Bad Debts Written Off for Credit Cards in Singapore increased by 5.97%

In the credit and charge card statistics, Monetary Authority of Singapore(MAS) shown that there are 4,472,262 of main cardholders and 1,173,988 of supplementary cardholders in Singapore as at 2007.

In December 2008, there are 5,056,582 of main cardholders and 1,221,333 of supplementary cardholders in Singapore. This is an increase of by 584,320 or 13.07% in 12 months period, while the supplementary cardholders has increased by 47,345 or 4.03% in the same period.

For detailed statistics such as total card billings, rollover balance and bad debts written off, please visit the site at Singapore credit cards comparison and online applications

The bad debts written off increased in 12 months(from 2007 to 2008) by 5.97% to S$S$115.4 million.


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