvia stood at €521 millions, an increase by €2 millions or 0.39% compares to €519 millions as at 30 November 2021.

    As at 31 December 2021, the credit card outstanding balance in Latvia stood at €116 millions, a decrease by €3 millions or 2.52% compares to €119 millions as at 30 November 2021.

    As at 31 December 2019, the number of credit cards in Latvia decrease by 12.12% to 262,200. The total credit cards spending for 2019 in Latvia stagnant at €0.9 billions, despite 5.19% increase in number of card transactions.



  • As at 31 December 2021, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Lithuania stood at €776 millions, a decrease by €5 millions or 0.64% compares to €781 millions as at 30 November 2021.

    As at 31 December 2021, the credit card outstanding balance in Lithuania stood at €57 millions, a decrease by €8 millions or 12.31% compares to €65 millions as at 30 November 2021.

    As at 31 December 2019, the number of credit cards in Lithuania decrease by 11.48% to 334,600. The total credit cards spending for 2019 in Lithuania stagnant at €0.9 billions, despite 6.25% increase in number of card transactions.



  • As at 31 December 2021, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Estonia stood at €592 millions, an increase by €1 millions or 0.17% compares to €591 millions as at 30 November 2021.

    As at 31 December 2021, the credit card outstanding balance in Estonia stood at €154 millions, an increase by €2 millions or 1.32% compares to €152 millions as at 30 November 2021.

    As at 31 December 2019, the number of credit cards in Estonia decrease by 2.17% to 329,000. The total credit cards spending for 2019 in Estonia up stagnant at €1.0 billions, with 5.52% increase in number of card transactions.



  • As at 31 October 2021, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Portugal stood at €19,304 millions, an increase by €72 millions or 0.37% compares to €19,232 millions as at 30 September 2021.

    As at 31 October 2021, the credit card outstanding balance in Portugal stood at €2,551 millions, a decrease by €15 millions or 0.58% compares to €2,566 millions as at 30 September 2021.

    As at 31 December 2019, the number of cards with a credit and/or delayed debit function in Portugal decrease by 8.60% to 7,735,000. The total cards credit and/or delayed debit function spending for 2019 in Portugal decrease by 10.53% to €3.4 billions, with 3.77% decrease in number of card transactions.



  • As at 31 October 2021, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Romania stood at €12,524 millions, a decrease by €15 millions or 0.12% compares to at €12,539 millions as at 30 September 2021.

    As at 31 December 2019, the number of credit cards in Romania increase by 4.41% to 3,027,200. The total credit cards spending for 2019 in Romania rise by 15.38% to €3.0 billions, with 15.93% increase in number of card transactions.



  • As at 31 October 2021, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Bulgaria stood at €7,235 millions, an increase by €47 millions or 0.65% compares to €7,188 millions as at 30 September 2021.

    As at 31 December 2019, the number of credit cards in Bulgaria increase by 0.33% to 1,243,700. The total credit cards spending for 2019 in Bulgaria rise by 23.08% to €1.6 billions, with 33.11% increase in number of card transactions.



  • As at 31 October 2021, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Croatia stood at €1,331 millions, a decrease by €9 millions or 0.67% compares to €1,340 millions as at 30 September 2021.

    As at 31 December 2019, the number of credit cards in Croatia increase by 37.93% to 178,900. The total credit cards spending for 2019 in Croatia stagnant at €0.1 with 23.53% decrease in number of card transactions.



  • As at 30 November 2021, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Slovakia stood at €5,717 millions, a decrease by €10 millions or 0.17% compares to €5,727 millions as at 31 October 2021.

    As at 30 November 2021, the credit card outstanding balance in Slovakia stood at €287 millions, an increase by €9 millions or 3.24% compares to €278 millions as at 31 October 2021.

    The total credit cards spending for 2019 in Slovakia rise by 15.38% to €1.5 billions, with 13.60% increase in number of card transactions.



  • As at 30 November 2021, the consumer credit outstanding balance, which is inclusive of credit cards and personal loans in Ireland stood at €11,663 millions, an increase by €80 millions or 0.69% compares to €11,583 millions as at 31 October 2021.

    As at 30 November 2021, the credit card outstanding balance in Ireland stood at €1,557 millions, an increase by €81 millions or 5.49% compares to €1,476 millions as at 31 October 2021.

    As at 31 December 2019, the number of credit cards in Ireland decrease by 4.97% to 1,871,100. The total credit cards spending for 2019 in Ireland rise by 23.47% to €12.1 billions, with 18.37% increase in number of card transactions.



  • As at 30 November 2021, the loans granted to resident individuals outstanding balance in Russia stood at RUR24,121,739 millions, an increase by RUR219,369 millions or 0.92% compares to RUR23,902,370 millions as at 31 October 2021.

    As at 31 December 2020, the outstanding balance for loans granted to resident individuals in Russia stood at RUR19,925,666 millions, an increase of 13.44% compares to the same period a year ago.

    As at 30 June 2021, the number of credit cards in Russia has increased by 3.03% to 40,328,000 in 6 months period. For the 6 months ended 30 June 2021, 23,132.6 millions payment card(debit and credit card) transactions recorded in Russia, generating RUR20,246.1 billions.

    As at 31 December 2020, the number of credit cards in Russia has increased by 5.27% to 39,143,000 in 12 months period. For the 12 months ended 31 December 2020, 39,423.5 millions payment card(debit and credit card) transactions recorded in Russia, generating RUR34,095.0 billions.

    As at 31 December 2019, the number of credit cards in Russia increase by 5.99% to 37,184,000. The total credit cards spending for 2019 in Russia up by 30.58% to RUR3.16 trillions, with 36.43% increase in number of card transactions.



  • As at 31 December 2019, the number of credit cards in Greece decrease by 0.83% to 2,526,100. The total credit cards spending for 2019 in Greece up by 1.75% to €5.8 billions, with 9.01% increase in number of card transactions.

    As at 31 December 2018, the number of credit cards in Turkey increase by 6.17% to 66,305,000. The total credit cards spending for 2018 in Turkey up by 18.48% to TRY718 billions, with 12.26% increase in number of card transactions.

UK Monthly Credit Card Statistics 2022

As at 31st January 2022, the outstanding credit card balances stood at £55.002 billions, a decrease of £1,329 millions or 2.36% compares to £56.331 billions at the end of December 2021. There are 59.848 millions credit cards(52.788 million accounts) at the end of January 2022, an increase of 421,000 or 0.71% compares to 59.427 millions at the end of December 2021. The total card spending for January 2022 is £14.588 billions, generated from 290.321 millions of transactions(average £50 per transaction). £187 millions is recorded for cash withdrawals, generated from 1.437 millions transactions(average £130 per transaction). £1,387 millions is recorded for balance transfers, generated from 682,000 transactions(average £2,034 per transaction).

As at 28th February 2022, the outstanding credit card balances stood at £55.304 billions, an increase of £302 millions or 0.55% compares to £55.002 billions at the end of January 2022. There are 59.420 millions credit cards(52.573 million accounts) at the end of February 2022, a decrease of 428,000 or 0.72% compares to 59.848 millions at the end of January 2022. The total card spending for February 2022 is £14.446 billions, generated from 282.118 millions of transactions(average £51 per transaction). £182 millions is recorded for cash withdrawals, generated from 1.403 millions transactions(average £130 per transaction). £1,142 millions is recorded for balance transfers, generated from 584,000 transactions(average £1,955 per transaction).

As at 31st March 2022, the outstanding credit card balances stood at £56.202 billions, an increase of £898 millions or 1.62% compares to £55.304 billions at the end of February 2022. There are 59.267 millions credit cards(52.222 million accounts) at the end of March 2022, a decrease of 153,000 or 0.26% compares to 59.420 millions at the end of February 2022. The total card spending for March 2022 is £17.081 billions, generated from 325.431 millions of transactions(average £52 per transaction). £208 millions is recorded for cash withdrawals, generated from 1.597 millions transactions(average £130 per transaction). £1,175 millions is recorded for balance transfers, generated from 616,000 transactions(average £1,907 per transaction).

As at 30th April 2022, the outstanding credit card balances stood at £57.093 billions, an increase of £891 millions or 1.59% compares to £56.202 billions at the end of March 2022. There are 59.400 millions credit cards(52.659 million accounts) at the end of April 2022, an increase of 133,000 or 0.22% compares to 59.267 millions at the end of March 2022. The total card spending for April 2022 is £16.370 billions, generated from 318.553 millions of transactions(average £51 per transaction). £211 millions is recorded for cash withdrawals, generated from 1.591 millions transactions(average £133 per transaction). £1,091 millions is recorded for balance transfers, generated from 586,000 transactions(average £1,862 per transaction).

As at 31st May 2022, the outstanding credit card balances stood at £57.738 billions, an increase of £645 millions or 1.13% compares to £57.093 billions at the end of April 2022. There are 59.369 millions credit cards(52.752 million accounts) at the end of May 2022, a decrease of 31,000 or 0.05% compares to 59.400 millions at the end of April 2022. The total card spending for May 2022 is £18.375 billions, generated from 355.054 millions of transactions(average £52 per transaction). £244 millions is recorded for cash withdrawals, generated from 1.787 millions transactions(average £137 per transaction). £1,278 millions is recorded for balance transfers, generated from 667,000 transactions(average £1,916 per transaction).

As at 30th June 2022, the outstanding credit card balances stood at £58.787 billions, an increase of £1,049 millions or 1.82% compares to £57.738 billions at the end of May 2022. There are 59.507 millions credit cards(52.958 million accounts) at the end of June 2022, an increase of 138,000 or 0.23% compares to 59.369 millions at the end of May 2022. The total card spending for June 2022 is £17.613 billions, generated from 340.609 millions of transactions(average £52 per transaction). £240 millions is recorded for cash withdrawals, generated from 1.751 millions transactions(average £137 per transaction). £1,172 millions is recorded for balance transfers, generated from 629,000 transactions(average £1,863 per transaction).

As at 31st July 2022, the outstanding credit card balances stood at £58.803 billions, an increase of £16 millions or 0.03% compares to £58.787 billions at the end of June 2022. There are 59.532 millions credit cards(53.123 million accounts) at the end of July 2022, an increase of 25,000 or 0.04% compares to 59.507 millions at the end of June 2022. The total card spending for July 2022 is £17.409 billions, generated from 341.443 millions of transactions(average £51 per transaction). £238 millions is recorded for cash withdrawals, generated from 1.697 millions transactions(average £140 per transaction). £1,179 millions is recorded for balance transfers, generated from 630,000 transactions(average £1,871 per transaction).

As at 31st August 2022, the outstanding credit card balances stood at £59.425 billions, an increase of £622 millions or 1.06% compares to £58.803 billions at the end of July 2022. There are 59.835 millions credit cards(53.977 million accounts) at the end of August 2022, an increase of 303,000 or 0.51% compares to 59.532 millions at the end of July 2022. The total card spending for August 2022 is £18.534 billions, generated from 373.973 millions of transactions(average £50 per transaction). £265 millions is recorded for cash withdrawals, generated from 1.897 millions transactions(average £140 per transaction). £1,316 millions is recorded for balance transfers, generated from 702,000 transactions(average £1,875 per transaction).

As at 30th September 2022, the outstanding credit card balances stood at £59.661 billions, an increase of £236 millions or 0.40% compares to £59.425 billions at the end of August 2022. There are 59.950 millions credit cards(54.209 million accounts) at the end of September 2022, an increase of 115,000 or 0.19% compares to 59.835 millions at the end of August 2022. The total card spending for September 2022 is £17.046 billions, generated from 335.763 millions of transactions(average £51 per transaction). £248 millions is recorded for cash withdrawals, generated from 1.752 millions transactions(average £142 per transaction). £1,309 millions is recorded for balance transfers, generated from 688,000 transactions(average £1,903 per transaction).

UK Monthly Credit Card Statistics 2021

As at 31st January 2021, the outstanding credit card balances stood at £54.168 billions, a decrease of £3,219 millions or 5.61% compares to £57.387 billions at the end of December 2020. There are 60.247 millions credit cards(53.293 million accounts) at the end of January 2021, a decrease of 360,000 or 0.59% compares to 60.607 millions at the end of December 2020. The total card spending for January 2021 is £9.595 billions, generated from 196.381 millions of transactions(average £49 per transaction). £114 millions is recorded for cash withdrawals, generated from 873,000 transactions(average £131 per transaction). £951 millions is recorded for balance transfers, generated from 443,000 transactions(average £2,147 per transaction).

As at 28th February 2021, the outstanding credit card balances stood at £53.068 billions, a decrease of £1,100 millions or 2.03% compares to £54.168 billions at the end of January 2021. There are 60.148 millions credit cards(53.122 million accounts) at the end of February 2021, a decrease of 99,000 or 0.16% compares to 60.247 millions at the end of January 2021. The total card spending for February 2021 is £9.953 billions, generated from 201.375 millions of transactions(average £49 per transaction). £123 millions is recorded for cash withdrawals, generated from 916,000 transactions(average £134 per transaction). £892 millions is recorded for balance transfers, generated from 422,000 transactions(average £2,114 per transaction).

As at 31st March 2021, the outstanding credit card balances stood at £52.898 billions, a decrease of £170 millions or 0.32% compares to £53.068 billions at the end of February 2021. There are 60.157 millions credit cards(53.149 million accounts) at the end of March 2021, an increase of 9,000 or 0.01% compares to 60.148 millions at the end of February 2021. The total card spending for March 2021 is £13.038 billions, generated from 255.441 millions of transactions(average £51 per transaction). £140 millions is recorded for cash withdrawals, generated from 1.078 millions transactions(average £130 per transaction). £945 millions is recorded for balance transfers, generated from 453,000 transactions(average £2,086 per transaction).

As at 30th April 2021, the outstanding credit card balances stood at £53.257 billions, an increase of £359 millions or 0.68% compares to £52.898 billions at the end of March 2021. There are 60.031 millions credit cards(52.973 million accounts) at the end of April 2021, a decrease of 126,000 or 0.21% compares to 60.157 millions at the end of March 2021. The total card spending for April 2021 is £12.754 billions, generated from 257.559 millions of transactions(average £50 per transaction). £149 millions is recorded for cash withdrawals, generated from 1.185 millions transactions(average £126 per transaction). £863 millions is recorded for balance transfers, generated from 422,000 transactions(average £2,045 per transaction).

