Due to exponential smoothing purchase dollar volume (PDV) for Visa, MasterCard, Discover and American Express U.S. credit cards is expected to exceed $4.2 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. credit card industry is growing at a CAGR of 10.1%.
U.S. CREDIT CARDS PURCHASE DOLLAR VOLUME
(Visa, MasterCard, American Express, Discover)
2013: $2362 billion
2014: $2599 billion
2015: $2859 billion
2016: $3145 billion
2017: $3459 billion
2018: $3805 billion
2019: $4215 billion
NOTE: includes charge cards
Source: RAM Research; CardData;
For data, background and forecasts on U.S. Credit Card PDV: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).