As at 31st March 2022, there are 19,164,000 credit cards issued in Hong Kong, an increase of 115,000 or 0.60% compares to 19,049,000 as at 31st December 2021. A total of 220,151,000 credit card transactions recorded for Quarter 1, 2022(5.38% lower compares to previous quarter and 0.03% lower compares to the same quarter a year ago); which made up of 218,383,000 retail spending(187,057,000 local spending and 31,326,000 overseas spending) and 1,767,000 cash advances. The 220,151,000 credit card transactions generated HKD$172.038 billions in value(13.22% higher compares to previous quarter and 1.14% lower compares to the same quarter a year ago); HKD$164.532 billions for retail spending(HKD$139.914 billions local spending and HKD$24.618 billions overseas spending) and HKD$7.507 billions for cash advances.

A total of 217,713,000 credit card transactions recorded for Quarter 2, 2022(1.11% lower compares to previous quarter and 7.62% lower compares to the same quarter a year ago); which made up of 215,933,000 retail spending(178,144,000 local spending and 37,789,000 overseas spending) and 1,780,000 cash advances. The 217,713,000 credit card transactions generated HKD$177.151 billions in value(2.97% higher compares to previous quarter and 2.92% higher compares to the same quarter a year ago); HKD$169.757 billions for retail spending(HKD$138.916 billions local spending and HKD$30.841 billions overseas spending) and HKD$7.394 billions for cash advances. For the 6 months ended 30th June 2022, a total of 437,864,000 credit card transactions recorded, with a total value of HKD$349.189 billions.

As of 2021, Hong Kong has a population of 7,413,070 with a GDP(gross domestic product) of HKD$2,869.682 billions. This translates into HKD$387,111 of GDP per capita.
As at 31st December 2021, there are 19,049,000 credit cards issued in Hong Kong(2.57 cards per capita), an increase of 320,000 or 1.65% compares to 19,369,000 cards in the same period 2020.

Total Card Payments in Volume and Value
In 2021, there are 921,110,000 credit card transactions recorded(124.25 card transactions per capita), an increase of 81,284,000 or 9.68% compares to 839,826,000 transactions in 2020. The 921,110,000 credit card transactions generated HKD$721.694 billions(HKD$97,354 per capita), an increase of HKD$87.151 billions or 13.73% compares to HKD$634.543 billions in 2020.
The 921,110,000 credit card transactions can be broken down into:-

• 913,096,000 retail spending transactions, an increase of 81,030,000 of 9.74% compares to 832,066,000 retail spending transactions in 2020.
  Local retail spending made up 87.39% or 797,919,000 transactions, an increase of 70,682,000 or 9.72% compares to 727,237,000 transactions in 2020.
  While overseas retail spending made up 12.61% or 115,178,000 transactions, an increase of 10,348,000 or 9.87% compares to 104,830,000 transactions in 2020.
• 8,014,000 cash advance transactions, an increase of 254,000 of 3.27% compares to 7,760,000 cash advance transactions in 2020.

The HKD$721.694 billions credit card transactions can be broken down into:-

• HKD$682.478 billions retail spending, an increase of HKD$89.392 billions of 15.07% compares to HKD$593.086 billions in 2020. This translates into HKD$747 per credit card payment transaction in 2021, a decrease compares to HKD$713 in 2020.
  Local retail spending made up 87.09% or HKD$594.349 billions, an increase of HKD$78.201 billions or 15.15% compares to HKD$516.148 billions in 2020. This translates into HKD$745 per credit card payment transaction locally in 2021, a decrease compares to HKD$710 in 2020.
  While overseas retail spending made up 12.91% or HKD$88.127 billions, an increase of HKD$11.188 billions or 14.54% compares to HKD$76.939 billions in 2020. This translates into HKD$765 per credit card payment transaction overseas in 2021, an increase compares to HKD$734 in 2020.
• HKD$39.218 billions cash advance, a decrease of HKD$2.238 billions of 5.40% compares to HKD$41.456 billions in 2020.

As at 31st March 2021, there are 19,318,000 credit cards issued in Hong Kong, a decrease of 51,000 or 0.26% compares to 19,369,000 as at 31st December 2020. A total of 220,228,000 credit card transactions recorded for Quarter 1, 2021(0.91% lower compares to previous quarter and 7.77% higher compares to the same quarter a year ago); which made up of 218,351,000 retail spending(192,437,000 local spending and 25,914,000 overseas spending) and 1,877,000 cash advances. The 220,228,000 credit card transactions generated HKD$174.030 billions in value(2.76% higher compares to previous quarter and 1.18% higher compares to the same quarter a year ago); HKD$164.359 billions for retail spending(HKD$145.432 billions local spending and HKD$18.926 billions overseas spending) and HKD$9.672 billions for cash advances.

As at 30th June 2021, there are 19,224,000 credit cards issued in Hong Kong, a decrease of 94,000 or 0.49% compares to 19,318,000 as at 31st March 2021. A total of 235,680,000 credit card transactions recorded for Quarter 2, 2021(7.02% higher compares to previous quarter and 15.33% higher compares to the same quarter a year ago); which made up of 233,676,000 retail spending(206,359,000 local spending and 27,317,000 overseas spending) and 2,004,000 cash advances. The 235,680,000 credit card transactions generated HKD$172.133 billions in value(1.09% lower compares to previous quarter and 19.37% higher compares to the same quarter a year ago); HKD$162.566 billions for retail spending(HKD$142.229 billions local spending and HKD$20.336 billions overseas spending) and HKD$9.567 billions for cash advances. For the 6 months ended 30th June 2021, a total of 455,908,000 credit card transactions recorded, with a total value of HKD$346.163 billions.