As at 31st May 2021, the outstanding credit card balances stood at £53.747 billions, an increase of £490 millions or 0.92% compares to £53.257 billions at the end of April 2021. There are 59.261 millions credit cards(52.216 million accounts) at the end of May 2021, a decrease of 770,000 or 1.28% compares to 60.031 millions at the end of April 2021. The total card spending for May 2021 is £13.886 billions, generated from 279.949 millions of transactions(average £50 per transaction). £169 millions is recorded for cash withdrawals, generated from 1.329 millions transactions(average £127 per transaction). £892 millions is recorded for balance transfers, generated from 438,000 transactions(average £2,037 per transaction).

As at 30th June 2021, the outstanding credit card balances stood at £54.099 billions, an increase of £352 millions or 0.65% compares to £53.747 billions at the end of May 2021. There are 59.252 millions credit cards(52.251 million accounts) at the end of June 2021, a decrease of 9,000 or 0.02% compares to 59.261 millions at the end of May 2021. The total card spending for June 2021 is £14.897 billions, generated from 307.900 millions of transactions(average £48 per transaction). £174 millions is recorded for cash withdrawals, generated from 1.458 millions transactions(average £119 per transaction). £953 millions is recorded for balance transfers, generated from 492,000 transactions(average £1,937 per transaction).

As at 31st July 2021, the outstanding credit card balances stood at £54.108 billions, an increase of £9 millions or 0.02% compares to £54.099 billions at the end of June 2021. There are 59.127 millions credit cards(52.238 million accounts) at the end of July 2021, a decrease of 125,000 or 0.21% compares to 59.252 millions at the end of June 2021. The total card spending for July 2021 is £14.896 billions, generated from 311.001 millions of transactions(average £48 per transaction). £175 millions is recorded for cash withdrawals, generated from 1.451 millions transactions(average £121 per transaction). £1,008 millions is recorded for balance transfers, generated from 519,000 transactions(average £1,942 per transaction).

As at 31st August 2021, the outstanding credit card balances stood at £54.554 billions, an increase of £446 millions or 0.82% compares to £54.108 billions at the end of July 2021. There are 59.410 millions credit cards(52.594 million accounts) at the end of August 2021, an increase of 120,000 or 0.20% compares to 59.127 millions at the end of July 2021. The total card spending for August 2021 is £15.684 billions, generated from 332.641 millions of transactions(average £47 per transaction). £196 millions is recorded for cash withdrawals, generated from 1.599 millions transactions(average £123 per transaction). £1,094 millions is recorded for balance transfers, generated from 554,000 transactions(average £1,975 per transaction).

As at 30th September 2021, the outstanding credit card balances stood at £55.181 billions, an increase of £627 millions or 1.15% compares to £54.554 billions at the end of August 2021. There are 59.335 millions credit cards(52.553 million accounts) at the end of August 2021, an increase of 88,000 or 0.15% compares to 59.247 millions at the end of August 2021. The total card spending for September 2021 is £15.561 billions, generated from 319.810 millions of transactions(average £49 per transaction). £196 millions is recorded for cash withdrawals, generated from 1.585 millions transactions(average £124 per transaction). £1,107 millions is recorded for balance transfers, generated from 563,000 transactions(average £1,966 per transaction).

As at 31st October 2021, the outstanding credit card balances stood at £55.274 billions, an increase of £93 millions or 0.17% compares to £55.181 billions at the end of September 2021. There are 59.438 millions credit cards(52.779 million accounts) at the end of October 2021, an increase of 103,000 or 0.17% compares to 59.335 millions at the end of September 2021. The total card spending for October 2021 is £15.374 billions, generated from 316.484 millions of transactions(average £49 per transaction). £194 millions is recorded for cash withdrawals, generated from 1.557 millions transactions(average £125 per transaction). £1,134 millions is recorded for balance transfers, generated from 576,000 transactions(average £1,969 per transaction).

As at 30th November 2021, the outstanding credit card balances stood at £56.494 billions, an increase of £1,220 millions or 2.21% compares to £55.274 billions at the end of October 2021. There are 59.382 millions credit cards(52.828 million accounts) at the end of November 2021, a decrease of 56,000 or 0.09% compares to 59.438 millions at the end of October 2021. The total card spending for November 2021 is £17.251 billions, generated from 351.975 millions of transactions(average £49 per transaction). £207 millions is recorded for cash withdrawals, generated from 1.640 millions transactions(average £126 per transaction). £1,160 millions is recorded for balance transfers, generated from 600,000 transactions(average £1,933 per transaction).

As at 31st December 2021, the outstanding credit card balances stood at £56.331 billions, a decrease of £163 millions or 0.29% compares to £56.494 billions at the end of November 2021. There are 59.427 millions credit cards(52.939 million accounts) at the end of December 2021, an increase of 45,000 or 0.08% compares to 59.382 millions at the end of November 2021. The total card spending for December 2021 is £16.094 billions, generated from 348.796 millions of transactions(average £46 per transaction). £201 millions is recorded for cash withdrawals, generated from 1.548 millions transactions(average £130 per transaction). £1,048 millions is recorded for balance transfers, generated from 558,000 transactions(average £1,878 per transaction).

Card Fraud in United Kingdom 2020

Card Fraud in UK amounted to £574.2 in 2020, a decrease of £46.4m or 7.48% compares to £620.6m in 2019. 72.19% or £414.5m of card fraud is committed in UK(a decrease of £35.4m or 7.87% compares to £449.9m in 2019), while £159.7m or 27.81% is committed abroad(a decrease of £11.0m or 6.44% compares to £170.7m in 2019).
The £574.2m card fraud losses can be further broken down as:-

  • £452.6m for phone, internet and mail order fraud (Card-not-present fraud), a decrease of £17.6m or 3.74% compares to £470.2m 2019.
    Out of the £452.6m , 76.41% or £376.5m is for e-commerce, an increase of of £16.0m or 4.44% compares to £360.5m 2019.
  • £8.7m for counterfeit (skimmed/cloned) fraud, a decrease of £4.1m or 32.03% compares to £12.8m 2019.
  • £78.9m for fraud on lost or stolen cards, a decrease of £15.9m or 16.77% compares to £94.8m 2019.
  • £29.7m for card ID theft, a decrease of £8.0m or 21.22% compares to £37.7m 2019.
  • £4.4m for mail non-receipt, a decrease of £0.8m or 15.38% compares to £5.2m 2019.

Within the £574.2m card fraud losses, £48.9m is for UK retail face-to-face transactions(a decrease of £15.4m or 23.95% compares to £64.3m in 2019), and £28.1m for UK cash machine fraud(a decrease of £1.9m or 6.33% compares to £30.0m in 2019).

Credit Cards in United Kingdom 2018-2019

As at 31st December 2019, there are 64,851,000 credit cards(55.66mn accounts) in UK, an increase of 4,738,000 or 7.88% compares to 60,113,000 credit cards(50.88mn accounts) in the same period a year ago. And the outstanding credit stood at £70.36 billions as at 31st December 2019, an increase of 3.27% or £2.23 billions compares to £68.13 billions in the same period in 2018.

Total Card Transactions in Volume and Value
UK recorded 3,565 millions card transactions in 2019, an increase of 312 millions or 9.59% compares to 3,253 millions in 2018. The number of transactions can be further broken down as:-

  • 3,517 millions purchases transaction, an increase of 307 millions or 9.56% compares to 3,210 millions in 2018
  • 41.09 millions cash withdrawals transaction, an increase of 4.79 millions or 13.20% compares to 36.30 millions in 2018
  • 6.99 millions balance transfers transaction, an increase of 0.39 millions or 5.91% compares to 6.60 millions in 2018

The total card transactions for 2019 is £204.48 billions in value, an increase of £25.78 billions or 14.43% compares to £178.70 billions in 2018. The figure can be further broken down as:-

  • £185.32 billions purchases transaction, an increase of £12.16 billions or 7.02% compares to £173.16 billions in 2018
  • £4.32 billions cash withdrawals transaction, a decrease of £0.30 billions or 6.49% compares to £4.62 billions in 2018
  • £14.84 billions balance transfers transaction, an increase of £0.23 billions or 1.57% compares to £14.61 billions in 2018

Card Fraud in United Kingdom
Card Fraud in UK amounted to £620.6m in 2019, a decrease of £50.8m or 7.57% compares to £671.4m in 2018. 72.49% or £449.9m of card fraud is committed in UK(a decrease of £46.7m or 9.40% compares to £496.6m in 2018), while £170.7m or 27.51% is committed abroad(a decrease of £4.1m or 2.35% compares to £174.8m in 2018).
The £620.6m card fraud losses can be further broken down as:-

  • £470.2m for phone, internet and mail order fraud (Card-not-present fraud), a decrease of £36.2m or 7.15% compares to £506.4m 2018.
    Out of the £470.2m , 76.67% or £360.5m is for e-commerce, a decrease of of £33.7m or 8.55% compares to £394.2m 2018.
  • £12.8m for counterfeit (skimmed/cloned) fraud, a decrease of £3.5m or 21.47% compares to £16.3m 2018.
  • £94.8m for fraud on lost or stolen cards, a decrease of £0.3m or 0.32% compares to £95.1m 2018.
  • £37.7m for card ID theft, a decrease of £9.6m or 20.30% compares to £47.3 2018.
  • £5.2m for mail non-receipt, a decrease of £1.1m or 17.46% compares to £6.3m 2018.

Within the £620.6m card fraud losses, £64.3m is for UK retail face-to-face transactions(a decrease of £5.5m or 7.88% compares to £69.8m in 2018), and £30.0m for UK cash machine fraud(a decrease of £2.6m or 7.98% compares to £32.6m in 2018).


Monthly Statistics 2020

As at 31st January 2020, the outstanding credit card balances stood at £69.699 billions, a decrease of £665 millions or 0.95% compares to £70.364 billions at the end of December 2019. There are 64.650 millions credit cards(55.623 million accounts) at the end of January 2020, a decrease of 201,000 or 0.31% compares to 64.851 millions at the end of December 2019. The total card spending for January 2020 is £15.241 billions, generated from 279.890 millions of transactions(average £54 per transaction). £307 millions is recorded for cash withdrawals, generated from 3.057 millions transactions(average £100 per transaction). £1,665 millions is recorded for balance transfers, generated from 744,000 transactions(average £2,238 per transaction).

As at 29th February 2020, the outstanding credit card balances stood at £69.394 billions, a decrease of £305 millions or 0.44% compares to £69.699 billions at the end of January 2020. There are 65.924 millions credit cards(56.781 million accounts) at the end of February 2020, an increase of 1,274,000 or 1.97% compares to 64.650 millions at the end of January 2020. The total card spending for February 2020 is £14.134 billions, generated from 271.511 millions of transactions(average £52 per transaction). £292 millions is recorded for cash withdrawals, generated from 2.905 millions transactions(average £101 per transaction). £1,314 millions is recorded for balance transfers, generated from 616,000 transactions(average £2,133 per transaction).

As at 31st March 2020, the outstanding credit card balances stood at £66.268 billions, a decrease of £3,126 millions or 4.50% compares to £69.394 billions at the end of February 2020. There are 65.048 millions credit cards(56.143 million accounts) at the end of March 2020, a decrease of 876,000 or 1.33% compares to 65.924 millions at the end of February 2020. The total card spending for March 2020 is £12.893 billions, generated from 269.035 millions of transactions(average £48 per transaction). £256 millions is recorded for cash withdrawals, generated from 2.637 millions transactions(average £97 per transaction). £1,332 millions is recorded for balance transfers, generated from 609,000 transactions(average £2,187 per transaction).

As at 30th April 2020, the outstanding credit card balances stood at £61.601 billions, a decrease of £4,667 millions or 7.04% compares to £66.268 billions at the end of March 2020. There are 64.972 millions credit cards(55.885 million accounts) at the end of April 2020, a decrease of 76,000 or 0.12% compares to 65.048 millions at the end of March 2020. The total card spending for April 2020 is £7.765 billions, generated from 161.647 millions of transactions(average £48 per transaction). £103 millions is recorded for cash withdrawals, generated from 1.004 millions transactions(average £103 per transaction). £873 millions is recorded for balance transfers, generated from 404,000 transactions(average £2,161 per transaction).

As at 31st May 2020, the outstanding credit card balances stood at £59.772 billions, a decrease of £1,829 millions or 2.97% compares to £61.601 billions at the end of April 2020. There are 64.871 millions credit cards(55.775 million accounts) at the end of May 2020, a decrease of 101,000 or 0.16% compares to 64.972 millions at the end of April 2020. The total card spending for May 2020 is £8.812 billions, generated from 184.779 millions of transactions(average £48 per transaction). £104 millions is recorded for cash withdrawals, generated from 0.872 millions transactions(average £119 per transaction). £742 millions is recorded for balance transfers, generated from 337,000 transactions(average £2,202 per transaction).

As at 30th June 2020, the outstanding credit card balances stood at £59.517 billions, a decrease of £255 millions or 0.43% compares to £59.772 billions at the end of May 2020. There are 64.797 millions credit cards(55.633 million accounts) at the end of June 2020, a decrease of 74,000 or 0.11% compares to 64.871 millions at the end of May 2020. The total card spending for June 2020 is £11.259 billions, generated from 225.447 millions of transactions(average £50 per transaction). £129 millions is recorded for cash withdrawals, generated from 1.064 millions transactions(average £121 per transaction). £767 millions is recorded for balance transfers, generated from 354,000 transactions(average £2,167 per transaction).

As at 31st July 2020, the outstanding credit card balances stood at £59.735 billions, an increase of £218 millions or 0.37% compares to £59.517 billions at the end of June 2020. There are 64.831 millions credit cards(55.744 million accounts) at the end of July 2020, an increase of 34,000 or 0.05% compares to 64.797 millions at the end of June 2020. The total card spending for July 2020 is £13.002 billions, generated from 258.981 millions of transactions(average £50 per transaction). £173 millions is recorded for cash withdrawals, generated from 1.431 millions transactions(average £121 per transaction). £800 millions is recorded for balance transfers, generated from 372,000 transactions(average £2,151 per transaction).

