Credit Cards in Canada 2016-2017
As of 2017, Canada has a population of 36.31 millions with a GDP(gross domestic product) of CAD$2,142 billions. This
translates into CAD$58,980 of GDP per capita.
As at 31st December 2017, there are 106,257,000 payment cards issued in Canada(2.93 payment cards per capita), an increase of 2,257,000 or 2.17% compares to 104,000,000 in 2016.
There are 77,457,000 credit cards in Canada(2.13 credit cards per capita) as at 31st December 2017, an increase of 2,157,000 or 2.86% compares to 75,300,000 in 2016.
Debit cards increase by 100,000 or 0.35% to 28,800,000 in 2017, compares to 28,700,000 in 2016.
Total Card Payments in Volume and Value
For 2017, there are 10,736.80 millions of card payment transactions in Canada(295.70 transactions per capita), an increase of 806.22 millions or 8.12%
compares to 9,930.58 millions in 2016. Out of these transactions, 4,952.80 millions or 46.13% is paid by credit cards, an increase of 450.22 millions or
10.00% compares to 4,502.58 millions in 2016. The rest of card payment transactions(5,784.00 millions) are paid by debit cards, an increase of 356.00 millions
or 6.56% compares to 5,428.00 millions in 2016.
The total card payments for 2017 is CAD$769.80 billions in value(CAD$21,201 per capita), an increase of CAD$103.35 billions or 15.51% compares to CAD$666.45 billions in 2016.
This also translates into CAD$71.70 per card payment transaction, an increase from CAD$67.11 in 2016.
Out of these transactions, CAD$527.80 billions or 68.56% is paid by credit cards, an increase of CAD$83.35 billions or 18.75% compares to CAD$444.45 billions in 2016.
The rest of card payments, CAD$242.00 billions in value is paid by debit cards, an increase of CAD$20.00 billions or 9.01% compares to CAD$222.00 billions in 2016.
The transactions volume and the total card payments value has increased in accordance to the increased in number of credit cards issued.
Visa and MasterCard in Canada
For fiscal year ended October 31 2017, there are 74.3 millions Visa and MasterCard cardholders in Canada(37.1 millions accounts with with balances); down 1.0 millions or 1.33% year-over-year compares to 75.3 millions
in circulation for the same fiscal year in 2016. There are 30 Visa/MasterCard principal issuers in Canada with 1,738,922 merchant outlets accepting Visa and/or MasterCard.
Net dollar volume for Visa and MasterCard for fiscal year ended October 31 2017 is CAD$502.78 billion(inclusive of net retail volume and cash advance volume),
up CAD$50.42 billions or 11.15% compares to CAD$452.36 billion for the same fiscal year in 2016.
Out of the CAD$502.78 billion, CAD$469.78 billion is for Visa and MasterCard purchase transactions, an increase by CAD$49.93 billion or 11.89% compares to CAD$419.85 in the same fiscal year in 2016.
Whereas CAD$33.00 billions is for cash advance, an increase of CAD$0.49 billions or 1.51% compared to CAD$32.51 billions in the same fiscal year in 2016.
The number of Visa and MasterCard purchase transactions increase by 604.9 millions or 13.91% for fiscal year ended October 31 2017 to 4.9528 billions from 4.3479 billions for the same fiscal year in 2016.
As of October 31 2017, the delinquency rate(90 days & over) for Visa and MasterCard in Canada decreased to 0.84%, compares to 0.87% in October 31 2016.
As of January 31 2018, the delinquency rate(90 days & over) for Visa and MasterCard in Canada decreased to 0.88%, compares to 0.93% in January 31 2017.
As of April 30 2018, the delinquency rate(90 days & over) for Visa and MasterCard in Canada decreased to 0.83%, compares to 0.87% in April 30 2017.
As of July 31 2018, the delinquency rate(90 days & over) for Visa and MasterCard in Canada decreased to 0.74%, compares to 0.78% in July 31 2017.
Breakdown by Province
As of Q1 2017, residents in Ontario made up 33.39% of the outstanding credit card balances in Canada(CAD$34.457 billion out of the total CAD$103.181 billion).
This is followed by residents in Quebec($12.231b), British Columbia($11.776b) and Alberta($11.473b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $313m).
The second lowest is Prince Edward Island with $317 million outstanding credit card balances.
There are $22.067 billion unallocated in Canada and/or international from the total CAD$103.181 billion credit card outstanding balances in Canada.
As of Q2 2017, residents in Ontario made up 33.69% of the outstanding credit card balances in Canada(CAD$35.975 billion out of the total CAD$106.793 billion).
This is followed by residents in Quebec($12.802b), British Columbia($12.311b) and Alberta($11.952b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $321m).
The second lowest is Prince Edward Island with $331 million outstanding credit card balances.
There are $22.062 billion unallocated in Canada and/or international from the total CAD$106.793 billion credit card outstanding balances in Canada.
As of Q3 2017, residents in Ontario made up 33.66% of the outstanding credit card balances in Canada(CAD$36.132 billion out of the total CAD$107.348 billion).
This is followed by residents in Quebec($12.810b), British Columbia($12.393b) and Alberta($12.073b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $326m).
The second lowest is Prince Edward Island with $328 million outstanding credit card balances.
There are $22.193 billion unallocated in Canada and/or international from the total CAD$107.348 billion credit card outstanding balances in Canada.
Credit Cards in Canada 2015-2016
As of 2016, Canada has a population of 35.87 millions with a GDP(gross domestic product) of CAD$2,036 billions. This
translates into CAD$56,745 of GDP per capita.
As at 31st December 2016, there are 104,000,000 payment cards issued in Canada(2.90 payment cards per capita), an increase of 7,133,480 or 7.36% compares to 96,866,520 in 2015.
There are 75,300,000 credit cards in Canada(2.09 credit cards per capita) as at 31st December 2016, an increase of 3,233,480 or 4.49% compares to 72,066,520 in 2015.
Debit cards increase by 3,900,000 or 15.73% to 28,700,000 in 2016, compares to 24,800,000 in 2015.
Total Card Payments in Volume and Value
For 2016, there are 9,930.58 millions of card payment transactions in Canada(276.85 transactions per capita), an increase of 688.71 millions or 7.45%
compares to 9,241.87 millions in 2015. Out of these transactions, 4,502.58 millions or 45.34% is paid by credit cards, an increase of 429.71 millions or
10.55% compares to 4,072.87 millions in 2015. The rest of card payment transactions(5,428.00 millions) are paid by debit cards, an increase of 259.00 millions
or 5.01% compares to 5,169.00 millions in 2015.
The total card payments for 2016 is CAD$666.45 billions in value(CAD$18,580 per capita), an increase of CAD$33.58 billions or 5.31% compares to CAD$632.87 billions in 2015.
This also translates into CAD$67.11 per card payment transaction, a decrease from CAD$68.48 in 2015.
Out of these transactions, CAD$444.45 billions or 66.69% is paid by credit cards, an increase of CAD$28.58 billions or 6.87% compares to CAD$415.87 billions in 2015.
The rest of card payments, CAD$222.00 billions in value is paid by debit cards, an increase of CAD$5.00 billions or 2.30% compares to CAD$217.00 billions in 2015.
The transactions volume and the total card payments value has increased in accordance to the increased in number of credit cards issued.
Visa and MasterCard in Canada
For fiscal year ended October 31 2016, there are 75.3 millions Visa and MasterCard cardholders in Canada(35.4 millions accounts with with balances); up 2.5 millions or 3.43% year-over-year compares to 72.8 millions
in circulation for the same fiscal year in 2015. There are 30 Visa/MasterCard principal issuers in Canada with 1,659,841 merchant outlets accepting Visa and/or MasterCard.