As at 30th September 2021, there are 19,182,000 credit cards issued in Hong Kong, a decrease of 42,000 or 0.22% compares to 19,224,000 as at 30th June 2021. A total of 232,539,000 credit card transactions recorded for Quarter 3, 2021(1.33% lower compares to previous quarter and 11.32% higher compares to the same quarter a year ago); which made up of 230,485,000 retail spending(200,732,000 local spending and 29,754,000 overseas spending) and 2,054,000 cash advances. The 232,539,000 credit card transactions generated HKD$177.276 billions in value(2.99% higher compares to previous quarter and 19.00% higher compares to the same quarter a year ago); HKD$167.149 billions for retail spending(HKD$143.226 billions local spending and HKD$23.924 billions overseas spending) and HKD$10.127 billions for cash advances. For the 9 months ended 30th September 2021, a total of 688,447,000 credit card transactions recorded, with a total value of HKD$523.439 billions.

As at 31st December 2021, there are 19,049,000 credit cards issued in Hong Kong, a decrease of 133,000 or 0.69% compares to 19,182,000 as at 30th September 2021. A total of 232,663,000 credit card transactions recorded for Quarter 4, 2021(0.05% higher compares to previous quarter and 4.69% higher compares to the same quarter a year ago); which made up of 230,584,000 retail spending(198,391,000 local spending and 32,193,000 overseas spending) and 2,079,000 cash advances. The 232,663,000 credit card transactions generated HKD$198.255 billions in value(11.83% higher compares to previous quarter and 17.06% higher compares to the same quarter a year ago); HKD$188.404 billions for retail spending(HKD$163.462 billions local spending and HKD$24.941 billions overseas spending) and HKD$9.852 billions for cash advances. For the 12 months ended 31st December 2021, a total of 921,110,000 credit card transactions recorded, with a total value of HKD$721.694 billions.

As at 31st March 2022, there are 17,058,000 credit card accounts in Hong Kong, a decrease of 65,000 or 0.38% compares to 17,123,000 a quarter ago. As at 31st March 2022, the total amount of credit card receivables decreased by HKD$18,584 millions or 13.81% to HKD$116,017 millions, compares to HKD$134,601 millions a quarter ago. As at 31st March 2022, the delinquent amount increased by 10.91% to HKD$305 millions and the rollover amount decreased by 5.66% to HKD$21,116 millions compares to a quarter ago. The charge-off amount has decrease from HKD$495 million in the previous quarter to HKD$469 million, a 5.25% or HKD$26 millions decrease in 3 months period.

As at 30th June 2022, there are 17,108,000 credit card accounts in Hong Kong, an increase of 50,000 or 0.29% compares to 17,058,000 a quarter ago. As at 30th June 2022, the total amount of credit card receivables increased by HKD$9,988 millions or 8.61% to HKD$126,005 millions, compares to HKD$116,017 millions a quarter ago. As at 30th June 2022, the delinquent amount increased by 4.59% to HKD$319 millions and the rollover amount increased by 2.60% to HKD$21,666 millions compares to a quarter ago. The charge-off amount has increase from HKD$469 million in the previous quarter to HKD$569 million, a 21.32% or HKD$100 millions decrease in 3 months period.

As at 31st December 2021, there are 17,123,000 credit card accounts in Hong Kong, a decrease of 890,000 or 4.94% compares to 18,013,000 in the same period 2020. As at 31st December 2021, the total amount of credit card receivables(overdue when a payment is past due at the last day of the reporting month) is HKD$134,601 millions, an increase of HKD$9,725 millions or 7.79% compares to HKD$124,876 millions a year ago. Total card receivables increased by 8.24% (or HKD$10,248 billion) in the fourth quarter of 2021. The increase was largely due to festive spending around the year end and the payment of salaries tax using credit cards. As at 31st December 2021, the delinquent amount(the amount of credit card receivables overdue for more than 90 days) is HKD$275 millions. While the rollover amount(the amount outstanding at the previous statement date less any amount paid between the previous statement date and the current statement date) is HKD$22,383 millions. The delinquent amount at the end of 2020 is HKD$342 millions with a rollover amount of HKD$22,651 millions. Overall, rollover amount decreased by 1.18% and delinquent amount decreased by 19.59% at the end of 2021 when compares to the same period in 2020. The charge-off amount(total amount of credit card receivables written off - normally for an account that has been overdue for more than 180 days) has decrease from HKD$2,866 million for 12 months ended 2020 to HKD$2,267 million for 12 months ended 2021, showing a 26.42% decrease in charge-off amount in the 12 months period.

As at 31st March 2021, there are 17,890,000 credit card accounts in Hong Kong, a decrease of 123,000 or 0.68% compares to 18,013,000 a quarter ago. As at 31st March 2021, the total amount of credit card receivables decreased by HKD$5,036 millions or 4.03% to HKD$119,840 millions, compares to HKD$124,876 millions a quarter ago. As at 31st March 2021, the delinquent amount decreased by 2.92% to HKD$332 millions and the rollover amount decreased by 4.32% to HKD$21,673 millions compares to a quarter ago. The charge-off amount has decrease from HKD$665 million in the previous quarter to HKD$635 million, a 4.72% or HKD$30 millions decrease in 3 months period.

As at 30th June 2021, there are 17,803,000 credit card accounts in Hong Kong, a decrease of 87,000 or 0.49% compares to 17,890,000 a quarter ago. As at 30th June 2021, the total amount of credit card receivables increased by HKD$3,642 millions or 3.04% to HKD$123,482 millions, compares to HKD$119,840 millions a quarter ago. As at 30th June 2021, the delinquent amount increased by 1.81% to HKD$338 millions and the rollover amount increased by 2.86% to HKD$22,293 millions compares to a quarter ago. The charge-off amount has decrease from HKD$635 million in the previous quarter to HKD$567 million, a 10.71% or HKD$68 millions decrease in 3 months period.

As at 30th September 2021, there are 17,707,000 credit card accounts in Hong Kong, a decrease of 96,000 or 0.54% compares to 17,803,000 a quarter ago. As at 30th September 2021, the total amount of credit card receivables increased by HKD$871 millions or 0.71% to HKD$124,353 millions, compares to HKD$123,482 millions a quarter ago. As at 30th September 2021, the delinquent amount decreased by 18.34% to HKD$276 millions and the rollover amount decreased by 3.51% to HKD$21,510 millions compares to a quarter ago. The charge-off amount has increase from HKD$567 million in the previous quarter to HKD$570 million, a 0.53% or HKD$3 millions decrease in 3 months period.

