Credit cards in Singapore 2016-2017
In accordance to MAS credit and charge card statistics, there are 7,724,041 of main cardholders and 1,389,750 of supplementary cardholders in Singapore as at December 2017, compares to 7,818,154 of main cardholders and 1,438,589 of supplementary cardholders as at December 2016.

This shown the number of main cardholders has decreased by 94,113 or 1.20% in 12 months period. On the other hand, the number of supplementary cardholders has decreased by 48,839 or 3.39% in 12 months period.

Total card billings for 2017 is S$54.28 billion with rollover balance of S$5.22 billion, compares to S$49.90 billion billings with rollover balance of S$5.30 billion in 2016.
Overall, the total billing increased by 8.78%, and rollover balance decreased by 1.51% compared to 0.19% decreased a year ago.

In 2017, the bad debts written off for Singapore credit and charge card has decreased by 3.29% or S$10.5 million to S$308.8 million, compares to S$319.3 million in 2016.
Charge-off rate in year 2017 has decreased to 6.0% from 6.1% in year 2016.

Monthly Statistics 2018
As of 31st January 2018, there are 7,662,808 of main cardholders and 1,379,154 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.79% or 61,233 compares to 7,724,041 cardholders as at 31st December 2017.
Whereas the number of supplementary cardholders decreased by 0.76% or 10,596 compares to 1,389,750 cardholders as at 31st December 2017.
Total card billings for January 2018 is S$4.8820 billion with rollover balance of S$5.1055 billion, and S$24.3 million bad debts are written off in the month.

As of 28th February 2018, there are 7,665,445 of main cardholders and 1,377,767 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.03% or 2,637 compares to 7,662,808 cardholders as at 31st January 2018.
Whereas the number of supplementary cardholders decreased by 0.10% or 1,387 compares to 1,379,154 cardholders as at 31st January 2018.
Total card billings for February 2018 is S$4.2649 billion with rollover balance of S$5.3883 billion, and S$24.1 million bad debts are written off in the month.

As of 31st March 2018, there are 7,671,182 of main cardholders and 1,376,485 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.07% or 5,737 compares to 7,665,445 cardholders as at 28th February 2018.
Whereas the number of supplementary cardholders decreased by 0.09% or 1,282 compares to 1,377,767 cardholders as at 28th February 2018.
Total card billings for March 2018 is S$4.8646 billion with rollover balance of S$5.0131 billion, and S$27.9 million bad debts are written off in the month.
Charge-off rate for the first quarter of 2018 stood at 6.0%.

As of 30th April 2018, there are 7,666,749 of main cardholders and 1,379,365 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.06% or 4,433 compares to 7,671,182 cardholders as at 31st March 2018.
Whereas the number of supplementary cardholders increased by 0.21% or 2,880 compares to 1,376,485 cardholders as at 31st March 2018.
Total card billings for April 2018 is S$4.6573 billion with rollover balance of S$5.0899 billion, and S$26.6 million bad debts are written off in the month.

As of 31st May 2018, there are 7,605,238 of main cardholders and 1,377,730 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.80% or 61,511 compares to 7,666,749 cardholders as at 30th April 2018.
Whereas the number of supplementary cardholders decreased by 0.12% or 1,635 compares to 1,379,365 cardholders as at 30th April 2018.
Total card billings for May 2018 is S$4.9905 billion with rollover balance of S$5.1175 billion, and S$25.4 million bad debts are written off in the month.

As of 30th June 2018, there are 6,957,625 of main local cardholders and 1,326,532 of supplementary local cardholders in Singapore.
(Note: As of June 2018, the “Number of Cards” has been renamed to “Number of Local Cardholders” in the data series).
Total card billings for June 2018 is S$4.9128 billion with rollover balance of S$5.3680 billion, and S$24.5 million bad debts are written off in the month.
Charge-off rate for the second quarter of 2018 stood at 6.0%.