Net dollar volume for Visa and MasterCard for fiscal year ended October 31 2016 is CAD$452.36 billion(inclusive of net retail volume and cash advance volume),
up CAD$31.33 billions or 7.44% compares to CAD$421.03 billion for the same fiscal year in 2015.
Out of the CAD$452.36 billion, CAD$$419.85 billion is for Visa and MasterCard purchase transactions, an increase by CAD$29.18 billion or 7.47% compares to CAD$390.67 in the same fiscal year in 2015.
Whereas CAD$32.51 billions is for cash advance, an increase of CAD$2.15 billions or 7.08% compared to CAD$30.36 billions in the same fiscal year in 2015.
The number of Visa and MasterCard purchase transactions increase by 430.1 millions or 10.98% for fiscal year ended October 31 2016 to 4.3479 billions from 3.9178 billions for the same fiscal year in 2015.
As of October 31 2016, the delinquency rate(90 days & over) for Visa and MasterCard in Canada increased to 0.87%, compares to 0.81% in October 31 2015.
As of January 31 2017, the delinquency rate(90 days & over) for Visa and MasterCard in Canada increased to 0.93%, compares to 0.90% in January 31 2016.
As of April 30 2017, the delinquency rate(90 days & over) for Visa and MasterCard in Canada is similar to the rate in April 30 2016, stood at 0.87%.
As of July 31 2017, the delinquency rate(90 days & over) for Visa and MasterCard in Canada decreased to 0.78%, compares to 0.82% in July 31 2016.
Breakdown by Province
As of Q1 2016, residents in Ontario made up 34.02% of the outstanding credit card balances in Canada(CAD$33.325 billion out of the total CAD$97.957 billion).
This is followed by residents in Quebec($11.934b), British Columbia($11.489b) and Alberta($11.026b).
The province with the lowest outstanding balances are residents in Prince Edward Island(total $302m).
The second lowest is Yukon, Northwest Territories, and Nunavut with $305 million outstanding credit card balances.
There are $19.425 billion unallocated in Canada and/or international from the total CAD$97.957 billion credit card outstanding balances in Canada.
As of Q2 2016, residents in Ontario made up 34.19% of the outstanding credit card balances in Canada(CAD$34.643 billion out of the total CAD$101.329 billion).
This is followed by residents in Quebec($12.431b), British Columbia($11.838b) and Alberta($11.486b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $310m).
The second lowest is Prince Edward Island with $318 million outstanding credit card balances.
There are $19.657 billion unallocated in Canada and/or international from the total CAD$101.329 billion credit card outstanding balances in Canada.
As of Q3 2016, residents in Ontario made up 33.91% of the outstanding credit card balances in Canada(CAD$34.902 billion out of the total CAD$102.918 billion).
This is followed by residents in Quebec($12.453b), British Columbia($11.947b) and Alberta($11.671b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $315m).
The second lowest is Prince Edward Island with $316 million outstanding credit card balances.
There are $20.573 billion unallocated in Canada and/or international from the total CAD$102.918 billion credit card outstanding balances in Canada.
As of Q4 2016, residents in Ontario made up 33.55% of the outstanding credit card balances in Canada(CAD$36.442 billion out of the total CAD$108.632 billion).
This is followed by residents in Quebec($12.888b), British Columbia($12.255b) and Alberta($12.016b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $322m).
The second lowest is Prince Edward Island with $329 million outstanding credit card balances.
There are $23.248 billion unallocated in Canada and/or international from the total CAD$108.632 billion credit card outstanding balances in Canada.
Credit Cards in Canada 2014-2015
As of 2015, Canada has a population of 35.83 millions with a GDP(gross domestic product) of CAD$1,991.6 billions. This
translates into CAD$55,592 of GDP per capita.
As at 31st December 2015, there are 96,866,520 payment cards issued in Canada(2.70 payment cards per capita), a decrease of 4,714,820 or 4.64% compares to 101,581,340 in 2014.
There are 72,066,520 credit cards in Canada(2.01 credit cards per capita) as at 31st December 2015, a decrease of 4,514,820 or 5.90% compares to 76,581,340 in 2014.
Debit cards decrease by 200,000 or 0.80% to 24,800,000 in 2015, compares to 25,000,000 in 2014.
Total Card Payments in Volume and Value
For 2015, there are 9,241.87 millions of card payment transactions in Canada(257.94 transactions per capita), an increase of 445.11 millions or 5.06%
compares to 8,796.76 millions in 2014. Out of these transactions, 4,072.87 millions or 44.07% is paid by credit cards, an increase of 175.11 millions or
4.49% compares to 3,897.76 millions in 2014. The rest of card payment transactions(5,169.00 millions) are paid by debit cards, an increase of 270.00 millions
or 5.51% compares to 4,899.00 millions in 2014.
The total card payments for 2015 is CAD$632.87 billions in value(CAD$17,660 per capita), an increase of CAD$18.17 billions or 2.96% compares to CAD$614.70 billions in 2014.
This also translates into CAD$68.48 per card payment transaction, a decrease from CAD$69.88 in 2014.
Out of these transactions, CAD$415.87 billions or 65.71% is paid by credit cards, an increase of CAD$12.17 billions or 3.01% compares to CAD$403.70 billions in 2014.
The rest of card payments, CAD$217.00 billions in value is paid by debit cards, an increase of CAD$6.00 billions or 2.84% compares to CAD$211.00 billions in 2014.
The transactions volume and the total card payments value has increased even though the number of credit cards issued has decreased.
Visa and MasterCard in Canada
For fiscal year ended October 31 2015, there are 72.8 millions Visa and MasterCard cardholders in Canada(32.3 millions accounts with with balances); up 0.8 millions or 1.11% year-over-year compares to 72.0 millions
in circulation for the same fiscal year in 2014. There are 28 Visa/MasterCard principal issuers in Canada with 1,568,810 merchant outlets accepting Visa and/or MasterCard.
Net dollar volume for Visa and MasterCard for fiscal year ended October 31 2015 is CAD$421.03 billion(inclusive of net retail volume and cash advance volume),
up CAD$21.80 billions or 5.46% compares to CAD$399.23 billion for the same fiscal year in 2014.
Out of the CAD$421.03 billion, CAD$390.67 billion is for Visa and MasterCard purchase transactions, an increase by CAD$21.07 billion or 5.70% compares to CAD$369.60 in the same fiscal year in 2014.
Whereas CAD$30.36 billions is for cash advance, an increase of CAD$0.73 billions or 2.46% compared to CAD$29.63 billions in the same fiscal year in 2014.
The number of Visa and MasterCard purchase transactions increase by 304.4 millions or 6.59% for fiscal year ended October 31 2015 to 3.9178 billions from 3.6756 billions for the same fiscal year in 2014.
As of October 31 2015, the delinquency rate(90 days & over) for Visa and MasterCard in Canada increased to 0.81%, compares to 0.78% in October 31 2014.
Credit Card Fraud Statistics for Canadian Issued Cards
For the year ending December 2015, CAD$$726,482,179 loss to credit card fraud(Amex, MasterCard and Visa) has been reported in Canada, involving 961,851 Canadian issued cards. This is an average loss of CAD$755.30 per account.
In comparisons to 2014, the loss amount increase by CAD$178,282,027 or 23.52%. The number of accounts involved increase by 190,621 or 24.72%, while the average loss per account increase by CAD$44.49 or 6.26%.
Overall, compares to a year ago, the credit card fraud in Canada in 2015 worsen in monetary value as well as the number of accounts involved, including increased in average loss per account.
Card Not Present (Fraudulent e-commerce, telephone and mail purchases) continued to be the main culprit in terms of dollar volume with CAD$537,243,970 loss(49.10% increase compares to 2014); and with the highest numbers of cases as well, involving 730,945 accounts(34.91% increase compares to 2014).