As at 31st December 2021, there are 17,123,000 credit card accounts in Hong Kong, a decrease of 584,000 or 3.30% compares to 17,707,000 a quarter ago. As at 31st December 2021, the total amount of credit card receivables increased by HKD$10,248 millions or 8.24% to HKD$134,601 millions, compares to HKD$124,353 millions a quarter ago. As at 31st December 2021, the delinquent amount decreased by 0.36% to HKD$275 millions and the rollover amount increased by 4.06% to HKD$22,383 millions compares to a quarter ago. The charge-off amount has decrease from HKD$570 million in the previous quarter to HKD$495 million, a 13.16% or HKD$75 millions decrease in 3 months period.

As at 31st December 2020, there are 18,013,000 credit card accounts in Hong Kong, an increase of 344,000 or 1.95% compares to 17,669,000 in the same period 2019. As at 31st December 2020, the total amount of credit card receivables(overdue when a payment is past due at the last day of the reporting month) is HKD$124,876 millions, a decrease of HKD$12,849 millions or 9.33% compares to HKD$137,725 millions a year ago. Total card receivables increased by 3.89% (or HKD$4,671 billion) in the fourth quarter of 2020. The increase was largely due to festive spending around the year end and the payment of salaries tax using credit cards. As at 31st December 2020, the delinquent amount(the amount of credit card receivables overdue for more than 90 days) is HKD$342 millions. While the rollover amount(the amount outstanding at the previous statement date less any amount paid between the previous statement date and the current statement date) is HKD$22,651 millions. The delinquent amount at the end of 2019 is HKD$348 millions with a rollover amount of HKD$25,693 millions. Overall, rollover amount decreased by 11.84% and delinquent amount decreased by 1.72% at the end of 2020 when compares to the same period in 2019. The charge-off amount(total amount of credit card receivables written off - normally for an account that has been overdue for more than 180 days) has increase from HKD$2,162 million for 12 months ended 2019 to HKD$2,866 million for 12 months ended 2020, showing a 32.56% increase in charge-off amount in the 12 months period.

As at 31st March 2020, there are 19,609,000 credit cards issued in Hong Kong, a decrease of 99,000 or 0.50% compares to 19,708,000 as at 31st December 2019. A total of 204,355,000 credit card transactions recorded for Quarter 1, 2020(4.70% lower compares to previous quarter and 6.65% higher compares to the same quarter a year ago); which made up of 202,359,000 retail spending(171,897,000 local spending and 30,462,000 overseas spending) and 1,996,000 cash advances. The 204,355,000 credit card transactions generated HKD$172.006 billions in value(10.37% lower compares to previous quarter and 10.97% lower compares to the same quarter a year ago); HKD$160.129 billions for retail spending(HKD$133.061 billions local spending and HKD$27.068 billions overseas spending) and HKD$11.877 billions for cash advances.

As at 30th June 2020, there are 19,517,000 credit cards issued in Hong Kong, a decrease of 92,000 or 0.47% compares to 19,609,000 as at 31st March 2020. A total of 204,346,000 credit card transactions recorded for Quarter 2, 2020(0.004% lower compares to previous quarter and 0.29% lower compares to the same quarter a year ago); which made up of 202,426,000 retail spending(180,205,000 local spending and 22,221,000 overseas spending) and 1,920,000 cash advances. The 204,346,000 credit card transactions generated HKD$144.207 billions in value(16.16% lower compares to previous quarter and 24.04% lower compares to the same quarter a year ago); HKD$134.266 billions for retail spending(HKD$120.242 billions local spending and HKD$14.026 billions overseas spending) and HKD$9.940 billions for cash advances. For the 6 months ended 30th June 2020, a total of 408,701,000 credit card transactions recorded, with a total value of HKD$316.213 billions.

As at 30th September 2020, there are 19,340,000 credit cards issued in Hong Kong, a decrease of 177,000 or 0.91% compares to 19,517,000 as at 30th June 2020. A total of 208,884,000 credit card transactions recorded for Quarter 3, 2020(2.54% higher compares to previous quarter and 2.48% lower compares to the same quarter a year ago); which made up of 207,040,000 retail spending(181,510,000 local spending and 25,530,000 overseas spending) and 1,845,000 cash advances. The 208,884,000 credit card transactions generated HKD$148.970 billions in value(3.71% higher compares to previous quarter and 21.07% lower compares to the same quarter a year ago); HKD$139.326 billions for retail spending(HKD$122.064 billions local spending and HKD$17.262 billions overseas spending) and HKD$9.644 billions for cash advances. For the 9 months ended 30th September 2020, a total of 617,585,000 credit card transactions recorded, with a total value of HKD$465.183 billions.

As at 31st December 2020, there are 19,369,000 credit cards issued in Hong Kong, an increase of 29,000 or 0.15% compares to 19,340,000 as at 30th September 2020. A total of 222,241,000 credit card transactions recorded for Quarter 4, 2020(6.39% higher compares to previous quarter and 3.64% higher compares to the same quarter a year ago); which made up of 220,241,000 retail spending(193,625,000 local spending and 26,617,000 overseas spending) and 1,999,000 cash advances. The 222,241,000 credit card transactions generated HKD$169.360 billions in value(13.69% higher compares to previous quarter and 11.75% lower compares to the same quarter a year ago); HKD$159.365 billions for retail spending(HKD$140.781 billions local spending and HKD$18.583 billions overseas spending) and HKD$9.995 billions for cash advances. For the 12 months ended 31st December 2020, a total of 839,826,000 credit card transactions recorded, with a total value of HKD$634.543 billions.