As of 31st July 2018, there are 6,899,902 of main local cardholders and 1,334,466 of supplementary local cardholders in Singapore.
The number of main local cardholders decreased by 0.83% or 57,723 compares to 6,957,625 cardholders as at 30th June 2018.
Whereas the number of supplementary local cardholders increased by 0.60% or 7,934 compares to 1,326,532 cardholders as at 30th June 2018.
Total card billings for July 2018 is S$5.0480 billion with rollover balance of S$5.3042 billion, and S$24.0 million bad debts are written off in the month.

As of 31st August 2018, there are 6,899,457 of main local cardholders and 1,321,119 of supplementary local cardholders in Singapore.
The number of main local cardholders decreased by 0.01% or 445 compares to 6,899,902 cardholders as at 31st July 2018.
Whereas the number of supplementary local cardholders increased by 1.00% or 13,347 compares to 1,334,466 cardholders as at 31st July 2018.
Total card billings for August 2018 is S$4.9797 billion with rollover balance of S$5.3365 billion, and S$26.4 million bad debts are written off in the month.

As of 30th September 2018, there are 6,861,005 of main local cardholders and 1,319,699 of supplementary local cardholders in Singapore.
The number of main local cardholders decreased by 0.56% or 38,452 compares to 6,899,457 cardholders as at 31st August 2018.
Whereas the number of supplementary local cardholders decreased by 0.11% or 1,420 compares to 1,321,119 cardholders as at 31st August 2018.
Total card billings for September 2018 is S$4.8622 billion with rollover balance of S$5.5734 billion, and S$27.5 million bad debts are written off in the month.
Charge-off rate for the third quarter of 2018 stood at 5.9%.

As of 31st October 2018, there are 6,869,907 of main local cardholders and 1,316,057 of supplementary local cardholders in Singapore.
The number of main local cardholders increased by 0.13% or 8,902 compares to 6,861,005 cardholders as at 30th September 2018.
Whereas the number of supplementary local cardholders decreased by 0.28% or 3,642 compares to 1,319,699 cardholders as at 30th September 2018.
Total card billings for October 2018 is S$5.3073 billion with rollover balance of S$5.4029 billion, and S$27.2 million bad debts are written off in the month.

As of 30th November 2018, there are 6,869,923 of main local cardholders and 1,316,764 of supplementary local cardholders in Singapore.
The number of main local cardholders increased by 0.000233% or 16 compares to 6,869,907 cardholders as at 31st October 2018.
Whereas the number of supplementary local cardholders increased by 0.05% or 707 compares to 1,316,057 cardholders as at 31st October 2018.
Total card billings for November 2018 is S$5.2906 billion with rollover balance of S$5.5671 billion, and S$25.7 million bad debts are written off in the month.

As of 31st December 2018, there are 6,855,908 of main local cardholders and 1,312,030 of supplementary local cardholders in Singapore.
The number of main local cardholders decreased by 0.20% or 14,015 compares to 6,869,923 cardholders as at 30th November 2018.
Whereas the number of supplementary local cardholders decreased by 0.36% or 4,734 compares to 1,316,764 cardholders as at 30th November 2018.
Total card billings for December 2018 is S$5.5784 billion with rollover balance of S$5.4958 billion, and S$26.9 million bad debts are written off in the month.
Charge-off rate for the fourth quarter of 2018 stood at 5.9%.

Credit cards in Singapore 2015-2016
In accordance to MAS credit and charge card statistics, there are 7,818,154 of main cardholders and 1,438,589 of supplementary cardholders in Singapore as at December 2016, compares to 8,044,900 of main cardholders and 1,490,254 of supplementary cardholders as at December 2015.

This shown the number of main cardholders has decreased by 226,746 or 2.82% in 12 months period. This decrease is inline with Singapore Government efforts to curb credit card debt in the country. On the other hand, the number of supplementary cardholders has decreased by 51,665 or 3.47% in 12 months period.

