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 24 February 2021):

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

  • There were 1.5 billion debit card transactions in November, 6.7 per cent fewer than in October and 7.0 per cent fewer than in November 2019. The total spend of £53.6 billion was 3.0 per cent less than in October but 3.5 per cent more than November 2019.
  • There were 273 million credit card transactions in November, 0.1 per cent fewer than in October and 11.4 per cent fewer than in November 2019. The total spend of £14.6 billion was 4.0 per cent higher than in October but 15.2 per cent less than November 2019.
  • Outstanding balances on credit card accounts have contracted by 15.7 per cent over the twelve months to November, 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 1.5 billion debit and credit card transactions in the UK in November, 11.6 per cent fewer than in October and 12.4 per cent fewer than in November 2019. The total spend of £58.8 billion was 8.4 per cent less than the previous month but 0.3 per cent more than November 2019.
  • Contactless payments accounted for 37 per cent of all credit card and 59 per cent of all debit card transactions.
  • There were 817 million contactless card transactions in November, 17.6 per cent fewer than in October but 10.4 per cent more than the 740 million in November 2019. The total value of contactless transactions was £9.9 billion in November, a 17.2 per cent decrease from October but a 43.7 per cent increase on £6.9 billion in November 2019.
  • The number of contactless credit card transactions was 22.0 per cent lower than in October and 15.9 per cent lower than November 2019. The number of contactless debit card transactions was 17.0 per cent lower than October but 15.1 per cent more than November 2019.

LATEST DATA:

Card Spending Update - November 2020

Card Spending Update (PDF)

Total Market Data - Credit Card Statistics

UK Finance members only