Second spot is counterfeit cards with CAD$115,856,812 loss(7.43% decrease compares to 2014) in value involving 160,312 accounts(CAD$37,713,677 for Counterfeit Domestic on 64,299 accounts; CAD$78,143,135 for Counterfeit Cross Border on 87,879 accounts).
While the Counterfeit Domestic lowered by about 26.51% compares to a year ago, the Counterfeit Cross Border going into the opposite direction with 5.82% increased.
Fraudulent applications has the highest average loss per account with CAD$2,742.07 loss per account in 2015, follows by non receipt of card with CAD$1,312.97 loss per account.
In the same period, 25,194 accounts are reported for lost card and 37,014 accounts are reported for stolen card, involving CAD$11,175,980 loss to the former and CAD$20,611,211 to the latter.
Breakdown by Province
As of Q1 2015, residents in Ontario made up 35.82% of the outstanding credit card balances in Canada(CAD$32.313 billion out of the total CAD$90.199 billion).
This is followed by residents in Quebec($11.960b), British Columbia($11.135b) and Alberta($10.297b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $289m).
The second lowest is Prince Edward Island with $292 million outstanding credit card balances.
There are $14.247 billion unallocated in Canada and/or international from the total CAD$90.199 billion credit card outstanding balances in Canada.
As of Q2 2015, residents in Ontario made up 35.92% of the outstanding credit card balances in Canada(CAD$33.622 billion out of the total CAD$93.611 billion).
This is followed by residents in Quebec($12.293b), British Columbia($11.625b) and Alberta($11.104b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $301m).
The second lowest is Prince Edward Island with $309 million outstanding credit card balances.
There are $14.088 billion unallocated in Canada and/or international from the total CAD$93.611 billion credit card outstanding balances in Canada.
As of Q3 2015, residents in Ontario made up 35.26% of the outstanding credit card balances in Canada(CAD$33.676 billion out of the total CAD$95.509 billion).
This is followed by residents in Quebec($12.327b), British Columbia($11.690b) and Alberta($11.294b).
The province with the lowest outstanding balances are residents in Prince Edward Island (total $306m).
The second lowest is Yukon, Northwest Territories, and Nunavut with $307 million outstanding credit card balances.
There are $15.559 billion unallocated in Canada and/or international from the total CAD$95.509 billion credit card outstanding balances in Canada.
As of Q4 2015, residents in Ontario made up 33.96% of the outstanding credit card balances in Canada(CAD$35.189 billion out of the total CAD$103.606 billion).
This is followed by residents in Quebec($12.451b), British Columbia($11.958b) and Alberta($11.580b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $314m).
The second lowest is Prince Edward Island with $318 million outstanding credit card balances.
There are $21.084 billion unallocated in Canada and/or international from the total CAD$103.606 billion credit card outstanding balances in Canada.
Credit Cards in Canada 2013-2014
As of 2014, Canada has a population of 35.50 millions with a GDP(gross domestic product) of CAD$1,992.6 billions. This
translates into CAD$56,136 of GDP per capita.
As at 31st December 2014, there are 101,581,340 payment cards issued in Canada(2.86 payment cards per capita), a decrease of 3,445,920 or 3.28% compares to 105,027,260 in 2013.
There are 76,581,340 credit cards in Canada(2.16 credit cards per capita) as at 31st December 2014, a decrease of 4,545,920 or 5.60% compares to 81,127,260 in 2013. The decrease in credit card in 2014 reflects a change in reporting methodology by one issuer.
Debit cards increase by 1,100,000 or 4.60% to 25,000,000 in 2014, compares to 23,900,000 in 2013.
Total Card Payments in Volume and Value
For 2014, there are 8,796.76 millions of card payment transactions in Canada(247.80 transactions per capita), an increase of 697.52 millions or 8.61%
compares to 8,099.24 millions in 2013. Out of these transactions, 3,897.76 millions or 44.31% is paid by credit cards, an increase of 317.45 millions or
8.87% compares to 3,580.31 millions in 2013. The rest of card payment transactions(4,899.00 millions) are paid by debit cards, an increase of 380.07 millions
or 8.41% compares to 4,518.93 millions in 2013.
The total card payments for 2014 is CAD$614.70 billions in value(CAD$17,320 per capita), an increase of CAD$43.77 billions or 7.67% compares to CAD$570.93 billions in 2013.
This also translates into CAD$69.88 per card payment transaction, a decrease from CAD$70.49 in 2013.
Out of these transactions, CAD$403.70 billions or 65.67% is paid by credit cards, an increase of CAD$28.87 billions or 7.70% compares to CAD$374.83 billions in 2013.
The rest of card payments, CAD$211.00 billions in value is paid by debit cards, an increase of CAD$14.90 billions or 7.60% compares to CAD$196.10 billions in 2013.
The transactions volume and the total card payments value has increased even though the number of credit cards issued has decreased.
Visa and MasterCard in Canada
For fiscal year ended October 31 2014, there are 72.0 millions Visa and MasterCard cardholders in Canada(30.9 millions accounts with with balances); down 4.3 millions or 5.64% year-over-year compares to 76.3 millions
in circulation for the same fiscal year in 2013. There are 28 Visa/MasterCard principal issuers in Canada with 1,485,147 merchant outlets accepting Visa and/or MasterCard.
Net dollar volume for Visa and MasterCard for fiscal year ended October 31 2014 is CAD$399.23 billion(inclusive of net retail volume and cash advance volume),
up CAD$27.99 billions or 7.54% compares to CAD$371.24 billion for the same fiscal year in 2013.
Out of the CAD$399.23 billion, CAD$369.60 billion is for Visa and MasterCard purchase transactions, an increase by CAD$27.98 billion or 8.19% compares to CAD$341.62 in the same fiscal year in 2013.
Whereas CAD$29.63 billions is for cash advance, a tiny increase by CAD$0.01 billions or 0.03% compared to CAD$29.62 billions in the same fiscal year in 2013.
The number of Visa and MasterCard purchase transactions increase by 304.4 millions or 8.28% for fiscal year ended October 31 2014 to 3.6756 billions from 3.3712 billions for the same fiscal year in 2013.
As of October 31 2014, the delinquency rate(90 days & over) for Visa and MasterCard in Canada remained at 0.78%, similar to the rate a year ago.
Credit Card Fraud Statistics for Canadian Issued Cards
For the year ending December 2014, CAD$$548,200,152 loss to credit card fraud(Amex, MasterCard and Visa) has been reported in Canada, involving 771,230 Canadian issued cards. This is an average loss of CAD$710.81 per account.
In comparisons to 2013, the loss amount increase by CAD$83,065,143 or 17.86%. The number of accounts involved increase by 78,004 or 11.26%, while the average loss per account increase by CAD$39.80 or 5.93%.
Overall, compares to a year ago, the credit card fraud in Canada in 2014 worsen in monetary value as well as the number of accounts involved, including increased in average loss per account.
Card Not Present (Fraudulent e-commerce, telephone and mail purchases) continued to be the main culprit in terms of dollar volume with CAD$360,314,006 loss(20.36% increase compares to 2013); and with the highest numbers of cases as well, involving 541,818 accounts(11.42% increase compares to 2013).
Second spot is counterfeit cards with CAD$125,159,493 loss(12.21% increase compares to 2013) in value involving 160,312 accounts(CAD$51,315,783 for Counterfeit Domestic on 75,979 accounts; CAD$73,843,710 for Counterfeit Cross Border on 84,333 accounts).
While the Counterfeit Domestic lowered by about 2.88% compares to a year ago, the Counterfeit Cross Border going into the opposite direction with 25.80% increased.
Non receipt of card has the highest average loss per account with CAD$2,071.32 loss per account in 2014, follows by fraudulent applications with CAD$1,975.89 loss per account.
