Thursday, January 6, 2011

Number of credit cards charges past 6 million mark

Number of credit cards charges past 6 million mark - The Straits Times (5 Jan 2011)

Read about the above article? Frightening statistics in the article.
A reminder to all of us to be careful with our plastics.

Some of the statistics (based on Monetary Authority of Singapore's statistics in November 2010):

Number of credit cards issued: 6 million
Including supplementary cards: 7.46 million
Card per eligible cardholder: 6 to 7 cards
Monthly card billings: $2.87 billion
Roll over credit balance: 7.5%

Be careful with the plastic, just like fire, it can be our master or servant.

Use it wisely!

1 comment:

  1. I just applied for the SW Biz and was turned down because I opened two Chase accounts earlier this month (Sapphire Preferred and SW Personal). Two reconsideration line reps in a row have told me they cannot open more than 2 lines in a month. Is this new? True? False? Anybody had experience with it? To see more info please visit