| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 154.68 Billion |
| Market Size (2030) | USD 233.55 Billion |
| CAGR (2025 - 2030) | 8.59 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Israel Credit Cards Market Analysis
The Israel Credit Cards Market size in terms of transaction value is expected to grow from USD 154.68 billion in 2025 to USD 233.55 billion by 2030, at a CAGR of 8.59% during the forecast period (2025-2030).
Credit cards are widely accepted in Israel and can be used for various types of transactions, including in-person purchases at retail stores, online shopping, and bill payments. Most businesses and service providers, including restaurants, hotels, and retailers, accept credit card payments. The credit card market in Israel is regulated by the Bank of Israel, which sets guidelines and regulations to ensure fair practices and consumer protection. The regulations cover interest rates, fees, credit limits, and disclosure requirements.
Credit card issuers in Israel often offer various rewards and benefits to cardholders. These can include cashback programs, travel rewards, discounts on purchases, airline miles, loyalty points, and exclusive offers. These rewards and benefits can add value to cardholders' spending and incentivize credit card usage. Different from the U.S., contesting a credit card charge in Israel is virtually only possible if someone charged your credit card without authorization. It is advisable, therefore, not to get rid of your foreign-issued credit card that fast. Nearly all merchants accept foreign-issued MasterCard and Visa cards (and sometimes American Express credit cards) in Israel.
Israel Credit Cards Market Trends
Visa Cards Occupied the Major share in E-Commerce Payments
Visa plays a significant role in promoting financial inclusion by providing access to electronic payments for individuals who may not have traditional banking relationships. Visa cards are particularly valuable for international travelers as they are accepted in numerous countries and can be used for foreign currency transactions. Through partnering banks and financial institutions, Visa offers various rewards and benefits programs.
Cardholders can earn cashback, airline miles, loyalty points, discounts, and other incentives based on their spending patterns. These rewards and benefits enhance the overall value proposition of Visa cards, attracting customers and encouraging card usage. Visa has implemented robust security measures to protect cardholders against fraud and unauthorized transactions. Visa cards typically feature advanced security features, such as EMV chip technology and tokenization, which enhance transaction security.
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Israel is the Highest Credit Card Penetration rate Among Middle East Countries
Israel has a high credit card penetration rate, with a significant portion of the population using credit cards for their financial transactions. Credit card usage can stimulate economic activity. When consumers use credit cards, they increase their purchasing power, which can contribute to increased spending and stimulate demand in the economy. This can be beneficial for businesses, as it can lead to increased sales and revenue.High credit card penetration offers convenience and flexibility for consumers. Credit cards provide a widely accepted and convenient method of payment, allowing individuals to make purchases without carrying cash. They also offer a revolving line of credit, giving consumers the flexibility to make purchases and repay the amount over time.
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Israel Credit Cards Industry Overview
A mix of domestic and international players characterizes the competitive landscape in the credit card market in Israel. The market is highly competitive, with several financial institutions vying for market share and customer loyalty. Major banks in Israel, such as Bank Leumi, Bank Hapoalim, and Mizrahi-Tefahot Bank, have a significant presence in the credit card market. These banks offer their customers a range of credit cards, leveraging their established banking relationships and infrastructure to provide credit card services.
Competition in the credit card market revolves around factors such as interest rates, fees, rewards programs, customer service, security features, and innovative digital capabilities. Credit card providers continuously introduce new card offerings, promotional campaigns, and enhancements to attract and retain customers in this competitive landscape. Following is the list of companies providing Credit Card Services in Israel: Isracard, Leumi Bank, CAL (Israel Credit Cards Ltd.), American Express, and Israel Discount Bank.
Israel Credit Cards Market Leaders
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Isracard
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Leumi Bank
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CAL (Israel Credit Cards Ltd.)
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American Express
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Israel Discount Bank
- *Disclaimer: Major Players sorted in no particular order
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Israel Credit Cards Market News
- May 2023: Bank Leumi and CAL (Israel Credit Cards Ltd.) announced the signing of an agreement for issuing and operating Visa, MasterCard, and Diners credit cards to Leumi customers. The long-term strategic agreement relates to all the commercial terms, operating arrangements, and services that CAL will provide to Leumi and its customers.
- March 2023: The Bank of Israel instructed local banks to report more frequently on the movement of money in and out of Israel; the new directive comes amid volatility in the Israeli shekel since plans were laid out to overhaul the judiciary.
Israel Credit Cards Industry Segmentation
Credit cards provide individuals with a revolving line of credit, allowing them to make purchases and pay them off over time. This flexibility can help manage cash flow, make larger purchases, or handle unexpected expenses. Responsible credit card usage and timely repayment can help build a positive credit history, which is important for future borrowing and financial opportunities.
The Israel credit cards market is segmented by card type, application, and provider. By card type, the market is sub-segmented into general-purpose credit cards and specialty & other credit cards. By application, the market is sub-segmented into food & groceries, health & pharmacy, restaurants & bars, consumer electronics, media & entertainment, travel & tourism, and others. By provider, the market is sub-segmented into visa, mastercard, and others. The report offers market size and forecasts for the Israel credit cards market in value (USD) for all the above segments.
| By Card Type | General Purpose Credit Cards |
| Specialty & Other Credit Cards | |
| By Application | Food & Groceries |
| Health & Pharmacy | |
| Restaurants & Bars | |
| Consumer Electronics | |
| Media & Entertainment | |
| Travel & Tourism | |
| Other Applications | |
| By Provider | Visa |
| MasterCard | |
| Other Providers |
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Israel Credit Cards Market Research Faqs
How big is the Israel Credit Cards Market?
The Israel Credit Cards Market size is expected to reach USD 154.68 billion in 2025 and grow at a CAGR of 8.59% to reach USD 233.55 billion by 2030.
What is the current Israel Credit Cards Market size?
In 2025, the Israel Credit Cards Market size is expected to reach USD 154.68 billion.
Who are the key players in Israel Credit Cards Market?
Isracard, Leumi Bank, CAL (Israel Credit Cards Ltd.), American Express and Israel Discount Bank are the major companies operating in the Israel Credit Cards Market.
What years does this Israel Credit Cards Market cover, and what was the market size in 2024?
In 2024, the Israel Credit Cards Market size was estimated at USD 141.39 billion. The report covers the Israel Credit Cards Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Israel Credit Cards Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Israel Credit Cards Industry Report
Statistics for the 2025 Israel Credit Cards market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Israel Credit Cards analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
