Comparing credit card offers since 2005 - it's fast and easy! Search, Compare and Apply for the best credit card deals now

Visa Credit Card Usage Continues to Expand

by Peter Andrew


Credit Card Usage Continues to Expand

According to a Reuters

report, Visa saw its charge volume increase 17.4% in the

first quarter over the prior year, with cardholders spending

$318.2 billion. Visa also had 497.2 million cards outstanding

in the United States, a 9.8 percent increase versus the same

time last year.


biggest increase percentage-wise in card usage was in the commercial

and small business category, which saw volume rise by over 27

percent to $39.5 billio. While consumer card usage only rose

about 10% from a year earlier, consumer cards accounted for

$136.6 billion in volume.


increased use of check and debit cards continued to be demonstrated,

as these cards' volume rose 17.6 percent to $109.8 billion.

Published 05/16/06 (Modified 05/07/12)

Share this article with:

0 Responses to "Visa Credit Card Usage Continues to Expand"

No Comments

Leave a Comment