As at 31st August 2020, the outstanding credit card balances stood at £60.103 billions, an increase of £368 millions or 0.62% compares to £59.735 billions at the end of July 2020. There are 64.449 millions credit cards(55.089 million accounts) at the end of August 2020, a decrease of 382,000 or 0.59% compares to 64.831 millions at the end of July 2020. The total card spending for August 2020 is £12.899 billions, generated from 271.190 millions of transactions(average £48 per transaction). £173 millions is recorded for cash withdrawals, generated from 1.392 millions transactions(average £124 per transaction). £731 millions is recorded for balance transfers, generated from 361,000 transactions(average £2,025 per transaction).

As at 30th September 2020, the outstanding credit card balances stood at £59.151 billions, a decrease of £952 millions or 1.58% compares to £60.103 billions at the end of August 2020. There are 64.394 millions credit cards(55.011 million accounts) at the end of September 2020, a decrease of 55,000 or 0.09% compares to 64.449 millions at the end of August 2020. The total card spending for September 2020 is £13.206 billions, generated from 278.791 millions of transactions(average £47 per transaction). £180 millions is recorded for cash withdrawals, generated from 1.466 millions transactions(average £123 per transaction). £850 millions is recorded for balance transfers, generated from 417,000 transactions(average £2,038 per transaction).

As at 31st October 2020, the outstanding credit card balances stood at £58.181 billions, a decrease of £970 millions or 1.64% compares to £59.151 billions at the end of September 2020. There are 64.112 millions credit cards(54.677 million accounts) at the end of October 2020, a decrease of 282,000 or 0.44% compares to 64.394 millions at the end of September 2020. The total card spending for October 2020 is £13.029 billions, generated from 271.199 millions of transactions(average £48 per transaction). £158 millions is recorded for cash withdrawals, generated from 1.290 millions transactions(average £122 per transaction). £819 millions is recorded for balance transfers, generated from 409,000 transactions(average £2,002 per transaction).

As at 30th November 2020, the outstanding credit card balances stood at £57.899 billions, a decrease of £282 millions or 0.48% compares to £58.181 billions at the end of October 2020. There are 64.071 millions credit cards(54.738 million accounts) at the end of November 2020, a decrease of 41,000 or 0.06% compares to 64.112 millions at the end of October 2020. The total card spending for November 2020 is £13.588 billions, generated from 270.998 millions of transactions(average £50 per transaction). £137 millions is recorded for cash withdrawals, generated from 1.111 millions transactions(average £123 per transaction). £835 millions is recorded for balance transfers, generated from 414,000 transactions(average £2,017 per transaction).

As at 31st December 2020, the outstanding credit card balances stood at £57.373 billions, a decrease of £526 millions or 0.91% compares to £57.899 billions at the end of November 2020. There are 62.948 millions credit cards(53.706 million accounts) at the end of December 2020, a decrease of 1.123 millions or 1.75% compares to 64.071 millions at the end of November 2020. The total card spending for December 2020 is £13.866 billions, generated from 289.680 millions of transactions(average £48 per transaction). £156 millions is recorded for cash withdrawals, generated from 1.216 millions transactions(average £128 per transaction). £759 millions is recorded for balance transfers, generated from 383,000 transactions(average £1,982 per transaction).


Credit Cards in United Kingdom 2017-2018

As at 31st December 2018, there are 60,113,000 credit cards(50.88mn accounts) in UK, an increase of 1,044,000 or 1.77% compares to 59,069,000 credit cards(50.18mn accounts) in the same period a year ago. And the outstanding credit stood at £68.13 billions as at 31st December 2018, an increase of 2.22% or £1.48 billions compares to £66.65 billions in the same period in 2017.

Total Card Transactions in Volume and Value
UK recorded 3,253 millions card transactions in 2018, an increase of 264 millions or 8.83% compares to 2,989 millions in 2017. The number of transactions can be further broken down as:-

  • 3,210 millions purchases transaction, an increase of 264 millions or 8.96% compares to 2,946 millions in 2017
  • 36.30 millions cash withdrawals transaction, an increase of 0.34 millions or 0.95% compares to 35.96 millions in 2017
  • 6.60 millions balance transfers transaction, a decrease of 0.28 millions or 4.07% compares to 6.88 millions in 2017

The total card transactions for 2018 is £178.70 billions in value, an increase of £6.74 billions or 3.92% compares to £178.70 billions in 2017. The figure can be further broken down as:-

  • £173.16 billions purchases transaction, an increase of £14.17 billions or 8.91% compares to £158.99 billions in 2017
  • £4.62 billions cash withdrawals transaction, a decrease of £0.13 billions or 2.74% compares to £4.75 billions in 2017
  • £14.61 billions balance transfers transaction, a decrease of £0.35 billions or 2.34% compares to £14.96 billions in 2017

Card Fraud in United Kingdom
Card Fraud in UK amounted to £671.4m in 2018, an increase of £106.0m or 18.75% compares to £565.4m in 2017. 73.96% or £496.6m of card fraud is committed in UK(an increase of £89.1m or 21.87% compares to £407.5m in 2017), while £174.8m or 26.04% is committed abroad(an increase of £16.8m or 10.63% compares to £158.0m in 2017).
The £671.4m card fraud losses can be further broken down as:-

  • £506.4m for phone, internet and mail order fraud (Card-not-present fraud), an increase of £98.0m or 24.00% compares to £408.4m 2017.
    Out of the £506.4m, 77.84% or £394.2m is for e-commerce, an increase of of £83.8m or 27.00% compares to £310.4m 2017.
  • £16.3m for counterfeit (skimmed/cloned) fraud, a decrease of £7.9m or 32.64% compares to £24.2m 2017.
  • £95.1m for fraud on lost or stolen cards, an increase of £2.2m or 2.37% compares to £92.9m 2017.
  • £47.3m for card ID theft, an increase of £17.5m or 58.72% compares to £29.8m 2017.
  • £6.3m for mail non-receipt, a decrease of £3.9m or 38.24% compares to £10.2m 2017.

Within the £671.4m card fraud losses, £69.8m is for UK retail face-to-face transactions(an increase of £7.9m or 12.76% compares to £61.9m in 2017), and £32.6m for UK cash machine fraud(a decrease of £4.6m or 12.37% compares to £37.2m in 2017).


Monthly Statistics 2019

As at 31st January 2019, the outstanding credit card balances stood at £69.324 billions, an increase of £1,197 millions or 1.76% compares to £68.127 billions at the end of December 2018. There are 63.917 millions credit cards(55.702 million accounts) at the end of January 2019, an increase of 3.804 millions or 6.33% compares to 60.113 millions at the end of December 2018. The total card spending for January 2019 is £14.579 billions, generated from 263.723 millions of transactions(average £55 per transaction). £352 millions is recorded for cash withdrawals, generated from 3.340 millions transactions(average £105 per transaction). £1,571 millions is recorded for balance transfers, generated from 723,000 transactions(average £2,173 per transaction).

As at 28th February 2019, the outstanding credit card balances stood at £69.831 billions, an increase of £507 millions or 0.73% compares to £69.324 billions at the end of January 2019. There are 64.410 millions credit cards(55.431 million accounts) at the end of February 2019, an increase of 493,000 or 0.77% compares to 63.917 millions at the end of January 2019. The total card spending for February 2019 is £13.472 billions, generated from 252.501 millions of transactions(average £53 per transaction). £328 millions is recorded for cash withdrawals, generated from 3.224 millions transactions(average £102 per transaction). £1,283 millions is recorded for balance transfers, generated from 608,000 transactions(average £2,110 per transaction).

As at 31st March 2019, the outstanding credit card balances stood at £69.327 billions, a decrease of £504 millions or 0.72% compares to £69.831 billions at the end of February 2019. There are 64.813 millions credit cards(56.202 million accounts) at the end of March 2019, an increase of 403,000 or 0.63% compares to 64.410 millions at the end of February 2019. The total card spending for March 2019 is £14.936 billions, generated from 271.354 millions of transactions(average £55 per transaction). £352 millions is recorded for cash withdrawals, generated from 3.444 millions transactions(average £102 per transaction). £1,220 millions is recorded for balance transfers, generated from 582,000 transactions(average £2,096 per transaction).

As at 30th April 2019, the outstanding credit card balances stood at £69.383 billions, an increase of £56 millions or 0.08% compares to £69.327 billions at the end of March 2019. There are 65.031 millions credit cards(55.841 million accounts) at the end of April 2019, an increase of 218,000 or 0.34% compares to 64.813 millions at the end of March 2019. The total card spending for April 2019 is £15.889 billions, generated from 296.800 millions of transactions(average £54 per transaction). £376 millions is recorded for cash withdrawals, generated from 3.859 millions transactions(average £97 per transaction). £1,205 millions is recorded for balance transfers, generated from 572,000 transactions(average £2,107 per transaction).

As at 31st May 2019, the outstanding credit card balances stood at £69.888 billions, an increase of £505 millions or 0.73% compares to £69.383 billions at the end of April 2019. There are 65.294 millions credit cards(55.929 million accounts) at the end of May 2019, an increase of 263,000 or 0.40% compares to 65.031 millions at the end of April 2019. The total card spending for May 2019 is £15.830 billions, generated from 298.224 millions of transactions(average £53 per transaction). £386 millions is recorded for cash withdrawals, generated from 3.572 millions transactions(average £108 per transaction). £1,229 millions is recorded for balance transfers, generated from 580,000 transactions(average £2,119 per transaction).

As at 30th June 2019, the outstanding credit card balances stood at £70.177 billions, an increase of £289 millions or 0.41% compares to £69.888 billions at the end of May 2019. There are 65.245 millions credit cards(55.938 million accounts) at the end of June 2019, a decrease of 49,000 or 0.08% compares to 65.294 millions at the end of May 2019. The total card spending for June 2019 is £14.707 billions, generated from 278.638 millions of transactions(average £53 per transaction). £362 millions is recorded for cash withdrawals, generated from 3.274 millions transactions(average £111 per transaction). £1,142 millions is recorded for balance transfers, generated from 540,000 transactions(average £2,115 per transaction).

As at 31st July 2019, the outstanding credit card balances stood at £70.137 billions, a decrease of £40 millions or 0.06% compares to £70.177 billions at the end of June 2019. There are 65.595 millions credit cards(56.189 million accounts) at the end of July 2019, an increase of 350,000 or 0.54% compares to 65.245 millions at the end of June 2019. The total card spending for July 2019 is £16.844 billions, generated from 322.317 millions of transactions(average £52 per transaction). £410 millions is recorded for cash withdrawals, generated from 3.628 millions transactions(average £113 per transaction). £1,296 millions is recorded for balance transfers, generated from 609,000 transactions(average £2,128 per transaction).

As at 31st August 2019, the outstanding credit card balances stood at £70.185 billions, an increase of £48 millions or 0.07% compares to £70.137 billions at the end of July 2019. There are 65.489 millions credit cards(56.262 million accounts) at the end of August 2019, a decrease of 106,000 or 0.16% compares to 65.595 millions at the end of July 2019. The total card spending for August 2019 is £15.342 billions, generated from 298.795 millions of transactions(average £51 per transaction). £400 millions is recorded for cash withdrawals, generated from 3.574 millions transactions(average £112 per transaction). £1,150 millions is recorded for balance transfers, generated from 546,000 transactions(average £2,106 per transaction).

As at 30th September 2019, the outstanding credit card balances stood at £70.297 billions, an increase of £112 millions or 0.16% compares to £70.185 billions at the end of August 2019. There are 65.720 millions credit cards(56.332 million accounts) at the end of September 2019, an increase of 231,000 or 0.35% compares to 65.489 millions at the end of August 2019. The total card spending for September 2019 is £15.629 billions, generated from 294.371 millions of transactions(average £53 per transaction). £383 millions is recorded for cash withdrawals, generated from 3.525 millions transactions(average £109 per transaction). £1,181 millions is recorded for balance transfers, generated from 554,000 transactions(average £2,132 per transaction).

As at 31st October 2019, the outstanding credit card balances stood at £69.735 billions, a decrease of £562 millions or 0.80% compares to £70.297 billions at the end of September 2019. There are 64.864 millions credit cards(55.579 million accounts) at the end of October 2019, a decrease of 856,000 or 1.30% compares to 65.720 millions at the end of September 2019. The total card spending for October 2019 is £15.624 billions, generated from 297.496 millions of transactions(average £53 per transaction). £344 millions is recorded for cash withdrawals, generated from 3.294 millions transactions(average £104 per transaction). £1,216 millions is recorded for balance transfers, generated from 574,000 transactions(average £2,118 per transaction).

As at 30th November 2019, the outstanding credit card balances stood at £70.116 billions, an increase of £381 millions or 0.55% compares to £69.735 billions at the end of October 2019. There are 64.847 millions credit cards(55.649 million accounts) at the end of November 2019, a decrease of 17,000 or 0.03% compares to 64.864 millions at the end of October 2019. The total card spending for November 2019 is £15.633 billions, generated from 303.713 millions of transactions(average £51 per transaction). £299 millions is recorded for cash withdrawals, generated from 3.059 millions transactions(average £98 per transaction). £1,213 millions is recorded for balance transfers, generated from 560,000 transactions(average £2,166 per transaction).

As at 31st December 2019, the outstanding credit card balances stood at £70.364 billions, an increase of £248 millions or 0.35% compares to £70.116 billions at the end of November 2019. There are 64.851 millions credit cards(55.660 million accounts) at the end of December 2019, an increase of 4,000 or 0.006% compares to 64.847 millions at the end of November 2019. The total card spending for December 2019 is £16.836 billions, generated from 339.044 millions of transactions(average £50 per transaction). £331 millions is recorded for cash withdrawals, generated from 3.293 millions transactions(average £101 per transaction). £1,136 millions is recorded for balance transfers, generated from 546,000 transactions(average £2,081 per transaction).


Credit Cards in United Kingdom 2016-2017

As at 31st December 2017, there are 59,069,000 credit cards(50.18mn accounts) in UK, a decrease of 437,000 or 0.73% compares to 59,506,000 cards(50.21mn accounts) in the same period a year ago. And the outstanding credit stood at £66.65 billions as at 31st December 2017, an increase of 4.45% or £2.84 billions compares to £63.81 billions in the same period in 2016.

