The news: Credit card payment volume growth outstripped debit for the first time since 2000, per the Federal Reserve Payment Study. Credit card payments grew to 67.1 billion, up 16.2 billion since 2021. General-purpose credit cards drove these gains, commanding 96% of all credit card payments, up from 94% in 2021. In contrast, private-label card volume fell from 3.1 billion in 2021 to 2.9 billion in 2024.