In the same period, 21,359 accounts are reported for lost card and 29,959 accounts are reported for stolen card, involving CAD$10,796,687 loss to the former and CAD$16,721,787 to the latter.
Breakdown by Province
As of Q1 2014, residents in Ontario made up 36.60% of the outstanding credit card balances in Canada(CAD$31.854 billion out of the total CAD$87.023 billion).
This is followed by residents in Quebec($11.731b), British Columbia($10.860b) and Alberta($9.900b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $286m).
The second lowest is Prince Edward Island with $292 million outstanding credit card balances.
There are $12.780 billion unallocated in Canada and/or international from the total CAD$87.023 billion credit card outstanding balances in Canada.
As of Q2 2014, residents in Ontario made up 36.69% of the outstanding credit card balances in Canada(CAD$33.094 billion out of the total CAD$90.195 billion).
This is followed by residents in Quebec($12.333b), British Columbia($11.377b) and Alberta($10.446b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $291m).
The second lowest is Prince Edward Island with $322 million outstanding credit card balances.
There are $12.489 billion unallocated in Canada and/or international from the total CAD$90.195 billion credit card outstanding balances in Canada.
As of Q3 2014, residents in Ontario made up 36.82% of the outstanding credit card balances in Canada(CAD$33.393 billion out of the total CAD$90.685 billion).
This is followed by residents in Quebec($12.245b), British Columbia($11.296b) and Alberta($10.371b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $288m).
The second lowest is Prince Edward Island with $293 million outstanding credit card balances.
There are $13.039 billion unallocated in Canada and/or international from the total CAD$90.685 billion credit card outstanding balances in Canada.
As of Q4 2014, residents in Ontario made up 36.26% of the outstanding credit card balances in Canada(CAD$33.989 billion out of the total CAD$93.724 billion).
This is followed by residents in Quebec($112.482b), British Columbia($11.587b) and Alberta($10.823b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $294m).
The second lowest is Prince Edward Island with $311 million outstanding credit card balances.
There are $14.028 billion unallocated in Canada and/or international from the total CAD$93.724 billion credit card outstanding balances in Canada.
Credit Cards in Canada 2012-2013
As of 2013, Canada has a population of 35.10 millions with a GDP(gross domestic product) of CAD$1,918.9 billions. This
translates into CAD$54,669 of GDP per capita.
As at 31st December 2013, there are 105,027,260 payment cards issued in Canada(2.99 payment cards per capita), an increase of 2,988,230 or 2.93% compares to 102,039,030 in 2012.
There are 81,127,260 credit cards in Canada(2.31 credit cards per capita) as at 31st December 2013, an increase of 2,688,230 or 3.43% compares to 78,439,030 in 2012.
Debit cards increase by 300,000 or 1.27% to 23,900,000 in 2013, compares to 23,600,000 in 2012.
Total Card Payments in Volume and Value
For 2013, there are 8,099.24 millions of card payment transactions in Canada(230.75 transactions per capita), an increase of 614.43 millions or 8.21%
compares to 7,484.81 millions in 2012. Out of these transactions, 3,580.31 millions or 44.21% is paid by credit cards, an increase of 452.81 millions or
14.48% compares to 3,127.50 millions in 2012. The rest of card payment transactions(4,518.93 millions) are paid by debit cards, an increase of 161.62 millions
or 3.71% compares to 4,357.31 millions in 2012.
The total card payments for 2013 is CAD$570.93 billions in value(CAD$16,266 per capita), an increase of CAD$24.81 billions or 4.54% compares to CAD$546.12 billions in 2012.
This also translates into CAD$70.49 per card payment transaction, a decrease from CAD$72.96 in 2012.
Out of these transactions, CAD$374.83 billions or 65.65% is paid by credit cards, an increase of CAD$19.16 billions or 5.39% compares to CAD$355.67 billions in 2012.
The rest of card payments, CAD$196.10 billions in value is paid by debit cards, an increase of CAD$5.65 billions or 2.97% compares to CAD$190.45 billions in 2012.
The transactions volume and the total card payments value has increased in accordance to the growth in number of cards issued.
Visa and MasterCard in Canada
For fiscal year ended October 31 2013, there are 76.3 millions Visa and MasterCard cardholders in Canada(30.2 millions accounts with with balances); up 2.4 millions or 3.25% year-over-year compares to 73.9 millions
in circulation for the same fiscal year in 2012. There are 28 Visa/MasterCard principal issuers in Canada with 1,429,079 merchant outlets accepting Visa and/or MasterCard.
Net dollar volume for Visa and MasterCard for fiscal year ended October 31 2013 is CAD$371.24 billion(inclusive of net retail volume and cash advance volume),
up CAD$15.6 billions or 4.39% compares to CAD$355.64 billion for the same fiscal year in 2012.
Out of the CAD$371.24 billion, CAD$341.62 billion is for Visa and MasterCard purchase transactions, an increase by CAD$15.88 billion or 4.88% compares to CAD$325.74 in the same fiscal year in 2012.
Whereas CAD$29.62 billions is for cash advance, a decrease by CAD$0.28 billions or 0.94% compared to CAD$29.9 billions in the same fiscal year in 2012.
The number of Visa and MasterCard purchase transactions increase by 243.9 millions or 7.80% for fiscal year ended October 31 2013 to 3.3712 billions from 3.1273 billions for the same fiscal year in 2012.
As of October 31 2013, the delinquency rate(90 days & over) for Visa and MasterCard in Canada has decrease slightly to 0.78%; compares to 0.86% in October 31 2012.
Credit Card Fraud Statistics for Canadian Issued Cards
For the year ending December 2013, CAD$465,135,009 loss to credit card fraud(Amex, MasterCard and Visa) has been reported in Canada, involving 693,186 Canadian issued cards. This is an average loss of CAD$671.01 per account.
In comparisons to 2012, the loss amount increase by CAD$25,771,392 or 5.87%. However, the number of accounts involved decrease by 59,155 or 7.86%, while the average loss per account increase by CAD$87.01 or 14.90%.
Overall, compares to a year ago, the credit card fraud in Canada in 2013 worsen in monetary value involved, including increased in average loss per account, while the number of accounts involved decreased.
Card Not Present (Fraudulent e-commerce, telephone and mail purchases) continued to be the main culprit in terms of dollar volume with CAD$299,374,609 loss(11.47% increase compares to 2012); and with the highest numbers of cases as well, involving 486,277 accounts(8.25% lower compares to 2012).
Second spot is counterfeit cards with CAD$111,538,212 loss(5.56% increase compares to 2012) in value involving 145,784 accounts(CAD$52,839,265 for Counterfeit Domestic on 78,857 accounts; CAD$58,698,947 for Counterfeit Cross Border on 66,927 accounts).
While the Counterfeit Domestic lowered by about 23% compares to a year ago, the Counterfeit Cross Border going into the opposite direction with nearly 19% increased.
Non receipt of card has the highest average loss per account with CAD$2,317.27 loss per account in 2013, follows by fraudulent applications with CAD$2,003.61 loss per account.
In the same period, 17,223 accounts are reported for lost card and 30,785 accounts are reported for stolen card, involving CAD$8,773,052 loss to the former and CAD$16,457,871 to the latter.
Breakdown by Province
As of Q1 2013, residents in Ontario made up 38.18% of the outstanding credit card balances in Canada(CAD$33.089 billion out of the total CAD$86.665 billion).
This is followed by residents in Quebec($11.432b), British Columbia($11.126b) and Alberta($9.971b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $286m).
The second lowest is Prince Edward Island with $303 million outstanding credit card balances.
There are $11.141 billion unallocated in Canada and/or international from the total CAD$86.665 billion credit card outstanding balances in Canada.
As of Q2 2013, residents in Ontario made up 37.42% of the outstanding credit card balances in Canada(CAD$32.440 billion out of the total CAD$86.689 billion).
