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 18 July 2022

Annual data comparisons are impacted by the reduction of spending due to various lockdown restrictions and the economy re-opening, resulting in large percentage variations when compared to 2021.

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

  • There were 1.9 billion debit card transactions in April, 15.3 per cent more than in April 2021. The total spend of £60.9 billion was 1.2 per cent higher than April 2021.

  • There were 320.7 million credit card transactions in April, 23.7 per cent more than in April 2021 . The total spend of £17.7 billion was 28.3 per cent higher than April 2021.

  • Outstanding balances on credit card accounts have grown by 9.5 per cent over the twelve months to April.

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

  • There were 2 billion debit and credit card transactions in the UK in April, 21.7 per cent more than in April 2021. The total spend of £72.2 billion was 9.3 per cent higher than April 2021.

  • Contactless payments accounted for 60 per cent of all credit card and 72 per cent of all debit card transactions.

  • There were 1.4 billion contactless card transactions in April, 41.9 per cent more than the 972 million in April 2021. The total value of contactless transactions was £20.6 billion in April, a 72.2 per cent increase on £12 billion in April 2021.

  • The number of contactless credit card transactions was 63.3 per cent higher than April 2021. The number of contactless debit card transactions was 39.1 per cent higher than April 2021.