Spending On Plastic Cards Surpassed $6 Trillion In 2018

Plastic Cards

FOSTER CITY, Calif.—Spending for goods and services generated by Mastercard and Visa credit, debit, and prepaid cards issued in the United States was $6.021 trillion in 2018, an increase of 9.5% over 2017, a new report shows.

Visa purchase volume market share, at 70.56% for 2018, was down from 70.65% in 2017. This was the first time Mastercard had increased its market share versus Visa since 2012, stated Global Newswire, citing The Nilson Report data.

Visa credit card purchase volume grew 10.1% last year to $1.956 trillion. Mastercard credit card purchase volume reached $810.90 billion, up 9.1%.

In 2018, the credit card average purchase amount was $84 for cards issued in the U.S., up 0.9% versus 2017. Visa's average credit card purchase amount was $82. Mastercard's average credit card purchase amount was $89, noted Global Newswire in its analysis.

Section: Standard
Word Count: 212
Copyright Holder: CUToday.info
Copyright Year: 2019
Is Based On:
URL: http://www.cutoday.info/THE-news/Spending-On-Plastic-Cards-Surpassed-6-Trillion-In-2018