US Credit Card Volume Growth Cools Off In 2013, Due To Short Holidays And Debt Wariness

Credit card payment volume growth was lukewarm in the U.S. during the fourth quarter of 2013.  Credit card volume — the value of purchases made with credit cards in aggregate — grew by 4.4% quarter-over-quarter to $634 billion. That's a deceleration from the 5% growth seen during the same period in 2012.  For the full year, volume grew to $2.4 trillion in the U.S., a 7.9% increase year-over-year. That's slightly slower growth than the 8.3% growth we saw in 2012.  One explanation for the ...