Total card billings for 2016 is S$49.90 billion with rollover balance of S$5.30 billion, compares to S$47.10 billion billings with rollover balance of S$5.29 billion in 2015.
Overall, the total billing increased by 5.94%, and rollover balance increased by 0.19% compared to 3.82% decreased a year ago.

In 2016, the bad debts written off for Singapore credit and charge card has increased by 0.06% or S$0.2 million to S$319.3 million, compares to S$319.1 million in 2015.
Charge-off rate in year 2016 has increased to 6.1% from 5.9% in year 2015.

Monthly Statistics 2017
As of 31st January 2017, there are 7,793,842 of main cardholders and 1,434,048 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.31% or 24,312 compares to 7,818,154 cardholders as at 31st December 2016.
Whereas the number of supplementary cardholders decreased by 0.32% or 4,541 compares to 1,438,589 cardholders as at 31st December 2016.
Total card billings for January 2017 is S$4.3291 billion with rollover balance of S$5.3055 billion, and S$28.8 million bad debts are written off in the month.

As of 28th February 2017, there are 7,771,379 of main cardholders and 1,456,079 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.29% or 22,463 compares to 7,793,842 cardholders as at 31st January 2017.
Whereas the number of supplementary cardholders increased by 1.54% or 22,031 compares to 1,434,048 cardholders as at 31st January 2017.
Total card billings for February 2017 is S$3.9662 billion with rollover balance of S$5.4437 billion, and S$26.8 million bad debts are written off in the month.

As of 31st March 2017, there are 7,769,355 of main cardholders and 1,426,509 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.03% or 2,024 compares to 7,771,379 cardholders as at 28th February 2017.
Whereas the number of supplementary cardholders decreased by 2.03% or 29,570 compares to 1,456,079 cardholders as at 28th February 2017.
Total card billings for March 2017 is S$4.4748 billion with rollover balance of S$5.0791 billion, and S$27.9 million bad debts are written off in the month.
Charge-off rate for first quarter 2017 stood at 6.5%.

As of 30th April 2017, there are 7,763,445 of main cardholders and 1,424,800 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.08% or 5,910 compares to 7,769,355 cardholders as at 31st March 2017.
Whereas the number of supplementary cardholders decreased by 0.12% or 1,709 compares to 1,426,509 cardholders as at 31st March 2017.
Total card billings for April 2017 is S$4.1631 billion with rollover balance of S$5.2711 billion, and S$25.6 million bad debts are written off in the month.

As of 31st May 2017, there are 7,748,072 of main cardholders and 1,415,623 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.20% or 15,373 compares to 7,763,445 cardholders as at 30th April 2017.
Whereas the number of supplementary cardholders decreased by 0.64% or 9,177 compares to 1,424,800 cardholders as at 30th April 2017.
Total card billings for May 2017 is S$4.6661 billion with rollover balance of S$5.0244 billion, and S$27.1 million bad debts are written off in the month.

As of 30th June 2017, there are 7,736,252 of main cardholders and 1,407,836 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.15% or 11,820 compares to 7,748,072 cardholders as at 31st May 2017.
Whereas the number of supplementary cardholders decreased by 0.55% or 7,787 compares to 1,415,623 cardholders as at 31st May 2017.
Total card billings for June 2017 is S$4.4763 billion with rollover balance of S$5.1736 billion, and S$25.9 million bad debts are written off in the month.
Charge-off rate for second quarter 2017 stood at 6.2%.

As of 31st July 2017, there are 7,730,276 of main cardholders and 1,405,516 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.08% or 5,976 compares to 7,736,252 cardholders as at 30th June 2017.
Whereas the number of supplementary cardholders decreased by 0.16% or 2,320 compares to 1,407,836 cardholders as at 30th June 2017.
Total card billings for July 2017 is S$4.5091 billion with rollover balance of S$5.0273 billion, and S$27.1 million bad debts are written off in the month.