Total Card Transactions in Volume and Value
UK recorded 2,989 millions card transactions in 2017, an increase of 179 millions or 6.37% compares to 2,810 millions in 2016. The number of transactions can be further broken down as:-

  • 2,946 millions purchases transaction, an increase of 177 millions or 6.39% compares to 2,769 millions in 2016
  • 35.96 millions cash withdrawals transaction, an increase of 0.96 millions or 2.74% compares to 35.00 millions in 2016
  • 6.88 millions balance transfers transaction, an increase of 0.38 millions or 5.85% compares to 6.50 millions in 2016

The total card transactions for 2017 is £178.70 billions in value, an increase of £6.74 billions or 3.92% compares to £171.96 billions in 2016. The figure can be further broken down as:-

  • £158.99 billions purchases transaction, an increase of £6.16 billions or 4.03% compares to £152.83 billions in 2016
  • £4.75 billions cash withdrawals transaction, an increase of £0.15 billions or 3.26% compares to £4.60 billions in 2016
  • £14.96 billions balance transfers transaction, an increase of £0.42 billions or 2.89% compares to £14.54 billions in 2016

Card Fraud in United Kingdom
Card Fraud in UK amounted to £565.4m in 2017, a decrease of £52.7m or 8.53% compares to £618.1m in 2016. 72.07% or £407.5m of card fraud is committed in UK(a decrease of £10.4m or 2.49% compares to £417.9m in 2016), while £158.0m or 27.94% is committed abroad(a decrease of £42.2m or 21.08% compares to £200.2m in 2016).
The £565.4m card fraud losses can be further broken down as:-

  • £408.4m for phone, internet and mail order fraud (Card-not-present fraud), a decrease of £23.9m or 5.53% compares to £432.3m 2016.
    Out of the £408.4m, 76.00% or £310.4m is for e-commerce, a decrease of of £0.1m or 0.03% compares to £310.3m 2016.
  • £24.2m for counterfeit (skimmed/cloned) fraud, a decrease of £12.7m or 34.42% compares to £36.9m 2016.
  • £92.9m for fraud on lost or stolen cards, a decrease of £3.4m or 3.53% compares to £96.3m 2016.
  • £29.8m for card ID theft, a decrease of £10.2m or 25.50% compares to £40.0m 2016.
  • £10.2m for mail non-receipt, a decrease of £2.3m or 18.40% compares to £12.5m 2016.

Within the £565.4m card fraud losses, £61.9 is for UK retail face-to-face transactions(a decrease of £0.9m or 1.43% compares to £62.8m in 2016), and £37.2m for UK cash machine fraud(a decrease of £5.9m or 13.69% compares to £43.1m in 2016).


Monthly Statistics 2018

As at 31st January 2018, the outstanding credit card balances stood at £66.348 billions, a decrease of £303 millions or 0.45% compares to £66.651 billions at the end of December 2017. There are 59.156 millions credit cards(50.231 million accounts) at the end of January 2018, an increase of 87,000 or 0.15% compares to 59.069 millions at the end of December 2017. The total card spending for January 2018 is £14.068 billions, generated from 249.437 millions of transactions(average £56 per transaction). £377 millions is recorded for cash withdrawals, generated from 2.903 millions transactions(average £130 per transaction). £1,627 millions is recorded for balance transfers, generated from 705,000 transactions(average £2,308 per transaction).

As at 28th February 2018, the outstanding credit card balances stood at £66.487 billions, an increase of £183 millions or 0.28% compares to £66.304 billions at the end of January 2018. There are 59.310 millions credit cards(50.351 million accounts) at the end of February 2018, an increase of 154,000 or 0.26% compares to 59.156 millions at the end of January 2018. The total card spending for February 2018 is £12.798 billions, generated from 232.137 millions of transactions(average £55 per transaction). £337 millions is recorded for cash withdrawals, generated from 2.774 millions transactions(average £121 per transaction). £1,237 millions is recorded for balance transfers, generated from 544,000 transactions(average £2,274 per transaction).

As at 31st March 2018, the outstanding credit card balances stood at £66.184 billions, a decrease of £303 millions or 0.46% compares to £66.487 billions at the end of February 2018. There are 59.273 millions credit cards(50.289 million accounts) at the end of March 2018, a decrease of 37,000 or 0.06% compares to 59.310 millions at the end of February 2018. The total card spending for March 2018 is £13.876 billions, generated from 245.536 millions of transactions(average £57 per transaction). £355 millions is recorded for cash withdrawals, generated from 2.832 millions transactions(average £125 per transaction). £1,020 millions is recorded for balance transfers, generated from 461,000 transactions(average £2,213 per transaction).

As at 30th April 2018, the outstanding credit card balances stood at £66.791 billions, an increase of £607 millions or 0.92% compares to £66.184 billions at the end of March 2018. There are 59.384 millions credit cards(50.297 million accounts) at the end of April 2018, an increase of 111,000 or 0.19% compares to 59.273 millions at the end of March 2018. The total card spending for April 2018 is £14.211 billions, generated from 256.948 millions of transactions(average £55 per transaction). £372 millions is recorded for cash withdrawals, generated from 3.158 millions transactions(average £118 per transaction). £1,093 millions is recorded for balance transfers, generated from 498,000 transactions(average £2,195 per transaction).

As at 31st May 2018, the outstanding credit card balances stood at £67.068 billions, an increase of £277 millions or 0.41% compares to £66.791 billions at the end of April 2018. There are 59.410 millions credit cards(50.446 million accounts) at the end of May 2018, an increase of 26,000 or 0.04% compares to 59.384 millions at the end of April 2018. The total card spending for May 2018 is £14.895 billions, generated from 269.602 millions of transactions(average £55 per transaction). £408 millions is recorded for cash withdrawals, generated from 3.093 millions transactions(average £132 per transaction). £1,164 millions is recorded for balance transfers, generated from 533,000 transactions(average £2,184 per transaction).

As at 30th June 2018, the outstanding credit card balances stood at £67.679 billions, an increase of £611 millions or 0.91% compares to £67.068 billions at the end of May 2018. There are 59.723 millions credit cards(50.582 million accounts) at the end of June 2018, an increase of 313,000 or 0.53% compares to 59.410 millions at the end of May 2018. The total card spending for June 2018 is £14.400 billions, generated from 265.044 millions of transactions(average £54 per transaction). £420 millions is recorded for cash withdrawals, generated from 3.142 millions transactions(average £134 per transaction). £1,182 millions is recorded for balance transfers, generated from 543,000 transactions(average £2,177 per transaction).

As at 31st July 2018, the outstanding credit card balances stood at £67.584 billions, a decrease of £95 millions or 0.14% compares to £67.679 billions at the end of June 2018. There are 59.591 millions credit cards(50.462 million accounts) at the end of July 2018, a decrease of 132,000 or 0.22% compares to 59.723 millions at the end of June 2018. The total card spending for July 2018 is £15.074 billions, generated from 282.995 millions of transactions(average £53 per transaction). £442 millions is recorded for cash withdrawals, generated from 3.277 millions transactions(average £135 per transaction). £1,290 millions is recorded for balance transfers, generated from 591,000 transactions(average £2,183 per transaction).

As at 31st August 2018, the outstanding credit card balances stood at £67.668 billions, an increase of £84 millions or 0.12% compares to £67.584 billions at the end of July 2018. There are 59.690 millions credit cards(50.561 million accounts) at the end of August 2018, an increase of 99,000 or 0.17% compares to 59.591 millions at the end of July 2018. The total card spending for August 2018 is £14.667 billions, generated from 275.978 millions of transactions(average £53 per transaction). £441 millions is recorded for cash withdrawals, generated from 3.289 millions transactions(average £134 per transaction). £1,222 millions is recorded for balance transfers, generated from 568,000 transactions(average £2,151 per transaction).

As at 30th September 2018, the outstanding credit card balances stood at £67.777 billions, an increase of £109 millions or 0.16% compares to £67.668 billions at the end of August 2018. There are 59.794 millions credit cards(50.675 million accounts) at the end of September 2018, an increase of 104,000 or 0.17% compares to 59.690 millions at the end of August 2018. The total card spending for September 2018 is £13.621 billions, generated from 252.138 millions of transactions(average £54 per transaction). £377 millions is recorded for cash withdrawals, generated from 2.921 millions transactions(average £129 per transaction). £1,154 millions is recorded for balance transfers, generated from 525,000 transactions(average £2,198 per transaction).

As at 31st October 2018, the outstanding credit card balances stood at £67.364 billions, a decrease of £413 millions or 0.61% compares to £67.777 billions at the end of September 2018. There are 59.846 millions credit cards(50.801 million accounts) at the end of October 2018, an increase of 52,000 or 0.09% compares to 59.794 millions at the end of September 2018. The total card spending for October 2018 is £15.322 billions, generated from 289.333 millions of transactions(average £53 per transaction). £393 millions is recorded for cash withdrawals, generated from 3.176 millions transactions(average £124 per transaction). £1,359 millions is recorded for balance transfers, generated from 611,000 transactions(average £2,224 per transaction).

As at 30th November 2018, the outstanding credit card balances stood at £68.257 billions, an increase of £893 millions or 1.33% compares to £67.364 billions at the end of October 2018. There are 60.013 millions credit cards(50.870 million accounts) at the end of November 2018, an increase of 167,000 or 0.28% compares to 59.846 millions at the end of October 2018. The total card spending for November 2018 is £15.262 billions, generated from 290.584 millions of transactions(average £53 per transaction). £346 millions is recorded for cash withdrawals, generated from 2.851 millions transactions(average £121 per transaction). £1,241 millions is recorded for balance transfers, generated from 549,000 transactions(average £2,260 per transaction).

As at 31st December 2018, the outstanding credit card balances stood at £68.127 billions, a decrease of £130 millions or 0.19% compares to £68.257 billions at the end of November 2018. There are 60.113 millions credit cards(50.882 million accounts) at the end of December 2018, an increase of 100,000 or 0.17% compares to 60.013 millions at the end of November 2018. The total card spending for December 2018 is £14.964 billions, generated from 299.819 millions of transactions(average £50 per transaction). £353 millions is recorded for cash withdrawals, generated from 2.882 millions transactions(average £122 per transaction). £1,023 millions is recorded for balance transfers, generated from 468,000 transactions(average £2,186 per transaction).


Credit Cards in United Kingdom 2015-2016

As at 31st December 2016, there are 59,506,000 credit cards(50.21mn accounts) in UK, a decrease of 371,000 or 0.62% compares to 59,877,000 cards(50.76mn accounts) in the same period a year ago. And the outstanding credit stood at £63.81 billions as at 31st December 2016, an increase of 3.94% or £2.42 billions compares to £61.39 billions in the same period in 2015, showing that cardholders are slow in paying off their card spending compares to previous year with 55.4% of the balances bearing interest.

Total Card Transactions in Volume and Value
UK recorded 2,810 millions card transactions in 2016, an increase of 128 millions or 4.77% compares to 2,682 millions in 2015. The number of transactions can be further broken down as:-

  • 2,769 millions purchases transaction, an increase of 126 millions or 4.77% compares to 2,643 millions in 2015
  • 35.00 millions cash withdrawals transaction, an increase of 1.90 millions or 5.74% compares to 33.10 millions in 2015
  • 6.50 millions balance transfers transaction, an increase of 0.44 millions or 7.26% compares to 6.06 millions in 2015

The total card transactions for 2016 is £171.96 billions in value, an increase of £5.69 billions or 3.42% compares to £166.27 billions in 2015. The figure can be further broken down as:-

  • £152.83 billions purchases transaction, an increase of £3.94 billions or 2.65% compares to £148.89 billions in 2015
  • £4.60 billions cash withdrawals transaction, an increase of £0.67 billions or 17.05% compares to £3.93 billions in 2015
  • £14.54 billions balance transfers transaction, an increase of £1.09 billions or 8.10% compares to £13.45 billions in 2015

Card Fraud in United Kingdom
Card Fraud in UK amounted to £618.0m in 2016, an increase of £50.5m or 8.90% compares to £567.5m in 2015. 67.64% or £418.0m of card fraud is committed in UK(an increase of £38.2m or 10.06% compares to £379.8m in 2015), while £200.1m or 32.38% is committed abroad(an increase of £12.4m or 6.61% compares to £187.7m in 2015).
The £618.0m card fraud losses can be further broken down as:-

  • £432.3m for phone, internet and mail order fraud (Card-not-present fraud), an increase of £34.1m or 8.56% compares to £398.2m 2015.
    Out of the £432.3m, 71.43% or £308.8m is for e-commerce, an increase of of £47.3m or 18.09% compares to £261.5m 2015.
  • £36.9m for counterfeit (skimmed/cloned) fraud, a decrease of £8.4m or 18.54% compares to £45.3m 2015.
  • £96.3m for fraud on lost or stolen cards, an increase of £22.2m or 29.96% compares to £74.1m 2015.
  • £40.0m for card ID theft, an increase of £1.8m or 4.71% compares to £38.2m 2015.
  • £12.5m for mail non-receipt, an increase of £0.8m or 6.84% compares to £11.7m 2015.

Within the £618.0m card fraud losses, £62.8m is for UK retail face-to-face transactions(an increase of £9.3m or 17.38% compares to £53.5m in 2015), and £43.1mm for UK cash machine fraud(an increase of £10.4m or 31.80% compares to £32.7m in 2015).


Monthly Statistics 2017

As at 31st January 2017, the outstanding credit card balances stood at £62.962 billions, a decrease of £847 millions or 1.33% compares to £63.809 billions at the end of December 2016. There are 59.759 millions credit cards(50.756 million accounts) at the end of January 2017, an increase of 253,000 or 0.43% compares to 59.506 millions at the end of December 2016. The total card spending for January 2017 is £12.757 billions, generated from 224.667 millions of transactions(average £57 per transaction). £384 millions is recorded for cash withdrawals, generated from 2.853 millions transactions(average £135 per transaction). £1,597 millions is recorded for balance transfers, generated from 711,000 transactions(average £2,246 per transaction)

As at 28th February 2017, the outstanding credit card balances stood at £62.938 billions, a decrease of £24 millions or 0.04% compares to £62.962 billions at the end of January 2017. There are 59.702 millions credit cards(50.255 million accounts) at the end of February 2017, a decrease of 57,000 or 0.10% compares to 59.759 millions at the end of January 2017. The total card spending for February 2017 is £11.612 billions, generated from 209.820 millions of transactions(average £55 per transaction). £352 millions is recorded for cash withdrawals, generated from 2.693 millions transactions(average £131 per transaction). £1,255 millions is recorded for balance transfers, generated from 576,000 transactions(average £2,179 per transaction)

As at 31st March 2017, the outstanding credit card balances stood at £62.830 billions, a decrease of £108 millions or 0.17% compares to £62.938 billions at the end of February 2017. There are 59.732 millions credit cards(50.245 million accounts) at the end of March 2017, an increase of 30,000 or 0.05% compares to 59.702 millions at the end of February 2017. The total card spending for March 2017 is £13.265 billions, generated from 239.058 millions of transactions(average £55 per transaction). £398 millions is recorded for cash withdrawals, generated from 3.066 millions transactions(average £130 per transaction). £1,339 millions is recorded for balance transfers, generated from 609,000 transactions(average £2,199 per transaction)

As at 30th April 2017, the outstanding credit card balances stood at £63.485 billions, an increase of £655 millions or 1.04% compares to £62.830 billions at the end of March 2017. There are 59.692 millions credit cards(50.231 million accounts) at the end of April 2017, a decrease of 40,000 or 0.07% compares to 59.732 millions at the end of March 2017. The total card spending for April 2017 is £12.324 billions, generated from 224.847 millions of transactions(average £55 per transaction). £385 millions is recorded for cash withdrawals, generated from 3.019 millions transactions(average £128 per transaction). £1,024 millions is recorded for balance transfers, generated from 483,000 transactions(average £2,120 per transaction).

