Visa Credit Card Usage Continues to Expand
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.
Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.
Published (Modified )