As of 31st August 2017, there are 7,702,952 of main cardholders and 1,393,586 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.35% or 27,324 compares to 7,730,276 cardholders as at 31st July 2017.
Whereas the number of supplementary cardholders decreased by 0.85% or 11,930 compares to 1,405,516 cardholders as at 31st July 2017.
Total card billings for August 2017 is S$4.5292 billion with rollover balance of S$5.0185 billion, and S$24.0 million bad debts are written off in the month.

As of 30th September 2017, there are 7,716,329 of main cardholders and 1,397,645 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.17% or 13,377 compares to 7,702,952 cardholders as at 31st August 2017.
Whereas the number of supplementary cardholders increased by 0.29% or 4,059 compares to 1,393,586 cardholders as at 31st August 2017.
Total card billings for September 2017 is S$4.4889 billion with rollover balance of S$5.1566 billion, and S$23.0 million bad debts are written off in the month.
Charge-off rate for third quarter 2017 stood at 6.0%.

As of 31st October 2017, there are 7,722,614 of main cardholders and 1,397,080 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.08% or 6,285 compares to 7,716,329 cardholders as at 30th September 2017.
Whereas the number of supplementary cardholders decreased by 0.04% or 565 compares to 1,397,645 cardholders as at 30th September 2017.
Total card billings for October 2017 is S$4.6561 billion with rollover balance of S$5.0636 billion, and S$24.7 million bad debts are written off in the month.

As of 30th November 2017, there are 7,739,080 of main cardholders and 1,400,890 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.21% or 16,466 compares to 7,722,614 cardholders as at 31st October 2017.
Whereas the number of supplementary cardholders increased by 0.27% or 3,810 compares to 1,397,080 cardholders as at 31st October 2017.
Total card billings for November 2017 is S$4.9285 billion with rollover balance of S$5.1964 billion, and S$24.0 million bad debts are written off in the month.

As of 31st December 2017, there are 7,724,041 of main cardholders and 1,389,750 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.19% or 15,039 compares to 7,739,080 cardholders as at 30th November 2017.
Whereas the number of supplementary cardholders increased by 0.80% or 11,140 compares to 1,400,890 cardholders as at 30th November 2017.
Total card billings for December 2017 is S$5.0884 billion with rollover balance of S$5.2243 billion, and S$23.9 million bad debts are written off in the month.
Charge-off rate for fourth quarter 2017 stood at 5.7%.

Monthly Statistics 2016
As of 31st January 2016, there are 7,991,039 of main cardholders and 1,480,015 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.67% or 53,861 compares to 8,044,900 cardholders as at 31st December 2015.
Whereas the number of supplementary cardholders decreased by 0.69% or 10,239 compares to 1,490,254 cardholders as at 31st December 2015.
Total card billings for January 2016 is S$4.0062 billion with rollover balance of S$5.4232 billion, and S$27.5 million bad debts are written off in the month.
Charge-off rate for fourth quarter 2015 stood at 6.8%.

As of 29th February 2016, there are 7,970,193 of main cardholders and 1,476,063 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.26% or 20,846 compares to 7,991,039 cardholders as at 31st January 2016.
Whereas the number of supplementary cardholders decreased by 0.27% or 3,952 compares to 1,480,015 cardholders as at 31st January 2016.
Total card billings for February 2016 is S$3.7365 billion with rollover balance of S$5.4361 billion, and S$26.6 million bad debts are written off in the month.

As of 31st March 2016, there are 7,947,958 of main cardholders and 1,472,542 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.28% or 22,235 compares to 7,970,193 cardholders as at 29th February 2016.
Whereas the number of supplementary cardholders decreased by 0.24% or 3,521 compares to 1,476,063 cardholders as at 29th February 2016.
Total card billings for March 2016 is S$4.0961 billion with rollover balance of S$5.1501 billion, and S$29.6 million bad debts are written off in the month.
Charge-off rate for first quarter 2016 stood at 6.4%.