This is followed by residents in Quebec($11.619b), British Columbia($11.039b) and Alberta($9.875b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $281m).
The second lowest is Prince Edward Island with $288 million outstanding credit card balances.
There are $11.975 billion unallocated in Canada and/or international from the total CAD$86.689 billion credit card outstanding balances in Canada.
As of Q3 2013, residents in Ontario made up 37.12% of the outstanding credit card balances in Canada(CAD$32.597 billion out of the total CAD$87.813 billion).
This is followed by residents in Quebec($11.834b), British Columbia($11.256b) and Alberta($10.204b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $288m).
The second lowest is Prince Edward Island with $291 million outstanding credit card balances.
There are $11.953 billion unallocated in Canada and/or international from the total CAD$87.813 billion credit card outstanding balances in Canada.
As of Q4 2013, residents in Ontario made up 36.73% of the outstanding credit card balances in Canada(CAD$33.223 billion out of the total CAD$90.460 billion).
This is followed by residents in Quebec($12.239b), British Columbia($11.312b) and Alberta($10.283b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $284m).
The second lowest is Prince Edward Island with $299 million outstanding credit card balances.
There are $13.178 billion unallocated in Canada and/or international from the total CAD$90.460 billion credit card outstanding balances in Canada.
Credit Cards in Canada 2011-2012
As of 2012, Canada has a population of 34.70 millions with a GDP(gross domestic product) of CAD$1,848.1 billions. This
translates into CAD$53,263 of GDP per capita.
As at 31st December 2012, there are 102,039,027 payment cards issued in Canada(2.94 payment cards per capita), a decrease of 57,137 or 0.06% compares to 102,096,164 in 2011.
There are 78,439,027 credit cards in Canada(2.26 credit cards per capita) as at 31st December 2012, an increase of 357,137 or 0.45% compares to 78,796,164 in 2011.
Debit cards increase by 300,000 or 1.29% to 23,600,000 in 2012, compares to 23,300,000 in 2011.
Total Card Payments in Volume and Value
For 2012, there are 7,484.81 millions of card payment transactions in Canada(215.70 transactions per capita), an increase of 257.57 millions or 3.56%
compares to 7227.24 millions in 2011. Out of these transactions, 3,127.50 millions or 41.78% is paid by credit cards, an increase of 43.26 millions or
1.40% compares to 3084.24 millions in 2011. The rest of card payment transactions(4,357.31 millions) are paid by debit cards, an increase of 214.31 millions
or 5.17% compares to 4,143 millions in 2011.
The total card payments for 2012 is CAD$546.12 billions in value(CAD$15,738 per capita), an increase of CAD$32.36 billions or 6.30% compares to CAD$513.76 billions in 2011.
This also translates into CAD$72.96 per card payment transaction, an increase from CAD$71.09 in 2011; which means payment card is used for larger amount transaction.
Out of these transactions, CAD$355.67 billions or 65.13% is paid by credit cards, an increase of CAD$24.61 billions or 7.43% compares to CAD$331.06 billions in 2011.
The rest of card payments, CAD$190.45 billions in value is paid by debit cards, an increase of CAD$7.75 billions or 4.24% compares to CAD$182.70 billions in 2011.
The transactions volume and the total card payments value has increase even though the number of cards issued decrease marginally.
Visa and MasterCard in Canada
For fiscal year ended October 31 2012, there are 73.9 millions Visa and MasterCard cardholders in Canada; down 0.6 millions or 0.81% year-over-year compares to 74.5 millions
in circulation for the same fiscal year in 2011.
Net dollar volume for Visa and MasterCard for fiscal year ended October 31 2012 is CAD$355.64 billion(inclusive of net retail volume and cash advance volume),
up CAD$23.83 billions or 7.18% compares to CAD$331.81 billion for the same fiscal year in 2011.
Out of the CAD$355.64 billion, CAD$325.74 billion is for Visa and MasterCard purchase transactions, an increase by CAD$23.88 billion or 7.91% compares to CAD$301.86 in the same fiscal year in 2011.
Whereas CAD$29.9 billions is for cash advance, a decrease by CAD$0.05 billions or 0.17% compared to CAD$29.95 billions in the same fiscal year in 2011.
The number of Visa and MasterCard purchase transactions increase by 230 millions or 7.94% for fiscal year ended October 31 2012 to 3.1273 billions from 2.8973 billions for the same fiscal year in 2011.
As of October 31 2012, the delinquency rate(90 days & over) for Visa and MasterCard in Canada has decrease slightly to 0.86%; compares to 1.05% in October 31 2011. As at 31st January 2014, the delinquency rate stood at 0.82%
Credit Card Fraud Statistics for Canadian Issued Cards
For the year ending December 2012, CAD$439,363,617 loss to credit card fraud(Amex, MasterCard and Visa) has been reported in Canada, involving 752,341 Canadian issued cards. This is an average loss of CAD$584.00 per account.
In comparisons to 2011, the loss amount increase marginally by CAD$2,774,860 or 0.64%. However, the number of accounts involved increase significantly by 128,164 or 20.53%, while the average loss per account decrease by CAD$115.46 or 16.51%.
Overall, compares to a year ago, the credit card fraud in Canada in 2012 worsen in number of accounts involved, while the losses in monetary value stabilized and average loss per account decreased steadily.
Card Not Present (Fraudulent e-commerce, telephone and mail purchases) continued to be the main culprit in terms of dollar volume with CAD$268,573,473 loss(3.50% increase compares to 2011); and with the highest numbers of cases as well, involving 529,989 accounts(31.59% increase compares to 2011).
Second spot is counterfeit cards with CAD$118,109,538 loss(1.71% decrease compares to 2011) in value involving 158,621 accounts(CAD$68,652,172 for Counterfeit Domestic on 102,371 accounts; CAD$49,457,366 for Counterfeit Cross Border on 56,250 accounts).
Fraudulent applications has the highest average loss per account with CAD$2,307.80 loss per account in 2012, follows by non receipt of card with CAD$2,023.43 loss per account.
In the same period, 17,899 accounts are reported for lost card and 34,408 accounts are reported for stolen card, involving CAD$8,663,910 loss to the former and CAD$18,322,777 to the latter.
Breakdown by Province
As of Q1 2012, residents in Ontario made up 41.86% of the outstanding credit card balances in Canada(CAD$34.765 billion out of the total CAD$83.054 billion).
This is followed by residents in Quebec($11.247b), British Columbia($11.209b) and Alberta($9.829b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $281m).
The second lowest is Prince Edward Island with $339 million outstanding credit card balances.
There are $5.381 billion unallocated in Canada and/or international from the total CAD$83.054 billion credit card outstanding balances in Canada.
As of Q2 2012, residents in Ontario made up 41.72% of the outstanding credit card balances in Canada(CAD$35.438 billion out of the total CAD$84.944 billion).
This is followed by residents in Quebec($11.902b), British Columbia($11.411b) and Alberta($10,091b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $279m).
The second lowest is Prince Edward Island with $375 million outstanding credit card balances.
There are $5.558 billion unallocated in Canada and/or international from the total CAD$84.944 billion credit card outstanding balances in Canada.
As of Q3 2012, residents in Ontario made up 41.68% of the outstanding credit card balances in Canada(CAD$35.606 billion out of the total CAD$85.430 billion).
This is followed by residents in Quebec($11.576b), British Columbia($11.563b) and Alberta($10.321b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $290m).
The second lowest is Prince Edward Island with $352 million outstanding credit card balances.
There are $5.377 billion unallocated in Canada and/or international from the total CAD$85.430 billion credit card outstanding balances in Canada.
As of Q4 2012, residents in Ontario made up 40.01% of the outstanding credit card balances in Canada(CAD$34.044 billion out of the total CAD$85.082 billion).