As at 31st March 2020, there are 18,075,000 credit card accounts in Hong Kong, an increase of 406,000 or 2.30% compares to 17,669,000 a quarter ago. As at 31st March 2020, the total amount of credit card receivables decreased by HKD$13,803 millions or 10.02% to HKD$123,922 millions, compares to HKD$137,725 millions a quarter ago. As at 31st March 2020, the delinquent amount increased by 23.85% to HKD$431 millions and the rollover amount decreased by 1.35% to HKD$25,346 millions compares to a quarter ago. The charge-off amount has decrease from HKD$555 million in the previous quarter to HKD$553 million, a 0.36% or HKD$2 millions decrease in 3 months period.

As at 30th June 2020, there are 18,008,000 credit card accounts in Hong Kong, a decrease of 67,000 or 0.37% compares to 18,075,000 a quarter ago. As at 30th June 2020, the total amount of credit card receivables increased by HKD$304 millions or 0.25% to HKD$124,226 millions, compares to HKD$123,922 millions a quarter ago. As at 30th June 2020, the delinquent amount increased by 11.14% to HKD$479 millions and the rollover amount decreased by 5.52% to HKD$23,946 millions compares to a quarter ago. The charge-off amount has increase from HKD$553 million in the previous quarter to HKD$875 million, a 58.23% or HKD$322 millions increase in 3 months period.

As at 30th September 2020, there are 17,985,000 credit card accounts in Hong Kong, a decrease of 23,000 or 0.13% compares to 18,008,000 a quarter ago. As at 30th September 2020, the total amount of credit card receivables decreased by HKD$4,021 millions or 3.24% to HKD$120,205 millions, compares to HKD$124,226 millions a quarter ago. As at 30th September 2020, the delinquent amount decreased by 16.49% to HKD$400 millions and the rollover amount decreased by 5.21% to HKD$22,699 millions compares to a quarter ago. The charge-off amount has decrease from HKD$875 million in the previous quarter to HKD$773 million, a 11.66% or HKD$102 millions decrease in 3 months period.

As at 31st December 2020, there are 18,013,000 credit card accounts in Hong Kong, an increase of 28,000 or 0.16% compares to 17,985,000 a quarter ago. As at 31st December 2020, the total amount of credit card receivables increased by HKD$4,671 millions or 3.89% to HKD$124,876 millions, compares to HKD$120,205 millions a quarter ago. As at 31st December 2020, the delinquent amount decreased by 14.50% to HKD$342 millions and the rollover amount decreased by 0.21% to HKD$22,651 millions compares to a quarter ago. The charge-off amount has decrease from HKD$773 million in the previous quarter to HKD$665 million, a 13.97% or HKD$108 millions decrease in 3 months period.

As at 31st March 2019, there are 19,490,000 credit cards issued in Hong Kong, an increase of 30,000 or 0.15% compares to 19,460,000 as at 31st December 2018. A total of 191,616,000 credit card transactions recorded for Quarter 1, 2019(2.54% lower compares to previous quarter and 15.45% higher compares to the same quarter a year ago); which made up of 189,332,000 retail spending(162,713,000 local spending and 26,619,000 overseas spending) and 2,284,000 cash advances. The 191,616,000 credit card transactions generated HKD$193.200 billions in value(1.89% lower compares to previous quarter and 5.60% higher compares to the same quarter a year ago); HKD$181.028 billions for retail spending(HKD$152.187 billions local spending and HKD$28.840 billions overseas spending) and HKD$12.172 billions for cash advances.

As at 30th June 2019, there are 19,594,000 credit cards issued in Hong Kong, an increase of 104,000 or 0.53% compares to 19,490,000 as at 31st March 2019. A total of 204,941,000 credit card transactions recorded for Quarter 2, 2019(6.95% higher compares to previous quarter and 14.26% higher compares to the same quarter a year ago); which made up of 202,627,000 retail spending(172,546,000 local spending and 30,081,000 overseas spending) and 2,314,000 cash advances. The 204,941,000 credit card transactions generated HKD$189.841 billions in value(1.74% lower compares to previous quarter and 6.31% higher compares to the same quarter a year ago); HKD$177.580 billions for retail spending(HKD$145.434 billions local spending and HKD$32.146 billions overseas spending) and HKD$12.261 billions for cash advances. For the 6 months ended 30th June 2019, a total of 396,557,000 credit card transactions recorded, with a total value of HKD$383.041 billions.

As at 30th September 2019, there are 19,686,000 credit cards issued in Hong Kong, an increase of 92,000 or 0.47% compares to 19,594,000 as at 30th June 2019. A total of 214,189,000 credit card transactions recorded for Quarter 3, 2019(4.51% higher compares to previous quarter and 15.40% higher compares to the same quarter a year ago); which made up of 211,916,000 retail spending(178,951,000 local spending and 32,965,000 overseas spending) and 2,273,000 cash advances. The 214,189,000 credit card transactions generated HKD$188.737 billions in value(0.58% lower compares to previous quarter and 5.41% higher compares to the same quarter a year ago); HKD$176.261 billions for retail spending(HKD$142.760 billions local spending and HKD$33.501 billions overseas spending) and HKD$12.476 billions for cash advances. For the 9 months ended 30th September 2019, a total of 610,746,000 credit card transactions recorded, with a total value of HKD$571.778 billions.

As at 31st December 2019, there are 19,708,000 credit cards issued in Hong Kong, an increase of 22,000 or 0.11% compares to 19,686,000 as at 30th September 2019. A total of 214,435,000 credit card transactions recorded for Quarter 4, 2019(0.11% higher compares to previous quarter and 9.06% higher compares to the same quarter a year ago); which made up of 211,996,000 retail spending(178,225,000 local spending and 33,771,000 overseas spending) and 2,439,000 cash advances. The 214,435,000 credit card transactions generated HKD$191.901 billions in value(1.68% higher compares to previous quarter and 2.55% lower compares to the same quarter a year ago); HKD$179.168 billions for retail spending(HKD$144.775 billions local spending and HKD$34.393 billions overseas spending) and HKD$12.733 billions for cash advances. For the 12 months ended 31st December 2019, a total of 825,181,000 credit card transactions recorded, with a total value of HKD$763.679 billions.