As of 30th April 2016, there are 7,951,653 of main cardholders and 1,471,818 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.05% or 3,695 compares to 7,947,958 cardholders as at 31st March 2016.
Whereas the number of supplementary cardholders decreased by 0.05% or 724 compares to 1,472,542 cardholders as at 31st March 2016.
Total card billings for April 2016 is S$3.9227 billion with rollover balance of S$5.1908 billion, and S$27.5 million bad debts are written off in the month.

As of 31st May 2016, there are 7,950,186 of main cardholders and 1,467,578 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.02% or 1,467 compares to 7,951,653 cardholders as at 30th April 2016.
Whereas the number of supplementary cardholders decreased by 0.29% or 4,240 compares to 1,471,818 cardholders as at 30th April 2016.
Total card billings for May 2016 is S$4.1971 billion with rollover balance of S$5.1367 billion, and S$26.1 million bad debts are written off in the month.

As of 30th June 2016, there are 7,911,785 of main cardholders and 1,462,547 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.48% or 38,401 compares to 7,950,186 cardholders as at 31st May 2016.
Whereas the number of supplementary cardholders decreased by 0.34% or 5,031 compares to 1,467,578 cardholders as at 31st May 2016.
Total card billings for June 2016 is S$4.0928 billion with rollover balance of S$5.2576 billion, and S$26.8 million bad debts are written off in the month.
Charge-off rate for second quarter 2016 stood at 6.3%.

As of 31st July 2016, there are 7,912,995 of main cardholders and 1,462,120 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.02% or 1,210 compares to 7,911,785 cardholders as at 30th June 2016.
Whereas the number of supplementary cardholders decreased by 0.03% or 427 compares to 1,462,547 cardholders as at 30th June 2016.
Total card billings for July 2016 is S$3.9509 billion with rollover balance of S$5.2527 billion, and S$27.9 million bad debts are written off in the month.

As of 31st August 2016, there are 7,912,757 of main cardholders and 1,458,361 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.003% or 238 compares to 7,912,995 cardholders as at 31st July 2016.
Whereas the number of supplementary cardholders decreased by 0.26% or 3,759 compares to 1,462,120 cardholders as at 31st July 2016.
Total card billings for August 2016 is S$4.1255 billion with rollover balance of S$5.1614 billion, and S$25.7 million bad debts are written off in the month.

As of 30th September 2016, there are 7,917,122 of main cardholders and 1,456,145 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.06% or 4,365 compares to 7,912,757 cardholders as at 31st August 2016.
Whereas the number of supplementary cardholders decreased by 0.15% or 2,216 compares to 1,458,361 cardholders as at 31st August 2016.
Total card billings for September 2016 is S$4.1409 billion with rollover balance of S$5.2748 billion, and S$22.8 million bad debts are written off in the month.
Charge-off rate for third quarter 2016 stood at 6.0%.

As of 31st October 2016, there are 7,847,730 of main cardholders and 1,450,219 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.88% or 69,392 compares to 7,917,122 cardholders as at 30th September 2016.
Whereas the number of supplementary cardholders decreased by 0.41% or 5,926 compares to 1,456,145 cardholders as at 30th September 2016.
Total card billings for October 2016 is S$4.3119 billion with rollover balance of S$5.2261 billion, and S$23.4 million bad debts are written off in the month.

As of 30th November 2016, there are 7,832,090 of main cardholders and 1,444,398 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.20% or 15,640 compares to 7,847,730 cardholders as at 31st October 2016.
Whereas the number of supplementary cardholders decreased by 0.40% or 5,821 compares to 1,450,219 cardholders as at 31st October 2016.
Total card billings for November 2016 is S$4.5244 billion with rollover balance of S$5.3458 billion, and S$27.6 million bad debts are written off in the month.

As of 31st December 2016, there are 7,818,154 of main cardholders and 1,438,589 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.18% or 13,936 compares to 7,832,090 cardholders as at 30th November 2016.
Whereas the number of supplementary cardholders decreased by 0.40% or 5,809 compares to 1,444,398 cardholders as at 30th November 2016.
Total card billings for December 2016 is S$4.7991 billion with rollover balance of S$5.3013 billion, and S$27.7 million bad debts are written off in the month.
Charge-off rate for fourth quarter 2016 stood at 6.1%.

