Report: U.S. Payment Card Market Tops $6T

In 2018 Americans spent a record $6.13 trillion on goods and services via credit card according to The Nilson Report. According to the release, "commercial card spending is up 11.7 percent, compared to consumer card spending, which grew by 10.1 percent. Commercial card spending was $1.39 trillion last year. Consumer card spending was $4.74 trillion." Thing to watch out for: Current credit card debt outstanding sitting at over $1 trillion with more accounts that are at least 90 days behind on payments.


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