As at 31st December 2019, there are 17,669,000 credit card accounts in Hong Kong, an increase of 64,000 or 0.36% compares to 17,605,000 in the same period 2018. As at 31st December 2019, the total amount of credit card receivables(overdue when a payment is past due at the last day of the reporting month) is HKD$137,725 millions, a decrease of HKD$325 millions or 0.24% compares to HKD$138,050 millions a year ago. Total card receivables increased by 4.03% (or HKD$5,330 billion) in the fourth quarter of 2019. The increase was largely due to festive spending around the year end and the payment of salaries tax using credit cards. As at 31st December 2019, the delinquent amount(the amount of credit card receivables overdue for more than 90 days) is HKD$348 millions. While the rollover amount(the amount outstanding at the previous statement date less any amount paid between the previous statement date and the current statement date) is HKD$25,693 millions. The delinquent amount at the end of 2018 is HKD$287 millions with a rollover amount of HKD$26,368 millions. Overall, rollover amount decreased by 2.56% and delinquent amount increased by 21.25% at the end of 2019 when compares to the same period in 2018. The charge-off amount(total amount of credit card receivables written off - normally for an account that has been overdue for more than 180 days) has increase from HKD$2,036 million for 12 months ended 2018 to HKD$2,162 million for 12 months ended 2019, showing a 6.19% increase in charge-off amount in the 12 months period.

As at 31st March 2019, there are 17,699,000 credit card accounts in Hong Kong, an increase of 94,000 or 0.53% compares to 17,605,000 a quarter ago. As at 31st March 2019, the total amount of credit card receivables decreased by HKD$8,522 millions or 6.17% to HKD$129,528 millions, compares to HKD$138,050 millions a quarter ago, which is a norm since last quarter receivables was driven by festive spending and the payment of salaries tax using credit cards. As at 31st March 2019, the delinquent amount decreased by 3.14% to HKD$278 millions and the rollover amount decreased by 5.24% to HKD$24,987 millions compares to a quarter ago. The charge-off amount has increase from HKD$503 million in the previous quarter to HKD$510 million, a 1.93% or HKD$7 millions increase in 3 months period.

As at 30th June 2019, there are 17,787,000 credit card accounts in Hong Kong, an increase of 88,000 or 0.50% compares to 17,699,000 a quarter ago. As at 30th June 2019, the total amount of credit card receivables increased by HKD$2,580 millions or 1.99% to HKD$132,108 millions, compares to HKD$129,528 millions a quarter ago. As at 30th June 2019, the delinquent amount increased by 10.43% to HKD$307 millions and the rollover amount increased by 4.02% to HKD$25,992 millions compares to a quarter ago. The charge-off amount has increase from HKD$510 million in the previous quarter to HKD$516 million, a 1.18% or HKD$6 millions increase in 3 months period.

As at 30th September 2019, there are 17,731,000 credit card accounts in Hong Kong, a decrease of 56,000 or 0.31% compares to 17,787,000 a quarter ago. As at 30th September 2019, the total amount of credit card receivables increased by HKD$287 millions or 0.22% to HKD$132,395 millions, compares to HKD$132,108 millions a quarter ago. As at 30th September 2019, the delinquent amount increased by 0.33% to HKD$308 millions and the rollover amount decreased by 3.83% to HKD$24,996 millions compares to a quarter ago. The charge-off amount has increase from HKD$516 million in the previous quarter to HKD581 million, a 12.60% or HKD$65 millions increase in 3 months period.

As at 31st December 2019, there are 17,669,000 credit card accounts in Hong Kong, a decrease of 62,000 or 0.35% compares to 17,731,000 a quarter ago. As at 31st December 2019, the total amount of credit card receivables increased by HKD$5,330 millions or 4.03% to HKD$137,725 millions, compares to HKD$132,395 millions a quarter ago. As at 31st December 2019, the delinquent amount increased by 12.99% to HKD$348 millions and the rollover amount increased by 2.79% to HKD$25,693 millions compares to a quarter ago. The charge-off amount has decrease from HKD$581 million in the previous quarter to HKD$555 million, a 4.68% or HKD$26 millions decrease in 3 months period.

As of 2018, Hong Kong has a population of 7,486,400 with a GDP(gross domestic product) of HKD$2,835.161 billions. This translates into HKD$378,708 of GDP per capita.
As at 31st December 2018, there are 19,460,000 credit cards issued in Hong Kong(2.60 cards per capita), an increase of 584,000 or 3.09% compares to 18,876,000 cards in the same period 2017.

Total Card Payments in Volume and Value
In 2018, there are 727,565,000 credit card transactions recorded(97.18 card transactions per capita), an increase of 102,237,000 or 16.35% compares to 625,328,000 transactions in 2017. The 727,565,000 credit card transactions generated HKD$737.512 billions(HKD$98,514 per capita), an increase of HKD$79.352 billions or 12.06% compares to HKD$658.160 billions in 2017.
The 727,565,000 credit card transactions can be broken down into:-

• 718,084,000 retail spending transactions, an increase of 102,354,000 of 16.62% compares to 615,730,000 retail spending transactions in 2017.
  Local retail spending made up 84.56% or 607,180,000 transactions, an increase of 95,676,000 or 18.70% compares to 511,504,000 transactions in 2017.
  While overseas retail spending made up 15.44% or 110,906,000 transactions, an increase of 6,679,000 or 6.41% compares to 104,227,000 transactions in 2017.
• 9,480,000 cash advance transactions, a decrease of 118,000 of 1.23% compares to 9,598,000 cash advance transactions in 2017.

The HKD$737.512 billions credit card transactions can be broken down into:-

• HKD$688.931 billions retail spending, an increase of HKD$75.877 billions of 12.38% compares to HKD$613.054 billions in 2017. This translates into HKD$959 per credit card payment transaction in 2018, a decrease compares to HKD$996 in 2017.
  Local retail spending made up 82.90% or HKD$571.100 billions, an increase of HKD$66.297 billions or 13.13% compares to HKD$504.803 billions in 2017. This translates into HKD$941 per credit card payment transaction locally in 2018, a decrease compares to HKD$987 in 2017.
  While overseas retail spending made up 17.10% or HKD$117.832 billions, an increase of HKD$9.581 billions or 8.85% compares to HKD$108.251 billions in 2017. This translates into HKD$1,062 per credit card payment transaction overseas in 2018, an increase compares to HKD$1,039 in 2017.
• HKD$48.581 billions cash advance, an increase of HKD$3.474 billions of 7.70% compares to HKD$45.107 billions in 2016.