As at 31st May 2017, the outstanding credit card balances stood at £63.760 billions, an increase of £275 millions or 0.43% compares to £63.485 billions at the end of April 2017. There are 59.695 millions credit cards(50.255 million accounts) at the end of May 2017, an increase of 3,000 or 0.005% compares to 59.692 millions at the end of April 2017. The total card spending for May 2017 is £14.065 billions, generated from 258.501 millions of transactions(average £54 per transaction). £406 millions is recorded for cash withdrawals, generated from 3.264 millions transactions(average £124 per transaction). £1,270 millions is recorded for balance transfers, generated from 590,000 transactions(average £2,153 per transaction).

As at 30th June 2017, the outstanding credit card balances stood at £64.307 billions, an increase of £547 millions or 0.86% compares to £63.760 billions at the end of May 2017. There are 59.704 millions credit cards(50.271 million accounts) at the end of June 2017, an increase of 9,000 or 0.02% compares to 59.695 millions at the end of May 2017. The total card spending for June 2017 is £13.384 billions, generated from 243.870 millions of transactions(average £55 per transaction). £421 millions is recorded for cash withdrawals, generated from 3.027 millions transactions(average £139 per transaction). £1,313 millions is recorded for balance transfers, generated from 594,000 transactions(average £2,210 per transaction).

As at 31st July 2017, the outstanding credit card balances stood at £64.449 billions, an increase of £142 millions or 0.22% compares to £64.307 billions at the end of June 2017. There are 59.236 millions credit cards(50.166 million accounts) at the end of July 2017, a decrease of 468,000 or 0.78% compares to 59.704 millions at the end of June 2017. The total card spending for July 2017 is £13.655 billions, generated from 253.885 millions of transactions(average £54 per transaction). £399 millions is recorded for cash withdrawals, generated from 3.110 millions transactions(average £128 per transaction). £1,292 millions is recorded for balance transfers, generated from 622,000 transactions(average £2,077 per transaction).

As at 31st August 2017, the outstanding credit card balances stood at £64.733 billions, an increase of £284 millions or 0.44% compares to £64.449 billions at the end of July 2017. There are 59.160 millions credit cards(50.254 million accounts) at the end of August 2017, a decrease of 76,000 or 0.13% compares to 59.236 millions at the end of July 2017. The total card spending for August 2017 is £13.393 billions, generated from 249.959 millions of transactions(average £54 per transaction). £468 millions is recorded for cash withdrawals, generated from 3.293 millions transactions(average £142 per transaction). £1,242 millions is recorded for balance transfers, generated from 575,000 transactions(average £2,160 per transaction).

As at 30th September 2017, the outstanding credit card balances stood at £65.163 billions, an increase of £430 millions or 0.66% compares to £64.733 billions at the end of August 2017. There are 58.914 millions credit cards(50.040 million accounts) at the end of September 2017, a decrease of 246,000 or 0.42% compares to 59.160 millions at the end of August 2017. The total card spending for September 2017 is £12.889 billions, generated from 238.850 millions of transactions(average £54 per transaction). £426 millions is recorded for cash withdrawals, generated from 3.041 millions transactions(average £140 per transaction). £1,168 millions is recorded for balance transfers, generated from 532,000 transactions(average £2,195 per transaction).

As at 30th November 2017, the outstanding credit card balances stood at £66.242 billions, an increase of £1,309 millions or 2.02% compares to £64.933 billions at the end of October 2017. There are 58.948 millions credit cards(50.095 million accounts) at the end of November 2017, an increase of 223,000 or 0.38% compares to 58.725 millions at the end of October 2017. The total card spending for November 2017 is £14.256 billions, generated from 268.815 millions of transactions(average £53 per transaction). £363 millions is recorded for cash withdrawals, generated from 2.820 millions transactions(average £129 per transaction). £1,201 millions is recorded for balance transfers, generated from 549,000 transactions(average £2,188 per transaction).

As at 31st December 2017, the outstanding credit card balances stood at £66.651 billions, an increase of £409 millions or 0.62% compares to £66.242 billions at the end of November 2017. There are 59.069 millions credit cards(50.181 million accounts) at the end of December 2017, an increase of 121,000 or 0.21% compares to 58.948 millions at the end of November 2017. The total card spending for December 2017 is £13.763 billions, generated from 276.131 millions of transactions(average £50 per transaction). £347 millions is recorded for cash withdrawals, generated from 2.693 millions transactions(average £129 per transaction). £972 millions is recorded for balance transfers, generated from 458,000 transactions(average £2,122 per transaction).


Credit Cards in United Kingdom 2014-2015

As at 31st December 2015, there are 59,877,000 credit cards(50.76mn accounts) in UK, an increase of 1,119,000 or 1.90% compares to 58,758,000 cards(50.60mn accounts) in the same period a year ago. And the outstanding credit stood at £61.39 billions as at 31st December 2015, an increase of 2.11% or £1.27 billions compares to £60.12 billions in the same period in 2014, showing that cardholders are slow in paying off their card spending compares to previous year with 57.8% of the balances bearing interest.

Total Card Transactions in Volume and Value
UK recorded 2,682 millions card transactions in 2015, an increase of 173 millions or 6.90% compares to 2,509 millions in 2014. The number of transactions can be further broken down as:-

  • 2,643 millions purchases transaction, an increase of 172 millions or 6.96% compares to 2,471 millions in 2014
  • 33.10 millions cash withdrawals transaction, an increase of 1.25 millions or 3.92% compares to 31.85 millions in 2014
  • 6.06 millions balance transfers transaction, an increase of 0.05 millions or 0.83% compares to 6.01 millions in 2014

The total card transactions for 2015 is £166.27 billions in value, an increase of £4.65 billions or 2.88% compares to £161.62 billions in 2014. The figure can be further broken down as:-

  • £148.89 billions purchases transaction, an increase of £4.28 billions or 2.96% compares to £144.61 billions in 2014
  • £3.93 billions cash withdrawals transaction, an increase of £0.07 billions or 1.81% compares to £3.86 billions in 2014
  • £13.45 billions balance transfers transaction, an increase of £0.30 billions or 2.28% compares to £13.15 billions in 2014

Card Fraud in United Kingdom
Card Fraud in UK amounted to £567.5m in 2015, a significant increase of £88.5m or 18.48% compares to £479.0m in 2014. 66.93% or £379.8m of card fraud is committed in UK(an increase of £51.1m or 15.55% compares to £328.7m in 2014), while £187.7m or 33.07% is committed abroad(an increase of £37.4m or 24.88% compares to £150.3m in 2014).
The £567.5m card fraud losses can be further broken down as:-

  • £398.2m for phone, internet and mail order fraud (Card-not-present fraud), an increase of £66.7m or 20.12% compares to £331.5m 2014.
    Out of the £398.2m, 65.67% or £261.5m is for e-commerce, an increase of of £42.4m or 19.35% compares to £219.1m 2014.
  • £45.3m for counterfeit (skimmed/cloned) fraud, a decrease of £2.5m or 5.23% compares to £47.8m 2014.
  • £74.1m for fraud on lost or stolen cards, an increase of £14.4m or 24.12% compares to £59.7m 2014.
  • £38.2m for card ID theft, an increase of £8.3m or 27.76% compares to £29.9m 2014.
  • £11.7m for mail non-receipt, an increase of £1.6m or 15.84% compares to £10.1m 2014.

Within the £567.5m card fraud losses, £53.5m is for UK retail face-to-face transactions(an increase of £4.3m or 8.74% compares to £49.2m in 2014), and £32.7mm for UK cash machine fraud(an increase of £5.4m or 19.78% compares to £27.3m in 2014).


Monthly Statistics 2016

As at 31st January 2016, the outstanding credit card balances stood at £60.672 billions, a decrease of £722 millions or 1.18% compares to £61.394 billions at the end of December 2015. There are 59.932 millions credit cards(50.786 million accounts) at the end of January 2016, an increase of 55,000 or 0.09% compares to 59.877 millions at the end of December 2015. The total card spending for January 2016 is £11.414 billions, generated from 199.767 millions of transactions(average £57 per transaction). £292 millions is recorded for cash withdrawals, generated from 2.504 millions transactions(average £117 per transaction).

As at 29th February 2016, the outstanding credit card balances stood at £60.455 billions, a decrease of £217 millions or 0.36% compares to £60.672 billions at the end of January 2016. There are 60.036 millions credit cards(50.875 million accounts) at the end of February 2016, an increase of 104,000 or 0.17% compares to 59.932 millions at the end of January 2015. The total card spending for February 2016 is £12.042 billions, generated from 214.327 millions of transactions(average £56 per transaction). £318 millions is recorded for cash withdrawals, generated from 2.739 millions transactions(average £116 per transaction).

As at 31st March 2016, the outstanding credit card balances stood at £60.563 billions, an increase of £108 millions or 0.18% compares to £60.455 billions at the end of February 2016. There are 59.796 millions credit cards(50.480 million accounts) at the end of March 2016, a decrease of 240,000 or 0.40% compares to 60.036 millions at the end of February 2016. The total card spending for March 2016 is £12.526 billions, generated from 221.832 millions of transactions(average £56 per transaction). £374 millions is recorded for cash withdrawals, generated from 2.916 millions transactions(average £128 per transaction).

As at 30th April 2016, the outstanding credit card balances stood at £60.766 billions, an increase of £203 millions or 0.34% compares to £60.563 billions at the end of March 2016. There are 59.808 millions credit cards(50.482 million accounts) at the end of April 2016, an increase of 12,000 or 0.02% compares to 59.796 millions at the end of March 2016. The total card spending for April 2016 is £12.136 billions, generated from 214.806 millions of transactions(average £56 per transaction). £370 millions is recorded for cash withdrawals, generated from 2.937 millions transactions(average £126 per transaction).

As at 31st May 2016, the outstanding credit card balances stood at £61.227 billions, an increase of £461 millions or 0.76% compares to £60.766 billions at the end of April 2016. There are 60.021 millions credit cards(50.368 million accounts) at the end of May 2016, an increase of 213,000 or 0.36% compares to 59.808 millions at the end of April 2016. The total card spending for May 2016 is £13.012 billions, generated from 233.152 millions of transactions(average £56 per transaction). £399 millions is recorded for cash withdrawals, generated from 3.004 millions transactions(average £133 per transaction).

As at 30th June 2016, the outstanding credit card balances stood at £61.621 billions, an increase of £394 millions or 0.64% compares to £61.227 billions at the end of May 2016. There are 59.975 millions credit cards(50.667 million accounts) at the end of June 2016, a decrease of 46,000 or 0.08% compares to 60.021 millions at the end of May 2016. The total card spending for June 2016 is £12.683 billions, generated from 227.708 millions of transactions(average £56 per transaction). £428 millions is recorded for cash withdrawals, generated from 3.112 millions transactions(average £138 per transaction).

As at 31st July 2016, the outstanding credit card balances stood at £61.666 billions, an increase of £45 millions or 0.07% compares to £61.621 billions at the end of June 2016. There are 59.981 millions credit cards(50.706 million accounts) at the end of July 2016, an increase of 6,000 or 0.01% compares to 59.975 millions at the end of June 2016. The total card spending for July 2016 is £12.493 billions, generated from 226.564 millions of transactions(average £55 per transaction). £415 millions is recorded for cash withdrawals, generated from 2.898 millions transactions(average £143 per transaction).

As at 31st August 2016, the outstanding credit card balances stood at £62.066 billions, an increase of £400 millions or 0.65% compares to £61.666 billions at the end of July 2016. There are 60.113 millions credit cards(50.813 million accounts) at the end of August 2016, an increase of 132,000 or 0.22% compares to 59.981 millions at the end of July 2016. The total card spending for August 2016 is £13.345 billions, generated from 245.153 millions of transactions(average £54 per transaction). £461 millions is recorded for cash withdrawals, generated from 3.295 millions transactions(average £140 per transaction).

As at 30th September 2016, the outstanding credit card balances stood at £61.930 billions, a decrease of £136 millions or 0.22% compares to £62.066 billions at the end of August 2016. There are 59.932 millions credit cards(50.582 million accounts) at the end of September 2016, a decrease of 181,000 or 0.30% compares to 60.113 millions at the end of August 2016. The total card spending for September 2016 is £12.737 billions, generated from 228.952 millions of transactions(average £56 per transaction). £413 millions is recorded for cash withdrawals, generated from 3.043 millions transactions(average £136 per transaction).

As at 31st October 2016, the outstanding credit card balances stood at £62.150 billions, an increase of £22 millions or 0.36% compares to £61.930 billions at the end of September 2016. There are 59.967 millions credit cards(50.630 million accounts) at the end of September 2016, an increase of 35,000 or 0.06% compares to 59.932 millions at the end of September 2016. The total card spending for October 2016 is £13.055 billions, generated from 238.140 millions of transactions(average £55 per transaction). £386 millions is recorded for cash withdrawals, generated from 2.959 millions transactions(average £130 per transaction).

As at 30th November 2016, the outstanding credit card balances stood at £63.172 billions, an increase of £1,022 millions or 1.64% compares to £62.150 billions at the end of October 2016. There are 59.577 millions credit cards(50.240 million accounts) at the end of November 2016, a decrease of 390,000 or 0.65% compares to 59.967 millions at the end of October 2016. The total card spending for November 2016 is £13.667 billions, generated from 251.745 millions of transactions(average £54 per transaction). £365 millions is recorded for cash withdrawals, generated from 2.811 millions transactions(average £130 per transaction).

