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 13 December 2019):

Card transactions by UK cardholders:

  • There were 1.6 billion transactions on UK cardholders' debit cards in September 2019, 10.4 per cent more than in September 2018. This reflected a total spend of £51.1 billion, 2.0 per cent more than in the same period in 2018.
  • There were 287 million transactions on UK cardholders' credit cards in September 2019, 12.3 per cent more than in September 2018. This reflected a total spend of £16.6 billion, 9.5 per cent more than in the same period a year earlier.
  • The annual growth rate of outstanding balances on credit cards stood at 3.4 per cent in September 2019, continuing the downward trend from its recent peak of 8.3 per cent at the start of 2018 and showing that consumers are managing their finances effectively overall.

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

  • There were 1.7 billion debit and credit card transactions in the UK in September 2019, 8.3 per cent more than a year ago. This reflected a total spend of £63.1 billion, 3.8 per cent more than in the same period in 2018.
  • 32 per cent of credit card transactions and 46 per cent of debit card transactions in the UK were made using contactless cards.
  • In total there were 740 million contactless card transactions in the UK in September 2019, a 20.1 per cent increase from 616 million in the same month a year earlier. Growth in credit card contactless transactions were 25.7 per cent more than in the same period a year earlier and debit card contactless transactions were 19.2 per cent more than the same period a year earlier.
  • The total value of contactless transactions was £7.0 billion in the UK in September 2019, a 22.3 per cent increase from £5.7 billion in the same month in 2018.

LATEST DATA:

Card Spending Update - September 2019

Card Spending Update (PDF)

Card Spending Update (XLS)

Total Market Data - Credit Card Statistics

UK Finance members only