Market Size of Israel Credit Cards Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 142.44 Billion |
| Market Size (2029) | USD 215.04 Billion |
| CAGR (2024 - 2029) | 8.59 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Israel Credit Cards Market Analysis
The Israel Credit Cards Market size in terms of transaction value is expected to grow from USD 142.44 billion in 2024 to USD 215.04 billion by 2029, at a CAGR of 8.59% during the forecast period (2024-2029).
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.