As at 31st March 2018, there are 18,997,000 credit cards issued in Hong Kong, an increase of 121,000 or 0.64% compares to 18,876,000 as at 31st December 2017. A total of 165,974,000 credit card transactions recorded for Quarter 1, 2018(0.17% higher compares to previous quarter and 13.84% higher compares to the same quarter a year ago); which made up of 163,686,000 retail spending(137,626,000 local spending and 26,060,000 overseas spending) and 2,288,000 cash advances. The 165,974,000 credit card transactions generated HKD$182.959 billions in value(0.21% higher compares to previous quarter and 14.14% higher compares to the same quarter a year ago); HKD$171.143 billions for retail spending(HKD$142.954 billions local spending and HKD$28.189 billions overseas spending) and HKD$11.816 billions for cash advances.

As at 30th June 2018, there are 19,175,000 credit cards issued in Hong Kong, a decrease of 711,000 or 3.58% compares to 19,886,000 as at 31st March 2018. A total of 179,363,000 credit card transactions recorded for Quarter 2, 2018(7.40% higher compares to previous quarter and 15.93% higher compares to the same quarter a year ago); which made up of 177,028,000 retail spending(148,878,000 local spending and 28,150,000 overseas spending) and 2,335,000 cash advances. The 179,363,000 credit card transactions generated HKD$178.573 billions in value(2.21% lower compares to previous quarter and 15.15% higher compares to the same quarter a year ago); HKD$166.931 billions for retail spending(HKD$137.172 billions local spending and HKD$29.759 billions overseas spending) and HKD$11.642 billions for cash advances. For the 6 months ended 30th June 2018, a total of 345,337,000 credit card transactions recorded, with a total value of HKD$361.532 billions.

As at 30th September 2018, there are 19,324,000 credit cards issued in Hong Kong, an increase of 149,000 or 0.78% compares to 19,175,000 as at 30th June 2018. A total of 185,609,000 credit card transactions recorded for Quarter 3, 2018(3.48% higher compares to previous quarter and 16.64% higher compares to the same quarter a year ago); which made up of 183,218,000 retail spending(154,797,000 local spending and 28,422,000 overseas spending) and 2,391,000 cash advances. The 185,609,000 credit card transactions generated HKD$179.055 billions in value(0.27% higher compares to previous quarter and 11.76% higher compares to the same quarter a year ago); HKD$166.693 billions for retail spending(HKD$136.673 billions local spending and HKD$30.020 billions overseas spending) and HKD$12.362 billions for cash advances. For the 9 months ended 30th September 2018, a total of 530,946,000 credit card transactions recorded, with a total value of HKD$540.587 billions.

As at 31st December 2018, there are 19,460,000 credit cards issued in Hong Kong, an increase of 136,000 or 0.70% compares to 19,324,000 as at 30th September 2018. A total of 196,619,000 credit card transactions recorded for Quarter 4, 2018(5.93% higher compares to previous quarter and 18.66% higher compares to the same quarter a year ago); which made up of 194,152,000 retail spending(165,879,000 local spending and 28,274,000 overseas spending) and 2,466,000 cash advances. The 196,619,000 credit card transactions generated HKD$196.925 billions in value(9.98% higher compares to previous quarter and 7.86% higher compares to the same quarter a year ago); HKD$184.164 billions for retail spending(HKD$154.301 billions local spending and HKD$29.864 billions overseas spending) and HKD$12.761 billions for cash advances. For the 12 months ended 31st December 2018, a total of 727,565,000 credit card transactions recorded, with a total value of HKD$737.512 billions.

As at 31st December 2018, there are 17,605,000 credit card accounts in Hong Kong, an increase of 680,000 or 4.02% compares to 16,925,000 in the same period 2017. As at 31st December 2018, the total amount of credit card receivables(overdue when a payment is past due at the last day of the reporting month) is HKD$138,050 millions, an increase of HKD$6,811 millions or 5.19% compares to HKD$131,239 millions a year ago. Total card receivables increased by 9.66% (or HKD$12,163 billion) in the fourth quarter of 2018. The increase was largely due to festive spending around the year end and the payment of salaries tax using credit cards. As at 31st December 2018, the delinquent amount(the amount of credit card receivables overdue for more than 90 days) is HKD$287 millions. While the rollover amount(the amount outstanding at the previous statement date less any amount paid between the previous statement date and the current statement date) is HKD$26,368 millions. The delinquent amount at the end of 2017 is HKD$285 millions with a rollover amount of HKD$24,770 millions. Overall, rollover amount increased by 6.45% and delinquent amount increased by 0.70% at the end of 2018 when compares to the same period in 2017. The charge-off amount(total amount of credit card receivables written off - normally for an account that has been overdue for more than 180 days) has increase from HKD$2,275 million for 12 months ended 2017 to HKD$2,036 million for 12 months ended 2018, showing a 10.51% increase in charge-off amount in the 12 months period.

As at 31st March 2018, there are 17,124,000 credit card accounts in Hong Kong, an increase of 199,000 or 1.18% compares to 16,925,000 a quarter ago. As at 31st March 2018, the total amount of credit card receivables decreased by HKD$10,580 millions or 8.06% to HKD$120,659 millions, compares to HKD$131,239 millions a quarter ago, which is a norm since last quarter receivables was driven by festive spending and the payment of salaries tax using credit cards. As at 31st March 2018, the delinquent amount decreased by 8.07% to HKD$262 millions and the rollover amount decreased by 2.33% to HKD$24,194 millions compares to a quarter ago. The charge-off amount has increase from HKD$512 million in the previous quarter to HKD$517 million, a 0.98% or HKD$5 millions increase in 3 months period.

