66,163,000 credit cards in UK – Highest in Europe

There are 66,163,000 credit cards in UK as at 31st December 2008, making UK the nation with highest number of credit cards in Europe; even though there is a decrease of 1,148,000 cards or 1.71% compares to 67,311,000 cards in 2007.

Lastest figure available(as of 31st October 2009) shown the number of credit cards in UK has decreased to 61,561,243.

Nonetheless, the number of credit cards in UK is still leading other nations in Europe by leaps and bounds; with 34,005,040 credit cards in France as at 31st December 2008, ranking second in Europe.

In 2008, credit cards in UK recorded 1.791 billion transactions with a total value of €143.36 billions.

Interestingly, even though there is 6.25% increase in the number of debit cards issued in UK, and contribute directly to 6.88% increase in the number of debit cards transactions, the transations value for debit cards has decreased by 6.48% to €342.53 billions in 2008.

Go here for more updates, news and statistics on UK credit cards.

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