Fully understand credit card usage in the US with this chart.
 | | NEW CHART & DATA: PAYMENTS | | Here's why credit card usage in the US is growing… In an update to a triennial survey released in December 2017, the US Federal Reserve found that card usage in the US is growing, rising from 103.5 billion transactions worth $5.65 trillion in 2015 to 111.1 billion transactions worth $5.97 trillion in 2016.
 | | | | Here are some other key points from this chart:
- Credit card transaction value grew 7% from 2015 to 2016, increasing by $190 billion in the year.
- Debit, which remains the most popular transaction method by value, is growing as well, increasing by $140 billion from 2015 to 2016. At the same time, prepaid volume remained relatively stagnant.
- "Remote" payments, made when a consumer enters card information into a website or mobile app or provides it over the phone, grew at a 15.6% compound annual growth rate (CAGR) from 2015 to 2016, while in-store payments increased just 5.7%.
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