As at 30th June 2018, there are 17,311,000 credit card accounts in Hong Kong, an increase of 187,000 or 1.09% compares to 17,124,000 a quarter ago. As at 30th June 2018, the total amount of credit card receivables increased by HKD$3,604 millions or 2.99% to HKD$124,263 millions, compares to HKD$120,659 millions a quarter ago. As at 30th June 2018, the delinquent amount increased by 6.49% to HKD$279 millions and the rollover amount increased by 4.85% to HKD$25,368 millions compares to a quarter ago. The charge-off amount has decrease from HKD$517 million in the previous quarter to HKD$504 million, a 2.51% or HKD$13 millions decrease in 3 months period.

As at 30th September 2018, there are 17,504,000 credit card accounts in Hong Kong, an increase of 193,000 or 1.11% compares to 17,311,000 a quarter ago. As at 30th September 2018, the total amount of credit card receivables increased by HKD$1,624 millions or 1.31% to HKD$125,887 millions, compares to HKD$124,263 millions a quarter ago. As at 30th September 2018, the delinquent amount decreased by 4.66% to HKD$266 millions and the rollover amount decreased by 2.04% to HKD$24,851 millions compares to a quarter ago. The charge-off amount has increase from HKD$504 million in the previous quarter to HKD$512 million, a 1.59% or HKD$8 millions increase in 3 months period.

As at 31st December 2018, there are 17,605,000 credit card accounts in Hong Kong, an increase of 101,000 or 0.58% compares to 17,504,000 a quarter ago. As at 31st December 2018, the total amount of credit card receivables increased by HKD$12,163 millions or 9.66% to HKD$138,050 millions, compares to HKD$125,887 millions a quarter ago. As at 31st December 2018, the delinquent amount increased by 7.89% to HKD$287 millions and the rollover amount increased by 6.10% to HKD$26,368 millions compares to a quarter ago. The charge-off amount has decrease from HKD$512 million in the previous quarter to HKD$503 million, a 1.79% or HKD$9 millions decrease in 3 months period.

As of 2017, Hong Kong has a population of 7,409,800 with a GDP(gross domestic product) of HKD$2,662.637 billions. This translates into HKD$359,340 of GDP per capita.
As at 31st December 2017, there are 19,666,000 credit cards issued in Hong Kong(2.65 cards per capita), an increase of 482,000 or 2.51% compares to 19,184,000 cards in the same period 2016.

Total Card Payments in Volume and Value
In 2017, there are 627,720,000 credit card transactions recorded(84.71 card transactions per capita), an increase of 63,780,000 or 11.31% compares to 563,940,000 transactions in 2016. The 627,720,000 credit card transactions generated HKD$658.776 billions(HKD$88,906 per capita), an increase of HKD$63.371 billions or 10.64% compares to HKD$595.405 billions in 2016.
The 627,720,000 credit card transactions can be broken down into:-

• 618,110,000 retail spending transactions, an increase of 61,720,000 of 11.09% compares to 556,390,000 retail spending transactions in 2016.
  Local retail spending made up 82.91% or 512,504,000 transactions, an increase of 43,345,000 or 9.24% compares to 469,159,000 transactions in 2016.
  While overseas retail spending made up 17.09% or 105,606,000 transactions, an increase of 18,376,000 or 21.07% compares to 87,230,000 transactions in 2016.
• 9,610,000 cash advance transactions, an increase of 2,060,000 of 27.28% compares to 7,550,000 cash advance transactions in 2016.

The HKD$658.776 billions credit card transactions can be broken down into:-

• HKD$613.626 billions retail spending, an increase of HKD$43.505 billions of 7.63% compares to HKD$570.121 billions in 2016. This translates into HKD$993 per credit card payment transaction in 2017, a decrease compares to HKD$1,025 in 2016.
  Local retail spending made up 82.30% or HKD$504.987 billions, an increase of HKD$30.565 billions or 6.44% compares to HKD$474.422 billions in 2016. This translates into HKD$985 per credit card payment transaction locally in 2017, a decrease compares to HKD$1,011 in 2016.
  While overseas retail spending made up 17.70% or HKD$108.631 billions, an increase of HKD$12.932 billions or 13.51% compares to HKD$95.699 billions in 2016. This translates into HKD$1,029 per credit card payment transaction overseas in 2017, a decrease compares to HKD$1,097 in 2016.
• HKD$45.150 billions cash advance, an increase of HKD$3.279 billions of 7.83% compares to HKD$41.871 billions in 2016.

As at 31st December 2017, there are 16,925,000 credit card accounts in Hong Kong, an increase of 318,000 or 1.91% compares to 16,607,000 in the same period 2016. As at 31st December 2017, the total amount of credit card receivables(overdue when a payment is past due at the last day of the reporting month) is HKD$131,239 millions, an increase of HKD$3,053 millions or 2.38% compares to HKD$128,186 millions a year ago. Total card receivables increased by 10.80% (or HKD$12,792 billion) in the fourth quarter of 2016. The increase was largely due to festive spending around the year end and the payment of salaries tax using credit cards. As at 31st December 2017, the delinquent amount(the amount of credit card receivables overdue for more than 90 days) is HKD$285 millions. While the rollover amount(the amount outstanding at the previous statement date less any amount paid between the previous statement date and the current statement date) is HKD$24,770 millions. The delinquent amount at the end of 2016 is HKD$313 millions with a rollover amount of HKD$22,734 millions. Overall, rollover amount increased by 8.96% and delinquent amount decreased by 8.95% at the end of 2017 when compares to the same period in 2016. The charge-off amount(total amount of credit card receivables written off - normally for an account that has been overdue for more than 180 days) has increase from HKD$2,430 million for 12 months ended 2016 to HKD$2,275 million for 12 months ended 2017, showing a 6.38% decrease in charge-off amount in the 12 months period.

