The average value of a credit card transaction in Canada is predicted to decline even further between 2022 and 2027, decreasing by over six USD. This is according to one of several forecasts made by Statista covering the credit card market in Canada. The North American country is one of the most mature countries in the world when it comes to credit card penetration. This is especially reflected in the value of credit card payments making up over 25 percent of the Canada's GDP. This is partially because credit card ownership is high among young consumers in the country. Credit cards also rank as the country's most popular payment method.
Credit card payments trends overview for Canada from 2017 to 2022, with forecasts from 2023 to 2027
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Bank for International Settlements, & Statista. (February 26, 2024). Credit card payments trends overview for Canada from 2017 to 2022, with forecasts from 2023 to 2027 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1453460/key-figures-and-forecasts-for-credit-cards-in-canada/
Bank for International Settlements, und Statista. "Credit card payments trends overview for Canada from 2017 to 2022, with forecasts from 2023 to 2027." Chart. February 26, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1453460/key-figures-and-forecasts-for-credit-cards-in-canada/
Bank for International Settlements, Statista. (2024). Credit card payments trends overview for Canada from 2017 to 2022, with forecasts from 2023 to 2027. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1453460/key-figures-and-forecasts-for-credit-cards-in-canada/
Bank for International Settlements, and Statista. "Credit Card Payments Trends Overview for Canada from 2017 to 2022, with Forecasts from 2023 to 2027." Statista, Statista Inc., 26 Feb 2024, https://www.statista.com/statistics/1453460/key-figures-and-forecasts-for-credit-cards-in-canada/
Bank for International Settlements & Statista, Credit card payments trends overview for Canada from 2017 to 2022, with forecasts from 2023 to 2027 Statista, https://www.statista.com/statistics/1453460/key-figures-and-forecasts-for-credit-cards-in-canada/ (last visited December 23, 2024)
Credit card payments trends overview for Canada from 2017 to 2022, with forecasts from 2023 to 2027 [Graph], Bank for International Settlements, & Statista, February 26, 2024. [Online]. Available: https://www.statista.com/statistics/1453460/key-figures-and-forecasts-for-credit-cards-in-canada/
