Travel boosts banks’ card spend beyond pre-pandemic levels but still has room for recovery

Total billings on Singapore-issued credit and charge cards came in at an estimated $20.2 billion in the third quarter. PHOTO: ST FILE
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SINGAPORE - Travel is back with a vengeance with consumers splashing out so much on items such as air tickets and hotels that total credit card spending has surpassed pre-pandemic levels.

Total billings on Singapore-issued credit and charge cards came in at an estimated $20.2 billion in the third quarter, up from $16 billion in the same period in 2021, according to checks by The Straits Times on Monetary Authority of Singapore (MAS) data.

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