This is followed by residents in Quebec($11.796b), British Columbia($11.548b) and Alberta($10.285b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $295m).
The second lowest is Prince Edward Island with $357 million outstanding credit card balances.
There are $5.795 billion unallocated in Canada and/or international from the total CAD$85.082 billion credit card outstanding balances in Canada.
Credit Cards in Canada 2010-2011
As of 2011, Canada has a population of 34.30 millions with a GDP(gross domestic product) of CAD$1,808.1 billions. This
translates into CAD$52,710 of GDP per capita.
As at 31st December 2011, there are 102,096,164 payment cards issued in Canada(2.98 payment cards per capita), an increase of 3,725,942 or 3.79% compares to 98,370,222 in 2010.
There are 78,796,164 credit cards in Canada(2.30 credit cards per capita) as at 31st December 2011, an increase of 4,325,942 or 5.81% compares to 74,470,222 in 2010.
Debit cards decrease by 600,000 or 2.51% to 23,300,000 in 2011, compares to 23,900,000 in 2010.
Credit Cards Outstanding Balances in Canada
In accordance to Bank of Canada credit card statistics, the outstanding balances as at December 2010 is CAD$59.364 billion. Whereas the total
outstanding balances as at December 2011 is CAD$78.641 billion. The figure shown a significant increase of CAD$19.277 billion or 32.47% credit card outstanding balances in Canada during the 12 months period.
As of June 2012, the credit card outstanding balances in Canada stood at CAD$76.146 billion.
Total Card Payments in Volume and Value
For 2011, there are 7227.24 millions of card payment transactions in Canada(210.71 transactions per capita), an increase of 381.15 millions or 5.57%
compares to 6,846.09 millions in 2010. Out of these transactions, 3084.24 millions or 42.68% is paid by credit cards, an increase of 209.15 millions or
7.27% compares to 2875.09 millions in 2010. The rest of card payment transactions(4,143 millions) are paid by debit cards, an increase of 172 millions
or 4.33% compares to 3,971 millions in 2010.
The total card payments for 2011 is CAD$513.76 billions in value(CAD$14,978 per capita), an increase of CAD$31.73 billions or 6.58% compares to CAD$482.03 billions in 2010.
This also translates into CAD$71.09 per card payment transaction, a marginal increase from CAD$70.41 in 2010; which means payment card is used for larger amount transaction.
Out of these transactions, CAD$331.06 billions or 64.44% is paid by credit cards, an increase of CAD$24.65 billions or 8.04% compares to CAD$306.41 billions in 2010.
The rest of card payments, CAD$182.70 billions in value is paid by debit cards, an increase of CAD$7.08 billions or 4.03% compares to CAD$175.62 billions in 2010.
The transactions volume and the total card payments value has increase in accordance to the increase in number of cards issued.
Visa and MasterCard in Canada
For fiscal year ended October 31 2011, there are 74.5 millions Visa and MasterCard cardholders in Canada; up 4.2 millions or 5.97% year-over-year compares to 70.3 millions
in circulation for the same fiscal year in 2010.
Net dollar volume for Visa and MasterCard for fiscal year ended October 31 2011 is CAD$331.81 billion(inclusive of net retail volume and cash advance volume),
up CAD$22.83 billions or 7.39% compares to CAD$308.98 billion for the same fiscal year in 2010.
Out of the CAD$331.81 billion, CAD$301.86 billion is for Visa and MasterCard purchase transactions, an increase by CAD$22.02 billion or 7.87% compares to CAD$279.84 in the same fiscal year in 2010.
Whereas CAD$29.95 billions is for cash advance, an increase by CAD$0.81 billions or 2.78% compared to CAD$29.14 billions in the same fiscal year in 2010.
The number of Visa and MasterCard purchase transactions increase by 196.5 millions or 7.28% for fiscal year ended October 31 2011 to 2.8973 billions from 2.7008 billions for the same fiscal year in 2010.
As of October 31 2011, the delinquency rate(90 days & over) for Visa and MasterCard in Canada has decrease slightly to 1.05%; compares to 1.16% in October 31 2010.
Credit Card Fraud Statistics for Canadian Issued Cards
For the year ending December 2011, CAD$436,588,757 loss to credit card fraud(Amex, MasterCard and Visa) has been reported in Canada, involving 624,177 Canadian issued cards. This is an average loss of CAD$699.46 per account.
In comparisons to 2010, the loss amount increase significantly by CAD$70,871,813 or 19.38%. The number of accounts involved increase by 84,953 or 15.75%, while the average loss per account increase by CAD$21.23 or 3.13%.
Overall, the credit card fraud in Canada in 2011 worsen compares to a year ago.
Card Not Present (Fraudulent e-commerce, telephone and mail purchases) continued to be the main culprit in terms of dollar volume with CAD$259,498,535 loss(47.35% increase compares to 2010); and with the highest numbers of cases as well, involving 402,755 accounts(35.80% increase compares to 2010).
Second spot is counterfeit cards with CAD$120,166,543 loss(11.46% decrease compares to 2010) in value involving 154,361 accounts(CAD$88,356,720 for Counterfeit Domestic on 119,522 accounts; CAD$31,809,823 for Counterfeit Cross Border on 34,839 accounts).
Fraudulent applications has the highest average loss per account with CAD$2,464.79 loss per account in 2011, follows by non receipt of card with CAD$2,059.52 loss per account.
In the same period, 22,852 accounts are reported for lost card and 34,336 accounts are reported for stolen card, involving CAD$10,757,451 loss to the former and CAD$21,692,185 to the latter.
Breakdown by Province
As of Q4 2011, residents in Ontario made up 42.95% of the outstanding credit card balances in Canada(CAD$36.981 billion out of the total CAD$86.110 billion).
This is followed by residents in Quebec($11.902b), British Columbia($11.515b) and Alberta($10.421b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $286m).
The second lowest is Prince Edward Island with $385 million outstanding credit card balances.
There are $4.016 billion unallocated in Canada and/or international from the total CAD$86.110 billion credit card outstanding balances in Canada.
As of Q3 2011, residents in Ontario made up 43.99% of the outstanding credit card balances in Canada(CAD$30.637 billion out of the total CAD$69.644 billion).
This is followed by residents in British Columbia($9.158b), Quebec($8.626b) and Alberta($8.086b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $194m).
The second lowest is Prince Edward Island with $313 million outstanding credit card balances.
There are $4.008 billion unallocated in Canada and/or international from the total CAD$69.644 billion credit card outstanding balances in Canada.
In accordance to Bank of Canada credit card statistics, the outstanding balances as at December 2009 is CAD$56.086 billion. Whereas the total
outstanding balances as at December 2010 is CAD$59.719 billion. The figure shown an increase of 6.48% credit card outstanding balances in Canada during the 12 months period.
As of Q4 2010, residents in Ontario made up 42.72% of the outstanding credit card balances in Canada(CAD$28.007 billion out of the total CAD$65.565 billion).
This is followed by residents in British Columbia($9.018b), Quebec($8.251b) and Alberta($7.876b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $217m).
The second lowest is Prince Edward Island with $290 million outstanding credit card balances.
There are $3.597 billion unallocated in Canada and/or international from the total CAD$65.565 billion credit card outstanding balances in Canada.
As of Q3 2010, residents in Ontario made up 42.53% of the outstanding credit card balances in Canada(CAD$26.466 billion out of the total CAD$62.227 billion).
This is followed by residents in British Columbia($8.525b), Quebec($7.771b) and Alberta($7.451b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $215m).
The second lowest is Prince Edward Island with $277 million outstanding credit card balances.
There are $3.673 billion unallocated in Canada and/or international from the total CAD$62.227 billion credit card outstanding balances in Canada.
Credit Cards in Canada 2009-2010
As of 2010, Canada has a population of 33.96 millions with a GDP(gross domestic product) of CAD$1,696.4 billions. This
translates into CAD$49,955 of GDP per capita.
