Credit card debt falls despite economic toll of Covid-19 pandemic: MAS data

SINGAPORE – 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.

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