Credit card statistics - 2025
Key takeaways
The average person could save £364[1]Annual saving based on 51% of customers transferring £2,080 from a 24.9% (variable) p.a. card, with a 5% monthly repayment (March 2025). BoE and UK Finance. Representative example: transferring £2,080, 3.45% balance transfer fee, 0% over 32 months then 24.9% (variable) p.a. Representative 24.9% APR. Credit broker not lender. 18+ UK only. Subject to status. Moneysupermarket data correct as of 10th March 2025 by moving credit card balances to a specialist balance transfer credit card.
Average credit card debt for UK households in 2024 was £2,486, a 14% increase compared to 2014
According to the Bank of England, total outstanding credit card debt in September 2024 was £71.7 billion, which was 9.5% higher than the previous year.
UK credit card statistics - 2025
Credit cards are a flexible method of borrowing money, earning rewards when you spend, and consolidating debt. In the UK, we rely on them to manage our finances.
We've collated credit card statistics from our own enquiry data and trusted third-party reports to dive into the market, UK spending, and how we're using them in everyday life.
UK credit card spending and balances
According to the Bank of England, total outstanding credit card debt in September 2024 was £71.7 billion, which was 9.5% higher than the previous year.
In October 2024, average UK credit card spend was £790, which was 5.5% down month on month, and 1% up year over year.
UK credit card market - 2025
Today, there are 20[2]Accurate as of 21 March 2025.credit card providers with products available through MoneySuperMarket.
Top cards by card type
The longest interest free balance transfer period available through MoneySuperMarket is 32[2]Accurate as of 21 March 2025.months.
The longest interest free purchase card period available through MoneySuperMarket is 23[2]Accurate as of 21 March 2025.months.
The highest guaranteed credit limit available through MoneySuperMarket is £3000[3]Based on the median guaranteed credit limit of users searching for credit cards to transfer an existing balance through MoneySuperMarket in February 2025, by the highest eligibility rating returned., available on balance transfer credit cards, and interest-free spending credit cards.
Median credit limits
Card type | Median credit limit |
|---|---|
Credit builder | £500[4]Based on the median guaranteed credit limit of users searching for credit cards to improve their credit rating through MoneySuperMarket in February 2025, by the highest eligibility rating returned. |
Rewards | £2500[5]Based on the median guaranteed credit limit of users searching for credit cards to earn rewards on their spending through MoneySuperMarket in February 2025, by the highest eligibility rating returned. |
Balance transfer and purchase | £2500[6]Based on the median guaranteed credit limit of users searching for credit cards to transfer a balance & have interest free spending through MoneySuperMarket in February 2025, by the highest eligibility rating returned. |
Balance transfer | £3000[3]Based on the median guaranteed credit limit of users searching for credit cards to transfer an existing balance through MoneySuperMarket in February 2025, by the highest eligibility rating returned. |
Travel (spending abroad) | £2000[7]Based on the median guaranteed credit limit of users searching for credit cards to spend abroad through MoneySuperMarket in February 2025, by the highest eligibility rating returned. |
Interest-free purchase | £2000[8]Based on the median guaranteed credit limit of users searching for credit cards to have interest free spending through MoneySuperMarket in February 2025, by the highest eligibility rating returned. |
Median APR
Median APR varies by card type, and many cards come with promotional interest rates.
Card type | Median APR |
|---|---|
Credit builder | 34.4%[9]Based on the average Representative APR of users clicking out on credit cards products, to improve their credit rating through MoneySuperMarket between December 2024 and February 2025. |
Rewards | 36.8%[10]Based on the average Representative APR of users clicking out on credit cards products, to earn rewards on their spending through MoneySuperMarket between December 2024 and February 2025. |
Balance transfer and purchase | 24.90%[11]Based on the median Representative APR of users searching for credit cards to transfer a balance & have interest free spending through MoneySuperMarket on 20 March 2025, by the highest eligibility rating returned. |
Balance transfer | 24.90%[12]Based on the median Representative APR of users searching for credit cards to transfer an existing balance through MoneySuperMarket on 20 March 2025, by the highest eligibility rating returned. |
Travel | 34.70%[13]Based on the median Representative APR of users searching for credit cards to spend abroad through MoneySuperMarket on 20 March 2025, by the highest eligibility rating returned. |
Interest-free purchase | 24.90%[14]Based on the median Representative APR of users searching for credit cards to have interest free spending through MoneySuperMarket on 20 March 2025, by the highest eligibility rating returned. |
Sources and methodology
Live MoneySuperMarket Enquiry Date
The Money Charity - Money Statistics December 2024
Bank of England - Money And Credit September 2024
FICO - FICO UK Credit Card Market Report: October 2024
NimbleFins - Average household debt UK
Mintel - Credit Cards report 2024