As at 31st December 2016, the outstanding credit card balances stood at £63.809 billions, an increase of £637 millions or 1.01% compares to £63.172 billions at the end of November 2016. There are 59.506 millions credit cards(50.205 million accounts) at the end of December 2016, a decrease of 71,000 or 0.12% compares to 59.577 millions at the end of November 2016. The total card spending for December 2016 is £13.714 billions, generated from 266.389 millions of transactions(average £51 per transaction). £374 millions is recorded for cash withdrawals, generated from 2.776 millions transactions(average £135 per transaction).


Monthly Statistics 2015

As at 31st December 2015, the outstanding credit card balances stood at £61.394 billions, an increase of £757 millions or 1.25% compares to £60.637 billions at the end of November 2015. There are 59.877 millions credit cards(50.763 million accounts) at the end of December 2015, a decrease of 220,000 or 0.37% compares to 60.097 millions at the end of November 2015. The total card spending for December is £13.692 billions, generated from 262.593 millions of transactions(average £52 per transaction). £321 millions is recorded for cash withdrawals, generated from 2.784 millions transactions(average £115 per transaction).

As at 30th November 2015, the outstanding credit card balances stood at £60.637 billions, an increase of £757 millions or 1.26% compares to £59.880 billions at the end of October 2015. There are 60.097 millions credit cards(51.210 million accounts) at the end of November 2015, an increase of 108,000 or 0.18% compares to 59.989 millions at the end of October 2015. The total card spending for November 2015 is £13.173 billions, generated from 242.075 millions of transactions(average £54 per transaction). £303 millions is recorded for cash withdrawals, generated from 2.737 millions transactions(average £111 per transaction).

As at 31st October 2015, the outstanding credit card balances stood at £59.880 billions, a decrease of £148 millions or 0.25% compares to £60.028 billions at the end of September 2015. There are 59.989 millions credit cards(51.137 million accounts) at the end of October 2015, an increase of 374,000 or 0.58% compares to 59.615 millions at the end of September 2015. The total card spending for October 2015 is £12.425 billions, generated from 223.094 millions of transactions(average £56 per transaction). £317 millions is recorded for cash withdrawals, generated from 2.769 millions transactions(average £114 per transaction).

As at 30th September 2015, the outstanding credit card balances stood at £60.028 billions, an increase of £154 millions or 0.26% compares to £59.874 billions at the end of August 2015. There are 59.615 millions credit cards(50.973 million accounts) at the end of September 2015, a decrease of 334,000 or 0.56% compares to 59.949 millions at the end of August 2015. The total card spending for September 2015 is £12.449 billions, generated from 222.220 millions of transactions(average £56 per transaction). £347 millions is recorded for cash withdrawals, generated from 2.931 millions transactions(average £118 per transaction).

As at 31st August 2015, the outstanding credit card balances stood at £59.874 billions, an increase of £191 millions or 0.32% compares to £59.683 billions at the end of July 2015. There are 59.949 millions credit cards(51.121 million accounts) at the end of August 2015, an increase of 188,000 or 0.31% compares to 59.761 millions at the end of July 2015. The total card spending for August 2015 is £12.107 billions, generated from 218.023 millions of transactions(average £56 per transaction). £352 millions is recorded for cash withdrawals, generated from 2.852 millions transactions(average £123 per transaction).

As at 31st July 2015, the outstanding credit card balances stood at £59.683 billions, an increase of £73 millions or 0.12% compares to £59.610 billions at the end of June 2015. There are 59.761 millions credit cards(50.962 million accounts) at the end of July 2015, an increase of 158,000 or 0.27% compares to 59.603 millions at the end of June 2015. The total card spending for July 2015 is £12.844 billions, generated from 224.163 millions of transactions(average £57 per transaction). £372 millions is recorded for cash withdrawals, generated from 2.863 millions transactions(average £130 per transaction).

As at 30th June 2015, the outstanding credit card balances stood at £59.610 billions, an increase of £372 millions or 0.63% compares to £59.238 billions at the end of May 2015. There are 59.603 millions credit cards(51.051 million accounts) at the end of June 2015, an increase of 208,000 or 0.35% compares to 59.395 millions at the end of May 2015. The total card spending for June 2015 is £13.100 billions, generated from 230.705 millions of transactions(average £57 per transaction). £360 millions is recorded for cash withdrawals, generated from 2.944 millions transactions(average £122 per transaction).

As at 31st May 2015, the outstanding credit card balances stood at £59.238 billions, a decrease of £41 millions or 0.07% compares to £59.279 billions at the end of April 2015. There are 59.395 millions credit cards(50.889 million accounts) at the end of May 2015, an increase of 153,000 or 0.26% compares to 59.242 millions at the end of April 2015. The total card spending for May 2015 is £12.001 billions, generated from 209.621 millions of transactions(average £57 per transaction). £323 millions is recorded for cash withdrawals, generated from 2.672 millions transactions(average £121 per transaction).

As at 30th April 2015, the outstanding credit card balances stood at £59.279 billions, an increase of £566 millions or 0.96% compares to £58.713 billions at the end of March 2015. There are 59.242 millions credit cards(50.752 million accounts) at the end of April 2015, an increase of 89,000 or 0.15% compares to 59.153 millions at the end of March 2015. The total card spending for April 2015 is £12.082 billions, generated from 210.684 millions of transactions(average £57 per transaction). £324 millions is recorded for cash withdrawals, generated from 2.827 millions transactions(average £115 per transaction).

As at 31st March 2015, the outstanding credit card balances stood at £58.713 billions, a decrease of £216 millions or 0.37% compares to £58.929 billions at the end of February 2015. There are 59.153 millions credit cards(50.637 million accounts) at the end of February 2015, an increase of 111,000 or 0.19% compares to 59.042 millions at the end of February 2015. The total card spending for March 2015 is £12.678 billions, generated from 218.463 millions of transactions(average £58 per transaction). £337 millions is recorded for cash withdrawals, generated from 2.843 millions transactions(average £119 per transaction).

As at 28th February 2015, the outstanding credit card balances stood at £58.929 billions, a decrease of £233 millions or 0.39% compares to £59.162 billions at the end of January 2015. There are 59.042 millions credit cards(50.525 million accounts) at the end of February 2015, a decrease of 43,000 or 0.07% compares to 59.085 millions at the end of January 2015. The total card spending for February 2015 is £10.848 billions, generated from 187.418 millions of transactions(average £58 per transaction). £284 millions is recorded for cash withdrawals, generated from 2.443 millions transactions(average £116 per transaction).

As at 31st January 2015, the outstanding credit card balances stood at £59.162 billions, a decrease of £955 millions or 1.59% compares to £60.117 billions at the end of December 2014. There are 59.085 millions credit cards(50.623 million accounts) at the end of January 2015, an increase of 327,000 or 0.56% compares to 58.758 millions at the end of December 2014. The total card spending for January 2015 is £11.489 billions, generated from 193.703 millions of transactions(average £59 per transaction). £286 millions is recorded for cash withdrawals, generated from 2.434 millions transactions(average £118 per transaction).


Credit Cards in United Kingdom 2013-2014

As at 31st December 2014, there are 58,758,000 credit cards(50.60mn accounts) in UK, a decrease of 720,000 or 1.24% compares to 58,038,000 cards(49.76mn accounts) in the same period a year ago. And the outstanding credit stood at £60.12 billions as at 31st December 2014, an increase of 3.10% or £1.81 billions compares to £58.31 billions in the same period in 2013, showing that cardholders are slow in paying off their card spending compares to previous year with 57.4% of the balances bearing interest.

Total Card Transactions in Volume and Value
UK recorded 2,509 millions card transactions in 2014, an increase of 134 millions or 5.64% compares to 2,375 millions in 2013. The number of transactions can be further broken down as:-

  • 2,471 millions purchases transaction, an increase of 132 millions or 5.64% compares to 2,339 millions in 2013
  • 31.85 millions cash withdrawals transaction, an increase of 1.65 millions or 5.46% compares to 30.20 millions in 2013
  • 6.01 millions balance transfers transaction, an increase of 0.31 millions or 5.44% compares to 5.70 millions in 2013

The total card transactions for 2014 is £161.62 billions in value, an increase of £6.27 billions or 4.04% compares to £155.35 billions in 2013. The figure can be further broken down as:-

  • £144.61 billions purchases transaction, an increase of £5.46 billions or 3.92% compares to £139.15 billions in 2013
  • £3.86 billions cash withdrawals transaction, an increase of £0.01 billions or 0.26% compares to £3.85 billions in 2013
  • £13.15 billions balance transfers transaction, an increase of £0.80 billions or 6.48% compares to £12.35 billions in 2013

Card Fraud in United Kingdom
Card Fraud in UK stood at £479.0m in 2014, an increase of £28.6m or 6.35% compares to £450.4m in 2013. 68.62% or £328.7m of card fraud is committed in UK(an increase of £0.3m or 0.09% compares to £328.4m in 2013), while £150.3m or 31.38% is committed abroad(an increase of £28.3m or 23.20% compares to £122.0m in 2013).
The £479.0m card fraud losses can be further broken down as:-

  • £331.5m for phone, internet and mail order fraud (Card-not-present fraud), an increase of £30.4m or 10.10% compares to £301.1m 2013.
    Out of the £331.5m, 66.09% or £219.1m is for e-commerce, an increase of of £29m or 15.26% compares to £190.1m 2013.
  • £47.8m for counterfeit (skimmed/cloned) fraud, an increase of £4.4m or 10.14% compares to £43.4m 2013.
  • £59.7m for fraud on lost or stolen cards, an increase of £0.8m or 1.36% compares to £58.9m 2013.
  • £29.9m for card ID theft, a decrease of £6.8m or 18.53% compares to £36.7m 2013.
  • £10.1m for mail non-receipt, a decrease of £0.3m or 2.88% compares to £10.4m 2013.

Within the £479.0m card fraud losses, £49.2m is for UK retail face-to-face transactions(a decrease of £11.6m or 19.08% compares to £60.8m in 2013), and £27.3m for UK cash machine fraud(a decrease of £4.6m or 14.42% compares to £31.9m in 2013).


Monthly Statistics 2014

As at 31st December 2014, the outstanding credit card balances stood at £60.117 billions, an increase of £721 millions or 1.21% compares to £59.396 billions at the end of November 2014. There are 58.758 millions credit cards(50.602 million accounts) at the end of December 2014, an increase of 85,000 or 0.14% compares to 58.673 millions at the end of November 2014. The total card spending for December 2014 is £14.218 billions, generated from 263.116 millions of transactions(average £54 per transaction). £327 millions is recorded for cash withdrawals, generated from 2.734 millions transactions(average £120 per transaction).

As at 30th November 2014, the outstanding credit card balances stood at £59.396 billions, an increase of £637 millions or 1.08% compares to £58.759 billions at the end of October 2014. There are 58.673 millions credit cards(50.608 million accounts) at the end of November 2014, a decrease of 737,000 or 1.24% compares to 59.410 millions at the end of October 2014. The total card spending for November 2014 is £11.963 billions, generated from 212.103 millions of transactions(average £56 per transaction). £277 millions is recorded for cash withdrawals, generated from 2.408 millions transactions(average £115 per transaction).

As at 31st October 2014, the outstanding credit card balances stood at £58.759 billions, an increase of £59 millions or 0.10% compares to £58.700 billions at the end of September 2014. There are 59.410 millions credit cards(51.204 million accounts) at the end of October 2014, an increase of 48,000 or 0.08% compares to 59.362 millions at the end of September 2014. The total card spending for October 2014 is £12.440 billions, generated from 213.738 millions of transactions(average £58 per transaction). £321 millions is recorded for cash withdrawals, generated from 2.719 millions transactions(average £118 per transaction).

As at 30th September 2014, the outstanding credit card balances stood at £58.700 billions, an increase of £148 millions or 0.25% compares to £58.552 billions at the end of August 2014. There are 59.362 millions credit cards(51.129 million accounts) at the end of September 2014, an increase of 44,000 or 0.07% compares to 59.318 millions at the end of August 2014. The total card spending for September 2014 is £12.481 billions, generated from 210.330 millions of transactions(average £59 per transaction). £356 millions is recorded for cash withdrawals, generated from 2.868 millions transactions(average £124 per transaction).

As at 31st August 2014, the outstanding credit card balances stood at £58.552 billions, an increase of £358 millions or 0.62% compares to £58.194 billions at the end of July 2014. There are 59.318 millions credit cards(51.062 million accounts) at the end of August 2014, an increase of 132,000 or 0.22% compares to 59.186 millions at the end of July 2014. The total card spending for August 2014 is £11.687 billions, generated from 201.360 millions of transactions(average £58 per transaction). £348 millions is recorded for cash withdrawals, generated from 2.722 millions transactions(average £128 per transaction).

As at 31st July 2014, the outstanding credit card balances stood at £58.194 billions, an increase of £57 millions or 0.10% compares to £58.137 billions at the end of June 2014. There are 59.186 millions credit cards(50.943 million accounts) at the end of July 2014, an increase of 188,000 or 0.32% compares to 58.998 millions at the end of June 2014. The total card spending for July 2014 is £12.431 billions, generated from 211.434 millions of transactions(average £59 per transaction). £366 millions is recorded for cash withdrawals, generated from 2.858 millions transactions(average £128 per transaction).

As at 30th June 2014, the outstanding credit card balances stood at £58.137 billions, an increase of £382 millions or 0.66% compares to £57.755 billions at the end of May 2014. There are 58.998 millions credit cards(50.809 million accounts) at the end of June 2014, an increase of 660,000 or 1.13% compares to 58.338 millions at the end of May 2014. The total card spending for June 2014 is £12.149 billions, generated from 206.080 millions of transactions(average £59 per transaction). £349 millions is recorded for cash withdrawals, generated from 2.841 millions transactions(average £123 per transaction).

As at 31st May 2014, the outstanding credit card balances stood at £57.755 billions, an increase of £217 millions or 0.38% compares to £57.538 billions at the end of April 2014. There are 58.338 millions credit cards(50.153 million accounts) at the end of May 2014, a decrease of 249,000 or 0.43% compares to 58.587 millions at the end of April 2014. The total card spending for May 2014 is £11.712 billions, generated from 200.536 millions of transactions(average £58 per transaction). £333 millions is recorded for cash withdrawals, generated from 2.649 millions transactions(average £126 per transaction).

