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Credit Pulse

Every month, information on over 3.2 million loan accounts is loaded to the Credit Bureau database. Credit Pulse is a summary of statistical data derived from this information and enables a tracking of general trends in the Singapore financial market.

Interesting Findings: Youth today & their credit card spending patterns & habits	Credit Card Billings Age Group 21-29 depicted 65% over the last 12 months..
Number of New Credit Card Consumers Age Group 21-29 depicted 39% over the last 12 months * Increased by 39%, this constitutes 8% of the total credit card base of consumers	Number of Credit Card Revolvers Revolver Status: credit cardholders who do not pay off the full balance outstanding at the end of each billing cycle.
Attributing factors that results in spike of number of credit card consumers from Age Group 21-29 • A credit card may offer benefits such as discounts & promotions which another credit card does not offer. • Additional privileges such as frequent-use rewards. For example, rewards points or mileage. • Acts as a status symbol among individuals within this particular Age Group of consumers • Ease of payment which facilitates utilization of credit cards • Due to new entrants to the workforce	Attributing factors that results in spike of credit card billings & rollover balances from Age Group 21-29 A credit card may offer benefits such as discounts & promotions which another credit card does not offer. • Additional privileges such as frequent-use rewards. For example, rewards points or mileage. • Acts as a status symbol among individuals within this particular Age Group of consumers • Ease of payment which facilitates utilization of credit cards • Due to new entrants to the workforce