Credit cards in Singapore 2014-2015
In accordance to MAS credit and charge card statistics, there are 8,044,900 of main cardholders and 1,490,254 of supplementary cardholders in Singapore as at December 2015, compares to 8,156,466 of main cardholders and 1,554,840 of supplementary cardholders as at December 2014.

This shown the number of main cardholders has decreased by 111,566 or 1.37% in 12 months period. This decrease is inline with Singapore Government efforts to curb credit card debt in the country. On the other hand, the number of supplementary cardholders has decreased by 64,586 or 4.15% in 12 months period.

Total card billings for 2015 is S$47.10 billion with rollover balance of S$5.29 billion, compares to S$44.58 billion billings with rollover balance of S$5.50 billion in 2014.
Overall, the total billing increased by 5.65%, and rollover balance decreased by 3.82% compared to 2.61% growth a year ago.

In 2015, the bad debts written off for Singapore credit and charge card has increased by 16.50% or S$45.2 million to S$319.1 million, compares to S$273.9 million in 2014.
Charge-off rate in year 2015 has increased to 5.9% from 5.1% in year 2014.

Monthly Statistics 2015
As of 31st December 2015, there are 8,044,900 of main cardholders and 1,490,254 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.25% or 20,328 compares to 8,065,228 cardholders as at 30th November 2015.
Whereas the number of supplementary cardholders decreased by 0.38% or 5,755 compares to 1,496,009 cardholders as at 30th November 2015.
Total card billings for December 2015 is S$4.4855 billion with rollover balance of S$5.2903 billion, and S$30.5 million bad debts are written off in the month.
Charge-off rate for fourth quarter 2015 stood at 6.8%.

As of 30th November 2015, there are 8,065,228 of main cardholders and 1,496,009 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.06% or 4,912 compares to 8,070,140 cardholders as at 31st October 2015.
Whereas the number of supplementary cardholders decreased by 0.34% or 5,076 compares to 1,501,085 cardholders as at 31st October 2015.
Total card billings for November 2015 is S$4.1060 billion with rollover balance of S$5.4174 billion, and S$29.6 million bad debts are written off in the month.

As of 31st October 2015, there are 8,070,140 of main cardholders and 1,501,085 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.13% or 10,255 compares to 8,080,395 cardholders as at 30th September 2015.
Whereas the number of supplementary cardholders decreased by 0.55% or 8,351 compares to 1,509,436 cardholders as at 30th September 2015.
Total card billings for October 2015 is S$4.1153 billion with rollover balance of S$5.2817 billion, and S$28.0 million bad debts are written off in the month.

As of 30th September 2015, there are 8,080,395 of main cardholders and 1,509,436 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.17% or 13,398 compares to 8,093,793 cardholders as at 31st August 2015.
Whereas the number of supplementary cardholders decreased by 0.23% or 3,471 compares to 1,512,907 cardholders as at 31st August 2015.
Total card billings for September 2015 is S$3.8372 billion with rollover balance of S$5.3772 billion, and S$27.2 million bad debts are written off in the month.
Charge-off rate for third quarter 2015 stood at 6.2%.

As of 31st August 2015, there are 8,093,793 of main cardholders and 1,512,907 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.26% or 20,811 compares to 8,114,604 cardholders as at 31st July 2015.
Whereas the number of supplementary cardholders decreased by 0.38% or 5,816 compares to 1,518,723 cardholders as at 31st July 2015.
Total card billings for August 2015 is S$3.7958 billion with rollover balance of S$5.2714 billion, and S$27.6 million bad debts are written off in the month.

