- 39.48% had one
- 17.59% had two
- 8.36% had three or more
Australian credit card and debit card statistics 2020
Discover exactly how the average Australian uses their credit card with our comprehensive guide to credit card statistics.
There are 14,088,998 credit cards in Australia as of May 2020, netting a national debt accruing interest of $23 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 resulted in 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
How has the way Australians use credit cards changed over the years?
The table below depicts the average number of accounts per year, the total number of purchases and total purchase spend nationally, the average balance per card and the proportion of that balance accruing interest.
|Year||Average number of accounts||Total purchases||Total purchase spend||Average balance per card||Average balance costing interest per card|
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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.