Credit card debt falls despite economic toll of pandemic
Card holders here racked up $5.4b in rollover debt in Q4 last year, down 15.8% year on year
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ST ILLUSTRATION: MANNY FRANCISCO
Consumers chalked up less credit card debt last year despite the Covid-19 pandemic taking a toll on people's finances.
Total rollover credit card balances came in at an estimated $5.4 billion in the fourth quarter of last year, down 15.8 per cent from a year earlier, Monetary Authority of Singapore (MAS) data showed.
