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Market Trends Despite underlying headwinds in the economy - slowdown in economic growth, rising inflation and deteriorating consumer confidence - payment card transactions continued to grow strongly in Q3 of 2017.During the quarter cardholders made 95 million more purchases than in Q2, with spending up by £2.4 billion over the same period.
The FICO Benchmark Reporting Service data for the UK reveals that in July 2017 25% of the accounts in the FICO Benchmark Reporting Service were Premium accounts, along with 25% of balances.
Cardholders spent the most on food and drink (£114 billion), followed by other services (£100 billion), financial services (£80 billion) and entertainment (£57 billion).
A third of all card purchases in 2016 were made at supermarkets, while every fifth payment was on entertainment.
This page contains consumer credit and debt statistics - including statistics on credit card debt, card ownership, fraud, debit cards, bankruptcies and more - compiled by a UK. Statistics on this page will be updated periodically.
Card ownership and use The volume of card payments - in particular, debit card payments - is forecast to increase substantially over the next decade.
This decrease, in part, highlights that sterling's purchasing power abroad has weakened considerably since the Brexit vote.