Customer Spending Habits Differ by Credit Card Network

Customer Spending Habits Differ by Credit Card Network

September 23, 2015         Written By Bill Hardekopf

The way you spend money may have something to do with the type of credit card you carry. A new study from Morgan Stanley shows how credit card spending by Americans changes by network.

American Express cardholders spend more money on their card in an average month than any other cardholders, according to Cheryl Pate, a Wall Street Analyst for Morgan Stanley. The average AmEx user spends $1,687 a month, which is more than double the spending of the next closest network.

Visa cardholders are the second biggest spenders, racking up an average of $843 a month in transactions. Discover cardholders spend a comparable $737 each month, while MasterCard users spend an average of $639 per month.

“While competition has intensified and some competitors are picking up share, AmEx continues to resonate with affluent customers,” writes Pate. “AmEx’s primary cardmember base skews much higher to affluent clients than other networks.”

The changes in card spending habits seem to have had no influence on consumers’ satisfactions with their card providers. The most recent J.D Power card satisfaction study showed Discover ranked highest in customer satisfaction, with American Express in a close second.

The information contained within this article was accurate as of September 23, 2015. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and may be compensated if you take action with any of our affiliate partners.


About Bill Hardekopf

Bill Hardekopf is the CEO of and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf