Card spending

Card Spending covers the monthly value and volume of transactions across debit and credit cards, both in the UK, and of UK-issued cards across the world. This data also covers outstanding balances on credit cards, card issuance and contactless payments.

Key data highlights

Updated 17 July 2024

Card transactions by UK cardholders both in the UK and overseas:

  • There were 2.2 billion debit card transactions in April, 6.9 per cent more than in April 2023. The total spend of £69.1 billion was 3.4 per cent higher than April 2023.
  • There were 374.6 million credit card transactions in April, 15.3 per cent more than in April 2023. The total spend of £21 billion was 14.4 per cent higher than April 2023.
  • Outstanding balances on credit card accounts have grown by 8.3 per cent over the twelve months to April and 49.4 per cent of outstanding balances incurred interest compared to 49.6 per cent in April 2023.

Card transactions made in the UK by cardholders from both the UK and from overseas countries:

  • There were 2.05 billion debit and credit card transactions in the UK in April, 0.1 per cent more than in April 2023. The total spend of £73.9 billion was 1.9 per cent lower than April 2023.
  • Contactless payments accounted for 64 per cent of all credit card and 75 per cent of all debit card transactions.
  • There were 1.59 billion contactless card transactions in April, 1 per cent more than the 1.49 billion in April 2023. The total value of contactless transactions was £23.7 billion in April, a 1.2 per cent increase on £23.5 billion in April 2023.
  • The number of contactless credit card transactions was 6 per cent higher than April 2023. The number of contactless debit card transactions was 0.2 per cent higher than April 2023.