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 19 January 2020):

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

  • There were 1.6 billion debit card transactions in October, 4.6 per cent fewer than in September and 3.5 per cent fewer than in October last year. The total spend of £53.2 billion was 9.1 per cent less than in September and 0.2 per cent less than last October.
  • There were 273 million credit card transactions in October, 2.8 per cent fewer than in September and 9.6 per cent fewer than in October last year. The total spend of £14 billion was 1.6 per cent less than in September and 18.6 per cent less than last October.
  • Outstanding balances on credit card accounts have contracted by 14.7 per cent over the twelve months to October, as a result of repayments outstripping new borrowing in the year.

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 October, 0.4 per cent fewer than in September and 3.6 per cent fewer than in October last year. The total spend of £64.2 billion was 2.5 per cent less than the previous month but 4.9 per cent higher than last October.
  • Contactless payments accounted for 33 per cent of all credit card and 43 per cent of all debit card transactions.
  • There were 687 million contactless card transactions in October, 1.9 per cent fewer than in September and 9.8 per cent fewer than the 762 million last October. The total value of contactless transactions was £8.1 billion in October, a 1 per cent decrease from September but a 15.8 per cent increase on £7 billion last October.
  • The number of contactless credit card transactions was 3 per cent lower than in September and 20.9 per cent lower than last October. The number of contactless debit card transactions was 1.7 per cent lower than September and 7.8 per cent lower than last October.

LATEST DATA:

Card Spending Update - October 2020

Card Spending Update (PDF)

Total Market Data - Credit Card Statistics

UK Finance members only