As at 31st March 2017, there are 19,249,000 credit cards issued in Hong Kong, an increase of 65,000 or 0.34% compares to 19,184,000 as at 31st December 2016. A total of 145,800,000 credit card transactions recorded for Quarter 1, 2017(3.88% lower compares to previous quarter and 9.89% higher compares to the same quarter a year ago); which made up of 143,439,000 retail spending(119,707,000 local spending and 23,732,000 overseas spending) and 2,361,000 cash advances. The 145,800,000 credit card transactions generated HKD$160.291 billions in value(4.15% lower compares to previous quarter and 4.56% higher compares to the same quarter a year ago); HKD$149.134 billions for retail spending(HKD$124.948 billions local spending and HKD$24.187 billions overseas spending) and HKD$11.157 billions for cash advances.

As at 30th June 2017, there are 19,284,000 credit cards issued in Hong Kong, an increase of 35,000 or 0.18% compares to 19,249,000 as at 31st March 2017. A total of 154,712,000 credit card transactions recorded for Quarter 2, 2017(6.11% higher compares to previous quarter and 12.41% higher compares to the same quarter a year ago); which made up of 152,303,000 retail spending(125,387,000 local spending and 26,916,000 overseas spending) and 2,409,000 cash advances. The 154,712,000 credit card transactions generated HKD$155.076 billions in value(3.25% lower compares to previous quarter and 4.58% higher compares to the same quarter a year ago); HKD$144.252 billions for retail spending(HKD$117.325 billions local spending and HKD$26.926 billions overseas spending) and HKD$10.824 billions for cash advances. For the 6 months ended 30th June 2017, a total of 300,512,000 credit card transactions recorded, with a total value of HKD$315.367 billions.

As at 30th September 2017, there are 18,714,000 credit cards issued in Hong Kong, a decrease of 570,000 or 2.96% compares to 19,284,000 as at 30th June 2017. A total of 159,123,000 credit card transactions recorded for Quarter 3, 2017(2.85% higher compares to previous quarter and 9.93% higher compares to the same quarter a year ago); which made up of 156,731,000 retail spending(130,021,000 local spending and 26,711,000 overseas spending) and 2,392,000 cash advances. The 159,123,000 credit card transactions generated HKD$160.216 billions in value(3.31% higher compares to previous quarter and 6.32% higher compares to the same quarter a year ago); HKD$148.908 billions for retail spending(HKD$120.411 billions local spending and HKD$28.498 billions overseas spending) and HKD$11.308 billions for cash advances. For the 9 months ended 30th September 2017, a total of 459,635,000 credit card transactions recorded, with a total value of HKD$475.583 billions.

As at 31st December 2017, there are 18,876,000 credit cards issued in Hong Kong, an increase of 162,000 or 0.87% compares to 18,714,000 as at 30th September 2017. A total of 165,693,000 credit card transactions recorded for Quarter 4, 2017(4.13% higher compares to previous quarter and 9.23% higher compares to the same quarter a year ago); which made up of 163,257,000 retail spending(136,389,000 local spending and 26,868,000 overseas spending) and 2,436,000 cash advances. The 165,693,000 credit card transactions generated HKD$182.577 billions in value(13.96% higher compares to previous quarter and 9.17% higher compares to the same quarter a year ago); HKD$170.760 billions for retail spending(HKD$142.119 billions local spending and HKD$28.640 billions overseas spending) and HKD$11.817 billions for cash advances. For the 12 months ended 31st December 2017, a total of 625,328,000 credit card transactions recorded, with a total value of HKD$658.160 billions.

As at 31st March 2017, there are 16,575,000 credit card accounts in Hong Kong, a decrease of 32,000 or 0.19% compares to 16,607,000 a quarter ago. As at 31st March 2017, the total amount of credit card receivables decreased by HKD$11,404 millions or 8.90% to HKD$116,782 millions, compares to HKD$128,186 millions a quarter ago, which is a norm since last quarter receivables was driven by festive spending and the payment of salaries tax using credit cards. As at 31st March 2017, the delinquent amounted HKD$313 millions and the rollover amount decreased by 1.97% to HKD$22,286 millions compares to a quarter ago. The charge-off amount has decrease from HKD$582 million in the previous quarter to HKD$577 million, a 0.86% or HKD$5 millions decrease in 3 months period.

As at 30th June 2017, there are 16,650,000 credit card accounts in Hong Kong, an increase of 75,000 or 0.45% compares to 16,575,000 a quarter ago. As at 30th June 2017, the total amount of credit card receivables increased by HKD$1,160 millions or 0.99% to HKD$117,942 millions, compares to HKD$116,782 millions a quarter ago. As at 30th June 2017, the delinquent amount decreased by 7.67% to HKD$289 millions and the rollover amount increased by 7.75% to HKD$24,013 millions compares to a quarter ago. The charge-off amount has increase from HKD$577 million in the previous quarter to HKD$609 million, a 5.55% or HKD$32 millions increase in 3 months period.

As at 30th September 2017, there are 16,781,000 credit card accounts in Hong Kong, an increase of 131,000 or 0.79% compares to 16,650,000 a quarter ago. As at 30th September 2017, the total amount of credit card receivables increased by HKD$505 millions or 0.43% to HKD$118,447 millions, compares to HKD$117,942 millions a quarter ago. As at 30th September 2017, the delinquent amount decreased by 6.57% to HKD$270 millions and the rollover amount decreased by 3.17% to HKD$23,251 millions compares to a quarter ago. The charge-off amount has decrease from HKD$609 million in the previous quarter to HKD$577 million, a 5.25% or HKD$32 millions decrease in 3 months period.

As at 31st December 2017, there are 16,925,000 credit card accounts in Hong Kong, an increase of 144,000 or 0.86% compares to 16,781,000 a quarter ago. As at 31st December 2017, the total amount of credit card receivables increased by HKD$12,792 millions or 10.80% to HKD$131,239 millions, compares to HKD$118,447 millions a quarter ago. As at 31st December 2017, the delinquent amount increased by 5.56% to HKD$285 millions and the rollover amount increased by 6.53% to HKD$24,770 millions compares to a quarter ago. The charge-off amount has decrease from HKD$577 million in the previous quarter to HKD$512 million, a 11.27% or HKD$65 millions decrease in 3 months period.