Total Visa

There were a total of 1.12 billion credit cards issued in 2018 and the projection for 2023 is more than 1.25 billion

Currently, millennials’ credit utilization ratio—the total of all their balances compared to the total of all their credit limits—is at 36%.

Number of cardholders in the US is expected to grow to 193 million by 2023.

The IRS views credit card rewards as a discount, not as income. Discounts aren’t taxable.

8 in 10 U.S. adults (83%) report that they have at least one credit card, and 52% carried a balance in 2019.

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