The Top 5 Types of Credit or Debit Cards Used at U.S. Gas Stations
Credit/Debit Card Brand
Market Share 2008
Master Card & Visa
PIN debit cards / Third Party Fleet
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According to the Nilson report, credit card spending at U.S gas stations rose 12% from 2007 to 2008. Consumers spent $246.28 billion dollars on their cards in 2008 an increase of 26.91 billion. PIN based debit cards saw the largest percentage increase with spending growing 21.9% to 31.75 billion dollars an increase of over $7 billion. Commercial fleet spending on cards issued by third party specialists grew by 8% to $33.69 billion. (a.)
As of year end 2009, there were 203 million MasterCard credit cards and 125 million MasterCard debit cards in circulation in the United States. (b.)
As of 2008 there were 1.22 billion credit cards in the United States. 663 million bank cards and 555 million retail/gasoline cards. In 2008, 72 percent of consumers indicated they used a debit card in the past year. In 2007, that number was 65 percent. (b.), (c.)
The revolving consumer credit outstanding in the U.S was $943.5 billion dollars, as of year end
for the year 2007. The credit card debt held by consumers in the U.S. was approximately $850 billion, as of year end 2007. Credit card Accounts that pay a Late Fee was 35 percent, representing about 242 million cards with the income from penalty fees for the Six largest credit Card issuers: amounting to $7.4 billion USD. (b.)
The Average Credit Card Debit per Household in the United States was $7,430 in 2006. There were 5.2 billion credit card solicitations mailed in 2007 with an average of 36 per household. (b.)
Top 5 facts sources:
HSN Consultants: The Nilson Report 2008.
Consumer Federation of America. (2008). "Consumer Groups Urge Support for Bill to Curb Unfair Credit Card Practices" (press release). Retrieved December, 2010.
Woolsey, B., & Schulz, M. (2010). "Credit card statistics, industry facts, debt statistics". Retrieved December, 2010 from http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276.php#Market-share-debit