As at 30th April 2014, the outstanding credit card balances stood at £57.538 billions, an increase of £463 millions or 0.81% compares to £57.075 billions at the end of March 2014. There are 58.587 millions credit cards(50.477 million accounts) at the end of April 2014, an increase of 630,000 or 1.09% compares to 57.957 millions at the end of March 2014. The total card spending for April 2014 is £11.679 billions, generated from 195.264 millions of transactions(average £60 per transaction). £322 millions is recorded for cash withdrawals, generated from 2.749 millions transactions(average £117 per transaction).

As at 31st March 2014, the outstanding credit card balances stood at £57.075 billions, a decrease of £342 millions or 0.60% compares to £57.417 billions at the end of February 2014. There are 57.957 millions credit cards(50.348 million accounts) at at the end of March 2014, an increase of 223,000 or 0.39% compares to 57.734 millions at the end of February 2014. The total card spending for March 2014 is £11.863 billions, generated from 196.386 millions of transactions(average £60 per transaction). £303 millions is recorded for cash withdrawals, generated from 2.586 millions transactions(average £117 per transaction).

As at 28th February 2014, the outstanding credit card balances stood at £57.417 billions, a decrease of £53 millions or 0.09% compares to £57.470 billions at the end of January 2014. There are 57.734 millions credit cards(50.113 million accounts) at the end of February 2014, a decrease of 41,000 or 0.07% compares to 57.775 millions at the end of January 2014. The total card spending for February 2014 is £10.465 billions, generated from 173.969 millions of transactions(average £60 per transaction). £273 millions is recorded for cash withdrawals, generated from 2.330 millions transactions(average £117 per transaction).

As at 31st January 2014, the outstanding credit card balances stood at £57.470 billions, a decrease of £841 millions or 1.44% compares to £58.311 billions at the end of December 2013. There are 57.775 millions credit cards(50.011 million accounts) at the end of January 2014, a decrease of 263,000 or 0.45% compares to 58.038 millions at the end of December 2013. The total card spending for January 2014 is £11.516 billions, generated from 186.328 millions of transactions(average £62 per transaction). £286 millions is recorded for cash withdrawals, generated from 2.387 millions transactions(average £120 per transaction).


Credit Cards in United Kingdom 2012-2013

As at 31st December 2013, there are 58,038,000 credit cards(49.76mn accounts) in UK, a decrease of 908,000 or 1.54% compares to 58,946,000 cards(49.54mn accounts) in the same period a year ago. And the outstanding credit stood at £58.31 billions as at 31st December 2013, an increase of 1.64% or £0.94 billions compares to £57.37 billions in the same period in 2012, showing that cardholders are slow(with 13.41% increase in balance transfers transaction value) in paying off their card spending compares to previous year with 61.1% of the balances bearing interest.

Total Card Transactions in Volume and Value
UK recorded 2,375 millions card transactions in 2013, an increase of 151 millions or 6.79% compares to 2,224 millions in 2012. The number of transactions can be further broken down as:-

  • 2,339 millions purchases transaction, an increase of 149 millions or 6.80% compares to 2,190 millions in 2012
  • 30.20 millions cash withdrawals transaction, an increase of 0.87 millions or 2.97% compares to 29.33 millions in 2012
  • 5.70 millions balance transfers transaction, an increase of 0.56 millions or 10.89% compares to 5.14 millions in 2012

The total card transactions for 2013 is £155.35 billions in value, an increase of £4.94 billions or 3.28% compares to £150.41 billions in 2012. The figure can be further broken down as:-

  • £139.15 billions purchases transaction, an increase of £3.41 billions or 2.51% compares to £135.74 billions in 2012
  • £3.85 billions cash withdrawals transaction, an increase of £0.07 billions or 1.85% compares to £3.78 billions in 2012
  • £12.35 billions balance transfers transaction, an increase of £1.46 billions or 13.41% compares to £10.89 billions in 2012

Card Fraud in United Kingdom
Card Fraud in UK amounted to £450.4m in 2013, an increase of £62.1m or 15.99% compares to £388.3m in 2012. 72.91% or £328.4m of card fraud is committed in UK(an increase of £41.7m or 14.54% compares to £286.7m in 2012), while £122.0m or 27.09% is committed abroad(an increase of £20.7m or 20.43% compares to £101.3m in 2012).
The £450.4m card fraud losses can be further broken down as:-

  • £301.1m for phone, internet and mail order fraud (Card-not-present fraud), an increase of £55.1m or 22.40% compares to £246.0m 2012.
    Out of the £301.1m, 63.14% or £190.1m is for e-commerce, an increase of of £49.9m or 35.59% compares to £140.2m 2012.
  • £43.4m for counterfeit (skimmed/cloned) fraud, an increase of £1.3m or 3.09% compares to £42.1m 2012.
  • £58.9m for fraud on lost or stolen cards, an increase of £3.7m or 6.70% compares to £55.2m 2012.
  • £36.7m for card ID theft, an increase of £4.5m or 13.98% compares to £32.2m 2012.
  • £10.4m for mail non-receipt, a decrease of £2.4m or 18.75% compares to £12.8m 2012.

Within the £450.4m card fraud losses, £60.8m is for UK retail face-to-face transactions(an increase of £6.2m or 11.36% compares to £54.6m in 2012), and £31.9m for UK cash machine fraud(an increase of £3m or 10.38% compares to £28.9m in 2012).


Monthly Statistics 2013

As at 31st January 2013, the outstanding credit card balances stood at £56.251 billions, an increase of £1.116 billions or 1.95% compares to £57.367 billions at the end of December 2012. There are 58.821 millions credit cards(49.385 million accounts) at the end of January 2013, a decrease of 125,000 or 0.21% compares to 58.946 millions at the end of December 2012. The total card spending for January 2013 is £10.870 billions, generated from 174.075 millions of transactions(average £62 per transaction). £297 millions is recorded for cash withdrawals, generated from 2.332 millions transactions(average £127 per transaction).

As at 28th February 2013, the outstanding credit card balances stood at £56.322 billions, an increase of £71 millions or 0.13% compares to £56.251 billions at the end of January 2013. There are 58.490 millions credit cards(49.164 million accounts) at the end of February 2013, a decrease of 331,000 or 0.56% compares to 58.821 millions at the end of January 2013. The total card spending for February 2013 is £10.181 billions, generated from 165.698 millions of transactions(average £61 per transaction). £280 millions is recorded for cash withdrawals, generated from 2.224 millions transactions(average £126 per transaction).

As at 31st March 2013, the outstanding credit card balances stood at £55.972 billions, a decrease of £350 millions or 0.62% compares to £56.322 billions at the end of February 2013. There are 58.531 millions credit cards(49.183 million accounts) at the end of March 2013, an increase of 41,000 or 0.07% compares to 58.490 millions at the end of February 2013. The total card spending for March 2013 is £10.923 billions, generated from 176.792 millions of transactions(average £62 per transaction). £292 millions is recorded for cash withdrawals, generated from 2.297 millions transactions(average £127 per transaction).

As at 30th April 2013, the outstanding credit card balances stood at £56.210 billions, an increase of £238 millions or 0.43% compares to £55.972 billions at the end of March 2013. There are 57.693 millions credit cards(49.150 million accounts) at the end of April 2013, a decrease of 838,000 or 1.43% compares to 58.531 millions at the end of March 2013. The total card spending for April 2013 is £11.642 billions, generated from 191.650 millions of transactions(average £61 per transaction). £328 millions is recorded for cash withdrawals, generated from 2.678 millions transactions(average £122 per transaction).

As at 31st May 2013, the outstanding credit card balances stood at £56.458 billions, an increase of £248 millions or 0.44% compares to £56.210 billions at the end of April 2013. There are 57.905 millions credit cards(49.179 million accounts) at the end of May 2013, an increase of 212,000 or 0.37% compares to 57.693 millions at the end of April 2013. The total card spending for May 2013 is £11.772 billions, generated from 193.142 millions of transactions(average £61 per transaction). £330 millions is recorded for cash withdrawals, generated from 2.534 millions transactions(average £130 per transaction).

As at 30th June 2013, the outstanding credit card balances stood at £56.873 billions, an increase of £415 millions or 0.74% compares to £56.458 billions at the end of May 2013. There are 57.874 millions credit cards(49.255 million accounts) at the end of June 2013, a decrease of 31,000 or 0.05% compares to 57.905 millions at the end of May 2013. The total card spending for June 2013 is £10.951 billions, generated from 182.387 millions of transactions(average £60 per transaction). £310 millions is recorded for cash withdrawals, generated from 2.397 millions transactions(average £129 per transaction).

As at 31st July 2013, the outstanding credit card balances stood at £56.728 billions, a decrease of £145 millions or 0.25% compares to £56.873 billions at the end of June 2013. There are 57.958 millions credit cards(49.387 million accounts) at the end of July 2013, an increase of 84,000 or 0.15% compares to 57.874 millions at the end of June 2013. The total card spending for July 2013 is £12.431 billions, generated from 210.362 millions of transactions(average £59 per transaction). £375 millions is recorded for cash withdrawals, generated from 2.803 millions transactions(average £134 per transaction).

As at 31st August 2013, the outstanding credit card balances stood at £56.672 billions, a decrease of £56 millions or 0.10% compares to £56.728 billions at the end of July 2013. There are 57.980 millions credit cards(49.496 million accounts) at the end of August 2013, an increase of 22,000 or 0.04% compares to 57.958 millions at the end of July 2013. The total card spending for August 2013 is £11.559 billions, generated from 196.914 millions of transactions(average £59 per transaction). £367 millions is recorded for cash withdrawals, generated from 2.751 millions transactions(average £133 per transaction).

As at 30th September 2013, the outstanding credit card balances stood at £57.008 billions, an increase of £336 millions or 0.59% compares to £56.672 billions at the end of August 2013. There are 58.057 millions credit cards(49.596 million accounts) at the end of September 2013, an increase of 77,000 or 0.13% compares to 57.980 millions at the end of August 2013. The total card spending for September 2013 is £11.770 billions, generated from 196.293 millions of transactions(average £60 per transaction). £343 millions is recorded for cash withdrawals, generated from 2.655 millions transactions(average £129 per transaction).

As at 31st October 2013, the outstanding credit card balances stood at £56.963 billions, a decrease of £45 millions or 0.08% compares to £57.008 billions at the end of September 2013. There are 58.120 millions credit cards(49.721 million accounts) at the end of October 2013, an increase of 63,000 or 0.11% compares to 58.057 millions at the end of September 2013. The total card spending for October 2013 is £11.902 billions, generated from 200.941 millions of transactions(average £59 per transaction). £323 millions is recorded for cash withdrawals, generated from 2.610 millions transactions(average £124 per transaction).

As at 30th November 2013, the outstanding credit card balances stood at £57.701 billions, an increase of £738 millions or 1.30% compares to £56.963 billions at the end of October 2013. There are 58.070 millions credit cards(49.735 million accounts) at the end of November 2013, a decrease of 50,000 or 0.09% compares to 58.120 millions at the end of Ocotber 2013. The total card spending for November 2013 is £12.015 billions, generated from 209.498 millions of transactions(average £57 per transaction). £287 millions is recorded for cash withdrawals, generated from 2.400 millions transactions(average £120 per transaction).

As at 31st December 2013, the outstanding credit card balances stood at £58.311 billions, an increase of £610 millions or 1.06% compares to £57.701 billions at the end of November 2013. There are 58.038 millions credit cards(49.758 million accounts) at the end of December 2013, a decrease of 32,000 or 0.06% compares to 58.070 millions at the end of November 2013. The total card spending for December 2013 is £13.133 billions, generated from 241.685 millions of transactions(average £54 per transaction). £313 millions is recorded for cash withdrawals, generated from 2.522 millions transactions(average £124 per transaction).


Credit Cards in United Kingdom 2011-2012

The number of credit cards in UK increase marginally for the first time after steady decilne since 2009. As at 31st December 2012, there are 58,946,000 credit cards(49.54mn accounts) in UK, an increase of 262,000 or 0.45% compares to 58,684,000 cards(49.22mn accounts) in the same period a year ago. And the outstanding credit stood at £57.37 billions as at 31st December 2012, a decrease of 1.73% or £1.01 billions compares to £58.38 billions in the same period in 2011, showing that cardholders are consistently paying off their card spending with 65.4% of the balances bearing interest.

Total Card Transactions in Volume and Value
UK recorded 2,224 millions card transactions in 2012, an increase of 108 millions or 5.10% compares to 2,116 millions in 2011. The number of transactions can be further broken down as:-

  • 2,190 millions purchases transaction, an increase of 109 millions or 5.24% compares to 2,081 millions in 2011
  • 29.33 millions cash withdrawals transaction, a decrease of 0.24 millions or 0.81% compares to 29.57 millions in 2011
  • 5.14 millions balance transfers transaction, an increase of 0.02 millions or 0.39% compares to 5.12 millions in 2011

The total card transactions for 2012 is £150.41 billions in value, an increase of £2.39 billions or 1.61% compares to £148.02 billions in 2011. The figure can be further broken down as:-

  • £135.74 billions purchases transaction, an increase of £2.68 billions or 2.01% compares to £133.06 billions in 2011
  • £3.78 billions cash withdrawals transaction, a decrease of £0.18 billions or 4.55% compares to £3.96 billions in 2011
  • £10.89 billions balance transfers transaction, a decrease of £0.11 billions or 1.00% compares to £11.00 billions in 2011

Card Fraud in United Kingdom
Card Fraud in UK amounted to £388.3m in 2012, an increase of £47.3m or 13.87% compares to £341.0m in 2011. 73.91% or £287.0m of card fraud is committed in UK(an increase of £26m or 9.96% compares to £261.0m in 2011), while £101.3m or 26.11% is committed abroad(an increase of £21.3m or 26.63% compares to £80.0m in 2011).
The £388.3m card fraud losses can be further broken down as:-

  • £246.0m for phone, internet and mail order fraud (Card-not-present fraud), an increase of £25.1m or 11.36% compares to £220.9m 2011.
    Out of the £246.0m, 56.99% or £140.2m is for e-commerce, an increase of of £0.6m or 0.43% compares to £139.6m 2011.
  • £42.1m for counterfeit (skimmed/cloned) fraud, an increase of £6.0m or 16.62% compares to £36.1m 2011.
  • £55.2m for fraud on lost or stolen cards, an increase of £5.1m or 10.18% compares to £50.1m 2011.
  • £32.2m for card ID theft, an increase of £9.7m or 43.11% compares to £22.5m 2011.
  • £12.8m for mail non-receipt, an increase of £1.5m or 13.27% compares to £11.3m 2011.

