Americans are on track to rack up nearly $1.3 trillion in credit cad purchases this year in VISA and MasterCard. Adding in American Express and Discover could push the figure to more than $1.7 trillion. According to CardData (www.carddata.com) VISA U.S. credit card purchase dollar volume (PDV) is growing at a 13% annual rate compared to MasterCard's 10% clip. During the second quarter of this year VISA posted $190.2 billion in consumer credit card PDV and MasterCard had $129.0 billion in credit card PDV. VISA had $152.9 billion in consumer credit card PDV and $37.3 billion in commercial credit card PDV. Over the past three years VISA and MasterCard quarterly PDV has grown 38% from $231.5 billion.
U.S. V/MC CREDIT CARD HISTORICAL
(Purchase Volume Only)
2Q/03: $231.5 billion
3Q/03: $243.5 billion
4Q/03: $259.6 billion
1Q/04: $237.3 billion
2Q/04: $257.8 billion
3Q/04: $266.3 billion
4Q/04: $283.8 billion
1Q/05: $254.3 billion
2Q/05: $286.1 billion
3Q/05: $298.6 billion
4Q/05: $315.6 billion
1Q/06: $285.2 billion
2Q/06: $319.2 billion
Source: CardData (www.carddata.com)
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