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Link to original content: http://www.statista.com/statistics/1274322/annual-credit-card-transaction-value-uk/
Credit card spending UK 2012-2022 | Statista

Annual credit card spending in the UK 2012-2022, in local currency and USD

Published by Statista Research Department, May 13, 2024

The value of credit card payments in the United Kingdom reached an all-time high in 2022, growing by nearly 50 billion British pounds that year. 2022 is the second consecutive year in which credit card expenses go up. The source claims that lockdown restrictions in the summer of 2020 limited credit card payments. The monthly credit card expenses did increase over the course of that timeframe, reaching near pre-pandemic figures in July 2021.

Value of credit card transactions for payments in the United Kingdom (UK) from 2012 to 2022 (in million GBP, and estimates in U.S. dollars)

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Sources

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Release date

February 2024

Region

United Kingdom

Survey time period

2012 to 2022

Special properties

Figures have been taken from multiple monthly publications, converted to annual figures, and then estimated to U.S. dollars by Statista; Figures are on both UK and overseas issued cards, and include purchases, cash advances and balance transfers

Supplementary notes

All figures have been gathered and calculated by Statista, based on information from various sources. These include:

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Statistics on " Digital payment types in the United Kingdom (UK) "

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Other statistics that may interest you Digital payment types in the United Kingdom (UK)

Market share

7

Penetration

8

Biggest brands

7

Users

7

Transaction value

7

Number of transactions

7

Miscellaneous

7

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Topics

Digital payments landscape in the UKMobile payments with digital walletsE-commerce in the United Kingdom (UK)Fintech in EuropeCrypto payments
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