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Credit Card Sales is Growing Rapidly





According to CardWeb, Americans will charge $1.3 TRILLION to Visa and Mastercard this year. Another $0.4 TRILLION for American Express and Discover. What a big number!

From CardWeb:

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.

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