As at 31st December 2010, there are 98,370,222 payment cards issued in Canada(2.90 payment cards per capita), an increase of 2,264,222 or 2.36% compares to 96,106,000 in 2009.
There are 74,470,222 credit cards in Canada(2.19 credit cards per capita) as at 31st December 2010, an increase of 664,222 or 0.90% compares to 73,806,000 in 2009.
Debit cards increase by 1,600,000 or 7.17% to 23,900,000 in 2010, compares to 22,300,000 in 2009.
Credit Cards Outstanding Balances in Canada
In accordance to Bank of Canada credit card statistics, the outstanding balances as at December 2009 is CAD$56.086 billion. Whereas the total
outstanding balances as at December 2010 is CAD$59.364 billion. The figure shown an increase of CAD$3.278 billion or 5.84% credit card outstanding balances in Canada during the 12 months period.
As of June 2011, the credit card outstanding balances in Canada stood at CAD$62.081 billion.
Total Card Payments in Volume and Value
For 2010, there are 6,846.09 millions of card payment transactions in Canada(201.59 transactions per capita), an increase of 293.69 millions or 4.48%
compares to 6552.4 millions in 2009. Out of these transactions, 2875.09 millions or 42% is paid by credit cards, an increase of 203.69 millions or
7.62% compares to 2,671.4 millions in 2009. The rest of card payment transactions(3,971 millions) are paid by debit cards, an increase of 90 millions
or 2.32% compares to 3,881 millions in 2009.
The total card payments for 2010 is CAD$482.03 billions in value(CAD$14,194 per capita), an increase of CAD$21.85 billions or 4.75% compares to CAD$460.18 billions in 2009.
This also translates into CAD$70.41 per card payment transaction, a marginal increase from CAD$70.2 in 2009; which means payment card is used for larger amount transaction.
Out of these transactions, CAD$306.41 billions or 63.57% is paid by credit cards, an increase of CAD$17.59 billions or 6.09% compares to CAD$288.82 billions in 2009.
The rest of card payments, CAD$175.62 billions in value is paid by debit cards, an increase of CAD$4.26 billions or 2.49% compares to CAD$171.36 billions in 2009.
The transactions volume and the total card payments value has increase nicely considering the low increase of 0.9% in number of cards issued.
Visa and MasterCard in Canada
For fiscal year ended October 31 2010, there are 70.3 millions Visa and MasterCard cardholders in Canada; up 0.7 millions or 1.01% year-over-year compares to 69.6 millions
in circulation for the same fiscal year in 2009.
Net dollar volume for Visa and MasterCard for fiscal year ended October 31 2010 is CAD$308.90 billion(inclusive of net retail volume and cash advance volume),
up CAD$12.69 billions or 4.28% compares to CAD$296.21 billion for the same fiscal year in 2009.
Out of the CAD$308.90 billion, CAD$279.80 billion is for Visa and MasterCard purchase transactions, an increase by CAD$15.33 billion or 5.8% compares to CAD$264.47 in the same fiscal year in 2009.
Whereas CAD$29.1 billions is for cash advance, a decrease by CAD$2.64 billions or 8.31% compared to CAD$31.74 billions in the same fiscal year in 2009.
The number of Visa and MasterCard purchase transactions increase by 190.8 millions or 7.07% for fiscal year ended October 31 2010 to 2.6993 billions from 2.5085 billions for the same fiscal year in 2009.
As of October 31 2010, the delinquency rate(90 days & over) for Visa and MasterCard in Canada has decrease slightly to 1.16%; compares to 1.31% in October 31 2009.
Credit Card Fraud Statistics for Canadian Issued Cards
For the year ending December 2010, CAD$365,716,944 loss to credit card fraud(Amex, MasterCard and Visa) has been reported in Canada, involving 539,224 Canadian issued cards. This is an average loss of CAD$678.23 per account.
In comparisons to 2009, the loss amount increase by CAD$7,355,652 or 2.05%. However, the number of accounts involved decrease by 2,356 or 0.44%, while the average loss per account increase by CAD$16.53 or 2.5%.
Card Not Present, Fraudulent e-commerce, telephone and mail purchases is the main culprit in terms of dollar volume with CAD$176,115,080 loss; and with the highest numbers of cases as well, involving 296,583 accounts.
For the first time counterfeit cards has been dethroned from top position, with CAD$135,725,232 loss in value involving 172,548 accounts(CAD$104,461,701 for Counterfeit Domestic on 135,594 accounts; CAD$31,263,531 for Counterfeit Cross Border on 36,954 accounts).
Worryingly, non receipt of card still top the highest average loss per account with CAD$2,279.74 loss per account. Fraudulent applications is the second highest average loss per account with CAD$1,943.68 loss per account.
In the same period, 23,608 accounts are reported for lost card and 38,862 accounts are reported for stolen card, involving CAD$12,957,262 loss to the former and CAD$22,823,193 to the latter.
Credit Cards in Canada 2008-2009
As of 2009, Canada has a population of 33.67 millions with a GDP(gross domestic product) of USD$1,337.38 billions. This translates into USD$39,721.92 of GDP per capita.
As at 31st December 2009, there are 96,106,000 payment cards issued in Canada(2.85 cards per capita), an increase of 1,924,000 or 2.04% compares to 94,182,000 in 2008.
There are 73,806,000 credit cards in Canada as at 31st December 2009, an increase of 1,124,000 or 1.55% compares to 72,682,000 in 2008. Debit cards increase by 800,000
or 3.72% to 22,300,000 in 2009, compares to 21,500,000 in 2008.
Credit Cards Outstanding Balances in Canada
In accordance to Bank of Canada credit card statistics, the outstanding balances as at December 2008 is CAD$53.390 billion. Whereas the total
outstanding balances as at December 2009 is CAD$56.086 billion. The figure shown an increase of 5.05% credit card outstanding balances in Canada during the 12 months period.
However, as at February 2010, the outstanding balances have been reduced by 1.74% to CAD$55.110 billion.
Total Card Payments in Volume and Value
For 2009, there are 6552.4 millions of card payment transactions in Canada(194.61 transactions per capita), an increase of 270.8 millions or 4.31% compares to 6,281.6 millions in 2008.
Out of these transactions, 2,671.4 millions or 40.77% is paid by credit cards, an increase of 94.8 millions or 3.68% compares to 2,576.6 millions in 2008. The rest of card payment
transactions(3,881 millions) are paid by debit cards, an increase of 176 millions or 4.75% compares to 3,705 millions in 2008.
The total card payments for 2009 is CAD$460.18 billions in value(CAD$13,667 per capita), a decrease of CAD$1.23 billions or 0.27% compares to CAD$461.41 billions in 2008.
This also translates into CAD$70.2 per card payment transaction, a decrease from CAD$73.5 in 2008. Out of these transactions, CAD$288.82 billions or 62.76% is paid by credit cards,
a decrease of CAD$4.01 billions or 1.37% compares to CAD$292.83 billions in 2008. The rest of card payments, CAD$171.36 billions in value is paid by debit cards, an increase of CAD$2.78 billions or 1.65% compares to CAD$168.58 billions in 2008.
Even though the number of cards and transactions volume has increase, the total card payments value has decrease. This is also meant payment cards are used for increasingly smaller amounts as reflected in the average value per transaction.
Visa and MasterCard in Canada
For fiscal year ended October 31 2009, there are 69.6 millions Visa and MasterCard cardholders in Canada; up 1.4 millions or 2.05% year-over-year compares to 68.2 millions
in circulation for the same fiscal year in 2008.
Net dollar volume for Visa and MasterCard for fiscal year ended October 31 2009 is CAD$296.21 billion(inclusive of net retail volume and cash advance volume),
down CAD$8.67 billions or 2.84% compares to CAD$304.88 billion for the same fiscal year in 2008.
