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The Top 5 Types of Credit or Debit Cards Used at U.S. Gas Stations
| Credit/Debit Card Brand | Market Share 2008 | |
|---|---|---|
| 1 | Master Card & Visa | 52.5% |
| 2 | PIN debit cards / Third Party Fleet | 14.7% |
| 3 | Proprietary | 10.3% |
| 4 | American Express | 4.7% |
| 5 | Discover | 3.1% |
Special Report
- 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.)
- 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
Tags:
Business, Finance & Industry, The United States, Brands & Consumer Products
Sources: HSN Consultants: The Nilson Report 2008.
List Notes: Data is spending at U.S. gas stations with credit cards for the year 2008. List includes credit and debit cards.
Sources: HSN Consultants: The Nilson Report 2008.
List Notes: Data is spending at U.S. gas stations with credit cards for the year 2008. List includes credit and debit cards.