Within the £388.3m card fraud losses, £54.6m is for UK retail face-to-face transactions(an increase of £11.4m or 26.39% compares to £43.2m in 2011), and £28.9m for UK cash machine fraud(a decrease of £0.4m or 1.37% compares to £29.3m in 2011).


Credit Cards in United Kingdom 2010-2011

The number of credit cards in UK continues to slide. As at 31st December 2011, there are 58,684,000 credit cards(49.22mn accounts) in UK, a decrease of 830,000 or 1.39% compares to 59,514,000 cards(50.08mn accounts) in the same period a year ago. And the outstanding credit stood at £58.38 billions as at 31st December 2011, a decrease of 6.47% or £4.04 billions compares to £62.42 billions in the same period in 2010, showing that cardholders are consistently paying off their card spending with 66.1% of the balances bearing interest.

Total Card Payments in Volume and Value
UK recorded 2,116 millions card transactions in 2011, an increase of 87 millions or 4.29% compares to 2,029 millions in 2010. The number of transactions can be further broken down as:-

  • 2,081 millions purchases transaction, an increase of 88 millions or 4.42% compares to 1,993 millions in 2010
  • 29.57 millions cash withdrawals transaction, a decrease of 1.09 millions or 3.56% compares to 30.66 millions in 2010
  • 5.12 millions balance transfers transaction, a decrease of 0.01 millions or 0.19% compares to 5.13 millions in 2010

The total card transactions for 2011 is £148.02 billions in value, an increase of £3.60 billions or 2.49% compares to £144.42 billions in 2010. The figure can be further broken down as:-

  • £133.06 billions purchases transaction, an increase of £3.71 billions or 2.87% compares to £129.35 billions in 2010
  • £3.96 billions cash withdrawals transaction, a decrease of £0.43 billions or 9.79% compares to £4.39 billions in 2010
  • £11.00 billions balance transfers transaction, an increase of £0.32 billions or 3.00% compares to £10.68 billions in 2010

Card Fraud in United Kingdom
Card Fraud in UK amounted to £341.0m in 2011, a decrease of £24.4m or 6.68% compares to £365.4m in 2010. 76.54% or £261.0m of card fraud is committed in UK(a decrease of £10.5m or 3.87% compares to £271.5m in 2010), while £80.0m or 23.46% is committed abroad(a decrease of £13.9m or 14.80% compares to £93.9m in 2010).
The £341.0m card fraud losses can be further broken down as:-

  • £220.9m for phone, internet and mail order fraud (Card-not-present fraud), a decrease of £6.9m or 3.04% compares to £226.9m 2010.
    Out of the £220.9m, 63.20% or £139.6m is for e-commerce, an increase of of £4.5m or 3.33% compares to £135.1m 2010.
  • £36.1m for counterfeit (skimmed/cloned) fraud, a decrease of £11.5m or 24.16% compares to £47.6m 2010.
  • £50.1m for fraud on lost or stolen cards, an increase of £5.7m or 12.84% compares to £44.4m 2010.
  • £22.5m for card ID theft, a decrease of £15.6m or 40.94% compares to £38.1m 2010.
  • £11.3m for mail non-receipt, an increase of £2.9m or 34.52% compares to £8.4m 2010.

Within the £341.0m card fraud losses, £43.2m is for UK retail face-to-face transactions(a decrease of £24.2m or 35.91% compares to £67.4m in 2010), and £29.3m for UK cash machine fraud(a decrease of £3.9m or 11.75% compares to £33.2m in 2010).
The £261.0m of card fraud losses commited in UK can be further dissected regionally. More than half of the card fraud losses, 57.43% or £149.9m commited in the South East of UK, a decrease of £6.7m or 4.28% compares to £156.6m in 2010. North West has the second highest card fraud with £21.1m losses, a decrease of £2.4m or 10.21% compares to £23.5m in 2010. East Midlands came in third with £16.6m losses, followed by West Midlands with £14.2m losses and Yorks & Humberside with £12.2m losses. Wheeras North East has the lowest card fraud with £4.8m losses, followed by Northern Ireland with £6.3m losses, Wales with £7.6m losses and East Anglia with £8.1m losses.


Credit Cards in United Kingdom 2009-2010

The number of credit cards in UK continues to slide. As at 31st December 2010, there are 59,514,000 credit cards in UK, a decrease of 2,477,000 or 4% compares to 61,991,000 in the same period a year ago. And the outstanding credit stood at £62.42 billions as at 31st December 2010, a decrease of 3.18% or £2.05 billions compares to £64.47 billions in the same period in 2009. This is inline with cardholders change of habit by using cards for payment rather than borrowing, with 30 per cent of spending incurring no interest and one-third of accounts carrying no balance.

Total Card Payments in Volume and Value
UK recorded 2,029 millions card transactions in 2010, an increase of 24 millions or 1.2% compares to 2,005 millions in 2009. The number of transactions can be further broken down as:-

  • 1,993 millions purchases transaction, an increase of 31 millions or 1.58% compares to 1,962 millions in 2009
  • 30.66 millions cash withdrawals transaction, a decrease of 6.61 millions or 17.74% compares to 37.27 millions in 2009
  • 5.13 millions balance transfers transaction, a decrease of 0.19 millions or 3.57% compares to 5.32 millions in 2009

The total card transactions for 2010 is £144.42 billions in value, an increase of £1.61 billions or 1.13% compares to £142.81 billions in 2009. The figure can be further broken down as:-

  • £129.35 billions purchases transaction, an increase of £3.34 billions or 2.65% compares to £126.01 billions in 2009
  • £4.39 billions cash withdrawals transaction, a decrease of £1.62 billions or 26.96% compares to £6.01 billions in 2009
  • £10.68 billions balance transfers transaction, a decrease of £0.11 billions or 1.02% compares to £10.79 billions in 2009

Note: Data showing the split between Mastercard and Visa are no longer available, due to certain institutions moving existing credit card accounts from Visa or Mastercard to Amex branding.

Card Fraud in United Kingdom
Card Fraud in UK amounted to £365.4m in 2010(lowest level since 2000), a decrease of £74.6m or 16.95% compares to £440.0m in 2009. The card fraud has been rapidly reduced by 40.09% in two years period, down from all-time high of £610m in 2008. 74.3% or £271.5m of card fraud is committed in UK(a decrease of £45.9m or 14.46% compares to £317.4m in 2009), while £93.9m or 25.7% is committed abroad(a decrease of £28.7m or 23.41% compares to £122.6m in 2009). The £93.9m card fraud losses abroad has reduced significantly by £136.2m or 59.19%, compares to £230.1m losses in 2008.
The £365.4m card fraud losses can be further broken down as:-

  • £226.9m for phone, internet and mail order fraud (Card-not-present fraud), a decrease of £39.5m or 14.83% compares to £266.4m 2009.
    Out of the £226.9m, 59.54% or £135.1m is for e-commerce, a decrease of of £18.1m or 11.81% compares to £153.2m 2009.
  • £47.6m for counterfeit (skimmed/cloned) fraud, a decrease of £33.3m or 41.16% compares to £80.9m 2009.
  • £44.4m for fraud on lost or stolen cards, a decrease of £3.3m or 6.92% compares to £47.7m 2009.
  • £38.1m for card ID theft, a decrease of £0.1m or 0.26% compares to £38.2m 2009.
  • £8.4m for mail non-receipt, an increase of £1.5m or 21.74% compares to £6.9m 2009.

Within the £365.4m card fraud losses, £67.4m is for UK retail face-to-face transactions(a decrease of £4.4m or 6.13% compares to £71.8m in 2009), and £33.2m for UK cash machine fraud(a decrease of £3.5m or 9.54% compares to £36.7m in 2009).
The £271.5m of card fraud losses commited in UK can be further dissected regionally. More than half of the card fraud losses, 57.68% or £156.6m commited in the South East of UK, a decrease of £11.2m or 6.67% compares to £167.8m in 2009. North West has the second highest card fraud with £23.5m losses, a decrease of £15.5m or 39.74% compares to £39.0m in 2009. West Midlands came in third with £16.5m losses, followed by Yorks & Humberside with £15.4m losses and East Midlands with £13.6m losses. Wheeras North Ireland has the lowest card fraud with £0.83m losses, followed by East Anglia with £5.4m losses, North East with £7.8m losses and Wales with £7.8m losses.


Credit Cards in United Kingdom 2008-2009

The number of credit cards in UK continues to slide from 67,413,000 as at 31st December 2008 to 60,396,000 as at 31st December 2009. The decrease of 7,017,000 or 10.41% is expected due to financial crisis worldwide. During the period, prudent approach is taken by credit card issuers for issuances of new credit card with some old accounts are being closed in the same time. Nonetheless, UK still has the highest number of credit cards issued in Europe.
Of all the cards issued, 21,699,000 is for Visa Card(a significant decrease of 5,437,000 or 20.06% compares to 27,106,000 a year ago), while 38,727,000 is for MasterCard(a decrease of 1,579,000 or 3.92% compares to 40,306,000 a year ago). Outstanding credit stood at £64.47 billions as at 31st December 2009, a decrease of 2.73% or £1.81 billions compares to £66.28 billions in the same period in 2008.

Total Card Payments in Volume and Value
UK recorded 1,952 millions card transactions in 2009, a decrease of 42 millions or 2.1% compares to 1,994 millions in 2008. The number of transactions can be further broken down as 1,911 millions(635mn Visa, 1,276mn MasterCard) for purchases, 36.24 millions(14.3mn Visa, 21.94mn MasterCard) for cash withdrawals and 5.21 millions(1.82mn Visa, 3.39mn MasterCard) for balance transfers.
Out of these transactions, 651 millions or 33.35% is using Visa, a decrease of 113 millions or 14.79% compares to 764 millions in 2008; which is in tandem with the decrease in number of Visa card. Whereas 1,301 millions is using MasterCard, an increase of 71 millions or 5.77% compares to 1,230 millions in 2008; which shows the decrease in the number of MasterCard does not impact its number of transactions. In conclusion, the MasterCard brand is the clear winner over Visa brand in UK for 2009.

The total card transactions for 2009 is £139.52 billions in value, a decrease of £10.35 billions or 6.91% compares to £149.87 billions in 2008, which is inline with the decrease in number of credit cards issued. The figure can be further broken down as £123.10 billions(£44.62bn Visa, £78.48bn MasterCard) for purchases, £5.82 billions(£2.4bn Visa, £3.42bn MasterCard) for cash withdrawals and £10.59 billions(£3.64bn Visa, £6.95bn MasterCard) for balance transfers.
Out of these transactions, £50.67 billions or 36.33% is using Visa, a decrease of £10.03 billions or 16.52% compares to £60.7 billions in 2008; which is in tandem with the decrease in number of Visa card. Whereas £88.85 billions is using MasterCard, an decrease of £0.32 billions or 0.36% compares to £89.17 billions in 2008; which shows the decrease in the number of MasterCard does not have a big impact its total transactions value.


Credit Cards in United Kingdom 2007-2008

As of 2008, UK has a population of 61.35 millions with a GDP(gross domestic product) of €1,816.09 billions. This translates into €29.60 thousands of GDP per capita. UK contributes 14.51% of the EU total GDP, third behind Germany and France. There is a significant drop of 11.16% or €228.04 billions in GDP for UK compares to 2007.

As at 31st December 2008, there are 148,869,000 payment cards issued in UK(2.44 cards per capita), making UK the Europe leader in number of cards issued in the country per capita. This is an increase of 4,204,000 payment cards issued or 2.91% compares to 144,665,000 in 2007.

There are 66,163,000 credit cards in UK as at 31st December 2008, a decrease of 1,148,000 or 1.71% compares to 67,311,000 in 2007. UK has the highest number of credit cards issued in Europe followed by France(with 50% lesser cards). In the same period, there are 4,095,000 cards with a credit and/or delayed debit function in UK, a significant increase of 727,000 or 21.59% compares to 3,368,000 in 2007. Debit cards increase by 4,625,000 or 6.25% to 78,610,000 in 2008, compares to 73,985,000 in 2007. UK is the second highest country in Europe when it comes to debit cards issued, behind the leader Germany.

Total Card Payments in Volume and Value
For 2008, UK recorded the highest card payment transactions in Europe with 7,595.00 millions transactions(124.45 transactions per capita), an increase of 395 millions or 5.49% compares to 7,200.00 millions in 2007. Out of these transactions, 1,791.00 millions or 23.58% is paid by credit cards, a decrease of 15.00 millions or 0.83% compares to 1,806.00 millions in 2007; which is in tandem with the decrease in number of credit cards. Whereas 179.00 millions is paid by cards with a credit and/or delayed debit function, an increase of 48.00 millions or 36.64% compares to 131.00 millions in 2007; which reflects the impact of 21.59% increase in number of cards. The rest of card payment transactions(5,625.00 millions) are paid by debit cards, an increase of 362.00 millions or 6.88% compares to 5,263 millions in 2007. UK total card payment transactions volume contributes 25.78% to the EU total number of transactions, which also happened to be the top contributor.

The total card payments for 2008 is €511.99 billions in value(€8.39 thousands per capita - second highest in Europe), although there is a decrease of €21.86 billions or 3.95% compares to €553.85 billions in 2007, UK card payments value is still ranked top in Europe. This also translates into €67.4 per card payment transaction, decrease from €76.9 in 2007; which shown payment cards are used for increasingly smaller amounts. Out of these transactions, €143.36 billions or 28.00% is paid by credit cards, a decrease of €22.32 billions or 13.47% compares to €165.68 billions in 2007 due to drop in number of credit cards. Whereas €26.09 billions or 5.10% is paid by cards with a credit and/or delayed debit function, an increase of €4.20 billions or 19.19% compares to €21.89 billions in 2007; which is in tandem with the increase of cards with a credit and/or delayed debit function. The rest of card payments, €342.53 billions in value is paid by debit cards, a decrease of €23.74 billions or 6.48% compares to €366.27 billions in 2007. UK total card payment value contributes 30.47% to the EU total transactions value, the highest in Europe.

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