As of 31st July 2015, there are 8,114,604 of main cardholders and 1,518,723 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.41% or 33,353 compares to 8,147,957 cardholders as at 30th June 2015.
Whereas the number of supplementary cardholders decreased by 0.51% or 7,775 compares to 1,526,498 cardholders as at 30th June 2015.
Total card billings for July 2015 is S$3.9178 billion with rollover balance of S$5.2445 billion, and S$26.0 million bad debts are written off in the month.

As of 30th June 2015, there are 8,147,957 of main cardholders and 1,526,498 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.18% or 14,417 compares to 8,162,374 cardholders as at 31st May 2015.
Whereas the number of supplementary cardholders decreased by 0.37% or 5,724 compares to 1,532,222 cardholders as at 31st May 2015.
Total card billings for June 2015 is S$3.9804 billion with rollover balance of S$5.4018 billion, and S$24.5 million bad debts are written off in the month.
Charge-off rate for second quarter 2015 stood at 5.7%.

As of 31st May 2015, there are 8,162,374 of main cardholders and 1,532,222 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.03% or 2,356 compares to 8,160,018 cardholders as at 30th April 2015.
Whereas the number of supplementary cardholders decreased by 0.75% or 11,554 compares to 1,543,776 cardholders as at 30th April 2015.
Total card billings for May 2015 is S$3.8922 billion with rollover balance of S$5.4257 billion, and S$25.8 million bad debts are written off in the month.

As of 30th April 2015, there are 8,160,018 of main cardholders and 1,543,776 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.04% or 3,663 compares to 8,163,681 cardholders as at 31st March 2015.
Whereas the number of supplementary cardholders decreased by 0.14% or 2,108 compares to 1,545,884 cardholders as at 31st March 2015.
Total card billings for April 2015 is S$3.7564 billion with rollover balance of S$5.4499 billion, and S$25.1 million bad debts are written off in the month.

As of 31st March 2015, there are 8,163,681 of main cardholders and 1,545,884 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 0.05% or 4,028 compares to 8,167,709 cardholders as at 28th February 2015.
Whereas the number of supplementary cardholders decreased by 0.36% or 5,576 compares to 1,551,460 cardholders as at 28th February 2015.
Total card billings for March 2015 is S$3.9070 billion with rollover balance of S$5.3639 billion, and S$25.0 million bad debts are written off in the month.
Charge-off rate for first quarter 2015 stood at 5.5%.

As of 28th February 2015, there are 8,167,709 of main cardholders and 1,551,460 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.13% or 10,883 compares to 8,156,826 cardholders as at 31st January 2015.
Whereas the number of supplementary cardholders decreased by 0.19% or 3,016 compares to 1,554,476 cardholders as at 31st January 2015.
Total card billings for February 2015 is S$3.4475 billion with rollover balance of S$5.7732 billion, and S$25.0 million bad debts are written off in the month.

As of 31st January 2015, there are 8,156,826 of main cardholders and 1,554,476 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.004% or 360 compares to 8,156,466 cardholders as at 31st December 2014.
Whereas the number of supplementary cardholders decreased by 0.02% or 364 compares to 1,554,840 cardholders as at 31st December 2014.
Total card billings for January 2015 is S$3.8328 billion with rollover balance of S$5.5461 billion, and S$24.8 million bad debts are written off in the month.

Credit cards in Singapore 2013-2014
In accordance to MAS credit and charge card statistics, there are 7,984,608 of main cardholders and 1,573,936 of supplementary cardholders in Singapore as at December 2013. As of December 2014, there are 8,156,466 of main cardholders and 1,554,840 of supplementary cardholders in Singapore.

This shown the number of main cardholders has jumped by 171,858 or 2.11% in 12 months. This slow growth reflects the effort by Singapore Government to curb credit card debt in the country. On the other hand, the number of supplementary cardholders has decreased by 19,096 or 1.21% in the same period.

Total card billings for 2013 is S$41.60 billion with rollover balance of S$5.36 billion. Whereas the total card billings for 2014 is at S$44.58 billion, with rollover balance of S$5.50 billion.
Overall, the total billing increased by 7.16%, and rollover balance increased by 2.61% compared to 7.41% a year ago.

