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Visa USA Milestone: Annual Debit Volume Surpasses Credit

Visa USA has reported that for the first time ever Americans spent more using their debit cards than they did using their credit cards.

By David Morrison | Updated on May 04, 2009

Visa USA has reported that for the first time ever Americans spent more using their debit cards than they did using their credit cards.

According to the leading card brand, 2008 debit payment volume was $206 billion, compared with credit payments volume of $203 billion. Debit transactions were nearly 70% of U.S. transactions for the same time period, representing an increasingly larger portion of Visa’s U.S. transactions, Visa added.

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