Out of the CAD$296.21 billion, CAD$264.47 billion is for Visa and MasterCard purchase transactions, a decrease by CAD$2.5 billion or 0.94% compares to CAD$266.97 in the same fiscal year in 2008.
Whereas CAD$31.74 billions is for cash advance, a significant decrease by CAD$6.17 billions or 16.28% compared to CAD$37.91 billions in the same fiscal year in 2008.
The number of Visa and MasterCard purchase transactions increase by 75.7 millions or 3.11% for fiscal year ended October 31 2009 to 2.5085 billions from 2.4328 billions for the same fiscal year in 2008.
As of October 31 2009, the delinquency rate(90 days & over) for Visa and MasterCard in Canada has risen to 1.31%; compares to 0.98% in October 31 2008.
Credit Card Fraud Statistics for Canadian Issued Cards
For the year ending December 2009, CAD$358,361,292 loss to credit card fraud(Amex, MasterCard and Visa) has been reported in Canada, involving 541,580 Canadian issued cards. This is an average loss of CAD$661.70 per account.
In comparisons to 2008, the loss amount decrease by CAD$49,368,447 or 12.11%. However, the number of accounts involved increase by 91,258 or 20.27%, while the average loss per account reduced significantly by CAD$243.72 or 26.92%.
Counterfeit cards remained as the main culprit in terms of dollar volume with CAD$158,809,947 loss involving 171,751 accounts.
Whereas fraudulent use of Account(MO/TO/EC and Multiple Imprints[fraud use of account number]) has reported the highest numbers of cases, involving 294,549 accounts(a whopping increase of 40% compared to 2008) with CAD$140,443,893 loss in value.
Worryingly, the highest average loss per account is due to non receipt of card, involving CAD$2,064.75 loss per account. Fraudulent applications is the second highest average loss per account with CAD$1,927.55 loss per account.
In the same period, 22,304 accounts are reported for lost card and 45,103 accounts are reported for stolen card, involving CAD$13,599,382 loss to the former and CAD$27,208,823 to the latter.
Credit cards in Canada 2007-2008
As of 2008, Canada has a population of 33.44 millions with a GDP(gross domestic product) of USD$1,499.04 billions. This
translates into USD$44,826 of GDP per capita.
As at 31st December 2008, there are 94,182,000 payment cards issued in Canada(2.81 cards per capita), an increase of 4,508,000 or 5.03% compares to 89,674,000 in 2007.
There are 72,682,000 credit cards in Canada as at 31st December 2008, an increase of 4,270,000 or 6.24% compares to 68,412,000 in 2007.
Debit cards increase by 238,000 or 1.12% to 21,500,000 in 2008, compares to 21,262,000 in 2007.
Credit Cards Outstanding Balances in Canada
In accordance to Bank of Canada credit card statistics, the outstanding balances as at December 2007 is CAD$48.505 billion. Whereas the total
outstanding balances as at December 2008 is CAD$53.390 billion. The figure shown an increase of 10.07% credit card outstanding balances in Canada during the 12 months period.
However, as at February 2009, the outstanding balances have been reduced by 3.33% to CAD$51.611 billion
Total Card Payments in Volume and Value
For 2008, there are 6,281.6 millions of card payment transactions in Canada(187.84 transactions per capita), an increase of 469.7 millions or 8.08%
compares to 5,811.9 millions in 2007. Out of these transactions, 2,576.6 millions or 41.02% is paid by credit cards, an increase of 216.4 millions or
9.17% compares to 2,360.2 millions in 2007. The rest of card payment transactions(3,705 millions) are paid by debit cards, an increase of 253.23 millions
or 7.34% compares to 3,451.77 millions in 2007. While credit card transactions increase according to the growth in the number of cards issued; debit card
transactions has growth significantly even though there is only 1.12% increased in the number of cards issued.
The total card payments for 2008 is CAD$461.41 billions in value(CAD$13,798 per capita), an increase of CAD$39.89 billions or 9.46% compares to CAD$421.52 billions in 2007.
This also translates into CAD$73.5 per card payment transaction, a increase from CAD$72.53 in 2007. Out of these transactions, CAD$292.83 billions or 63.46% is paid by credit cards,
an increase of CAD$28.13 billions or 10.63% compares to CAD$264.7 billions in 2007; which is inline with the increase in credit card transactions. The rest of card payments,
CAD$168.58 billions in value is paid by debit cards, an increase of CAD$11.76 billions or 7.5% compares to CAD$156.82 billions in 2007; which is in accordance to the increase in debit cards transactions.
Visa and MasterCard in Canada
For fiscal year ended October 31 2008, there are 68.2 millions Visa and MasterCard cardholders in Canada; up 4.1 millions or 6.4% year-over-year compares to 64.1 millions
in circulation for the same fiscal year in 2007.
Net dollar volume for Visa and MasterCard for fiscal year ended October 31 2008 is CAD$304.88 billion(inclusive of net retail volume and cash advance volume),
up 10.8% compares to CAD$275.21 billion for the same fiscal year in 2007.
Out of the CAD$304.88 billion, CAD$$266.97 billion is for Visa and MasterCard purchase transactions, an increase by CAD$$26.45 billion or 11% compares to CAD$$240.52 in the same fiscal year in 2007.
Whereas CAD$37.91 billions is for cash advance, an increase by CAD$3.22 billions or 9.28% compared to CAD$34.69 billions in the same fiscal year in 2007.
The number of Visa and MasterCard purchase transactions increase by 208.8 millions or 9.39% for fiscal year ended October 31 2008 to 2.4328 billions compared to 2.224 billions for the same fiscal year in 2007.
As of April 30 2009, the delinquency rate(90 days & over) for Visa and MasterCard in Canada has risen to 1.28%; compares to 0.98% in October 31 2008.
Credit Card Fraud Statistics for Canadian Issued Cards
For the year ending December 2008, CAD$407,729,739 loss to credit card fraud(Amex, MasterCard and Visa) has been reported in Canada, involving 450,322 Canadian issued cards. This is an average loss of CAD$905.42 per account.
Counterfeit cards is the main culprit in terms of dollar volume with CAD$196,653,970 loss involving 158,503 accounts.
Whereas fraudulent e-commerce, telephone and mail purchases has reported the highest numbers of cases, involving 210,430 accounts with CAD$128,362,477 loss in value.
Worryingly, the highest average loss per account is due to non receipt of card, involving CAD$3,042.06 loss per account. Fraudulent applications is the second highest average loss per account with CAD$3,038.32 loss per account.
In the same period, 23,022 accounts are reported for lost card and 47,546 accounts are reported for stolen card, involving CAD$16,505,213 loss to the former and CAD$32,293,078 to the latter.
Breakdown by Province
As of Q4 2008, residents in Ontario made up 45.43% of the outstanding credit card balances in Canada(CAD$24.405 billion out of the total CAD$53.724 billion).
This is followed by residents in British Columbia($7.569b), Quebec($7.257b) and Alberta($6.589b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $196m).
The second lowest is Prince Edward Island with $262 million outstanding credit card balances.
There are $69 million unallocated in Canada and/or international from the total CAD$53.724 billion credit card outstanding balances in Canada.
As of Q3 2008, residents in Ontario made up 45.46% of the outstanding credit card balances in Canada(CAD$24.141 billion out of the total CAD$53.098 billion).
This is followed by residents in British Columbia($7.601b), Quebec($7.019b) and Alberta($6.609b).
The province with the lowest outstanding balances are residents in Yukon, Northwest Territories, and Nunavut(total $193m).
The second lowest is Prince Edward Island with $255 million outstanding credit card balances.
There are $72 million unallocated in Canada and/or international from the total CAD$53.053 billion credit card outstanding balances in Canada.
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