Australian Credit Card and Debit Card Statistics 2016

Discover exactly how the average Australian uses their credit card with our comprehensive guide of credit card statistics

There are over 16 million credit cards in Australia, netting a national debt accruing interest of around $32.5 billion. For many Australians, managing credit and debt through credit cards is a common element of their day-to-day money habits, while for others a few bad mistakes have lead to a downward debt spiral. But what does the state of Australia's credit card debt actually look like?

Australian credit and debit card statistics

 

Comparing how we use credit cards and debit cards

percentage of australians with a credit card

According to the finder.com.au June 2016 survey, 70.19% of Australian adults own a credit card.

Demographics

How many Australians own credit cards by age group?

  • 39.48% had one
  • 17.59% had two
  • 8.36% had three or more

  • 34.70% had one
  • 26.79% had two
  • 20.69% had three or more

  • 32.79% had one
  • 29.53% had two
  • 17.52% had three or more

How has the way Australians use credit cards changed in the last 10 years?

YearAccountsPurchasesPurchases ValueBalances Accruing InterestTotal Balances
19956,746,69718,572,376$1,504,775,333$5,902,531,500N/A
19967,171,68121,327,211$1,716,478,250$6,970,112,000N/A
19977,661,05025,544,859$2,006,558,167$7,933,909,917N/A
19988,107,75133,230,275$2,480,210,750$9,301,922,198N/A
19998,561,46343,775,831$3,289,235,796$11,188,984,583N/A
20009,186,42654,160,188$4,427,400,750$13,825,125,833N/A
20019,599,60063,262,374$5,704,497,083$16,562,522,490N/A
200210,282,27578,980,602$6,926,303,489$15,654,964,615$21,632,476,879
200310,575,96785,944,716$9,722,033,157$17,459,831,412$24,460,963,830
200411,252,84994,031,940$10,870,024,403$19,584,814,661$27,691,093,053
200512,024,45399,171,723$12,235,065,131$22,417,391,623$31,464,241,650
200612,936,118106,077,623$13,172,441,716$26,205,709,409$36,343,226,964
200713,587,881112,699,505$14,488,224,374$29,260,322,734$40,602,096,354
200814,009,657118,291,550$16,020,173,355$31,459,592,322$43,674,616,532
200914,325,362123,397,918$17,271,752,680$32,591,404,701$44,934,444,304
201014,642,249131,079,776$17,860,701,479$34,814,324,464$47,666,028,188
201114,892,280138,540,312$19,030,143,061$36,180,712,025$49,155,184,501
201215,076,723147,966,067$19,959,970,338$36,235,249,589$49,765,586,487
201315,381,723159,731,196$20,897,695,673$34,500,802,152$49,546,355,130
201415,580,233172,684,963$21,873,628,623$33,352,878,864$50,101,907,023
201516,080,937188,522,014$24,425,285,429$32,144,245,289$50,992,916,919

For more statistics and research please contact:

Graham Cooke
Graham Cooke
Insights Manager
graham.cooke@finder.com.au@gcooke42/in/gcooke42unnamed (25)
P: +61 2 9299 7602
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12 Responses to Australian Credit Card and Debit Card Statistics 2016

  1. Default Gravatar
    Roland | November 16, 2016

    Hi,
    Great website!

    How many credit card transactions are done per year with no credit card present, ie. over the Internet, phone etc, people just entering in the numbers digitally?

    Thanks!
    Roland

    • Staff
      Anndy | November 17, 2016

      Hi Roland,

      Thanks for your question.

      Unfortunately, we don’t have the information you are looking for. What we do have is the overall (with and without card) average usage of each cardholder which is 13 per month and 159 per year.

      Cheers,
      Anndy

  2. Default Gravatar
    Sam | October 18, 2016

    Hi there,
    I was wondering- do you have an stats for how many Australians are now choosing to pay by card? (debit, eftpos, credit, etc)

    • Staff
      May | November 3, 2016

      Hi Sam,

      Thank you for your question.

      I’m afraid we do not have that information available. You may try checking with Australian Securities and Investment Commission (ASIC) and the Reserve Bank of Australia (RBA).

      Cheers,
      May

  3. Default Gravatar
    | September 15, 2016

    Hi, I was wondering how many new credit cards are approved each month? Or perhaps the average churn rate pa on Credit Cards.

    • Staff
      May | September 15, 2016

      Hi Luke,

      Thanks for your inquiry.

      I’m afraid we do not have that information available, but you may try checking with Australian Securities and Investment Commission (ASIC) and Reserve Bank of Australia (RBA).

      Hope that helps.

      Cheers,
      May

  4. Default Gravatar
    Hamish | May 18, 2015

    How many consumer credit card applications are made a year?

    • Staff
      Jonathan | May 18, 2015

      Hi Hamish, thanks for your inquiry!

      Please note that finder.com.au is a comparison service, it may be best to check with official statistical agencies such as the Australian Bureau of Statistics for this inquiry.

      Cheers,

      Jonathan

  5. Default Gravatar
    Greg | March 20, 2015

    How much does the average australian spend, a month, on debit card transactions.
    I have found the statistics for credit card but not for debit card transactions.

    Thank you

    • Staff
      Jonathan | March 20, 2015

      Hi Greg, thanks for your inquiry!

      Unfortunately the household debt report by the Australian Bureau of Statistics (ABS) does not include the average amount for debit card transactions. It would be best to contact the ABS directly for more information/statistics on this measure.

      Cheers,

      Jonathan

  6. Default Gravatar
    Lee | March 25, 2013

    How many 18-25 year-old Australians have a credit card?

    • Staff
      Jacob | March 25, 2013

      Hi Lee. Sorry, these statistics are not available to us. Try the Reserve Bank of Australia. They publish credit card and charge card statistics.
      Jacob.

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