Reuters logo
SINGAPORE PRESS-Credit card take-up falls for 1st time in 4 years - Straits Times
April 22, 2014 / 12:27 AM / 4 years ago

SINGAPORE PRESS-Credit card take-up falls for 1st time in 4 years - Straits Times

Runaway growth in the credit card market came to a screeching halt last year, with take-up rates dropping for the first time in four years.

Industry experts said the key factors behind the turnaround were tighter rules applying to banks issuing cards and a saturated market.

NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Singapore Newsroom; Editing by Anand Basu)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below