TIPS & FACTS

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

Rev Up Your Credit

In 2022, Millennials have an average of 2.5 cards each, while Baby Boomers average 3.5.

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.