The average credit card purchase value in the United Kingdom was less than 60 British pounds, although the figure did increase in July 2023. The average ticket size for credit cards reached an all-time in the European country in January 2023, when each individual credit card transaction was worth 63 British pounds on average. This contrasted with April 2020, when coronavirus measures caused the average credit card value to decline. Consequently, the total credit card debt in the UK grows by eight percent year-on-year.
Average purchase value on credit cards in the United Kingdom (UK) from October 2016 to July 2023
(in GBP)
Seasonally adjusted; UK and overseas issued cards; All figures have been gathered and calculated by Statista. No numbers were provided for November 2017
Supplementary notes
Unlike many other countries, payment card data does not come from the central bank but from a nationwide branch organization. The data provided changed significantly in 2017, when two providers merged and introduced changes to the series.
The source states that data from January 2019 onwards covers roughly 97 percent of the credit card market in the United Kingdom.
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UK Cards Association, & British Bankers’ Association, & Statista, & UK Finance. (October 20, 2023). Average purchase value on credit cards in the United Kingdom (UK) from October 2016 to July 2023 (in GBP) [Graph]. In Statista. Retrieved November 16, 2024, from https://www.statista.com/statistics/283026/average-credit-card-spend-united-kingdom-uk-monthly/
UK Cards Association, und British Bankers’ Association, und Statista, und UK Finance. "Average purchase value on credit cards in the United Kingdom (UK) from October 2016 to July 2023 (in GBP)." Chart. October 20, 2023. Statista. Accessed November 16, 2024. https://www.statista.com/statistics/283026/average-credit-card-spend-united-kingdom-uk-monthly/
UK Cards Association, British Bankers’ Association, Statista, UK Finance. (2023). Average purchase value on credit cards in the United Kingdom (UK) from October 2016 to July 2023 (in GBP). Statista. Statista Inc.. Accessed: November 16, 2024. https://www.statista.com/statistics/283026/average-credit-card-spend-united-kingdom-uk-monthly/
UK Cards Association, and British Bankers’ Association, and Statista, and UK Finance. "Average Purchase Value on Credit Cards in The United Kingdom (Uk) from October 2016 to July 2023 (in Gbp)." Statista, Statista Inc., 20 Oct 2023, https://www.statista.com/statistics/283026/average-credit-card-spend-united-kingdom-uk-monthly/
UK Cards Association & British Bankers’ Association & Statista & UK Finance, Average purchase value on credit cards in the United Kingdom (UK) from October 2016 to July 2023 (in GBP) Statista, https://www.statista.com/statistics/283026/average-credit-card-spend-united-kingdom-uk-monthly/ (last visited November 16, 2024)
Average purchase value on credit cards in the United Kingdom (UK) from October 2016 to July 2023 (in GBP) [Graph], UK Cards Association, & British Bankers’ Association, & Statista, & UK Finance, October 20, 2023. [Online]. Available: https://www.statista.com/statistics/283026/average-credit-card-spend-united-kingdom-uk-monthly/