Bad debts written off for Singapore credit and charge card in 2013 is S$247.8 million. In 2014 the bad debts written off has increased by 10.53% or S$26.1 million to S$273.9 million.
Charge-off rate in year 2014 has increased to 5.1% from 4.8% in year 2013.

Monthly Statistics 2014
As of 31st December 2014, there are 8,156,466 of main cardholders and 1,554,840 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 1.55% or 128,060 compares to 8,284,526 cardholders as at 30th November 2014.
Whereas the number of supplementary cardholders decreased by 0.60% or 9,383 compares to 1,564,223 cardholders as at 30th November 2014.
Total card billings for December is S$4.3651 billion with rollover balance of S$5.5006 billion, and S$23.5 million bad debts are written off in the month.
Charge-off rate for fourth quarter 2014 stood at 5.5%.

As of 30th November 2014, there are 8,284,526 of main cardholders and 1,564,223 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.76% or 62,298 compares to 8,222,228 cardholders as at 31st October 2014.
Whereas the number of supplementary cardholders decreased by 0.05% or 787 compares to 1,565,010 cardholders as at 31st October 2014.
Total card billings for November is S$3.8246 billion with rollover balance of S$5.6725 billion, and S$24.7 million bad debts are written off in the month.

As of 31st October 2014, there are 8,222,228 of main cardholders and 1,565,010 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.32% or 26,063 compares to 8,196,165 cardholders as at 30th September 2014.
Whereas the number of supplementary cardholders increased by 0.004% or 62 compares to 1,564,948 cardholders as at 30th September 2014.
Total card billings for October is S$3.8964 billion with rollover balance of S$5.4248 billion, and S$26.4 million bad debts are written off in the month.

As of 30th September 2014, there are 8,196,165 of main cardholders and 1,564,948 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.26% or 21,604 compares to 8,174,561 cardholders as at 31st August 2014.
Whereas the number of supplementary cardholders decreased by 0.76% or 11,967 compares to 1,575,849 cardholders as at 31st August 2014.
Total card billings for September 2014 is S$3.8889 billion with rollover balance of S$5.4617 billion, and S$24.4 million bad debts are written off in the month.
Charge-off rate for third quarter 2014 stood at 5.4%.

As of 31st August 2014, there are 8,174,561 of main cardholders and 1,576,915 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.33% or 26,601 compares to 8,147,960 cardholders as at 31st July 2014.
Whereas the number of supplementary cardholders increased by 0.16% or 2,444 compares to 1,574,471 cardholders as at 31st July 2014.
Total card billings for August 2014 is S$3.5951 billion with rollover balance of S$5.4726 billion, and S$23.7 million bad debts are written off in the month.

As of 31st July 2014, there are 8,147,960 of main cardholders and 1,574,471 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.14% or 11,742 compares to 8,136,218 cardholders as at 30th June 2014.
Whereas the number of supplementary cardholders increased by 0.05% or 788 compares to 1,573,683 cardholders as at 30th June 2014.
Total card billings for July 2014 is S$3.6907 billion with rollover balance of S$5.3443 billion, and S$23.7 million bad debts are written off in the month.

As of 30th June 2014, there are 8,136,218 of main cardholders and 1,573,683 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.56% or 45,010 compares to 8,091,208 cardholders as at 31st May 2014.
Whereas the number of supplementary cardholders decreased by 0.19% or 2,929 compares to 1,576,612 cardholders as at 31st May 2014.
Total card billings for June 2014 is S$3.7351 billion with rollover balance of S$5.3570 billion, and S$22.7 million bad debts are written off in the month.
Charge-off rate for second quarter 2014 stood at 5.0%.

As of 31st May 2014, there are 8,091,208 of main cardholders and 1,576,612 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.28% or 22,853 compares to 8,068,355 cardholders as at 30th April 2014.
Whereas the number of supplementary cardholders increased by 0.007% or 114 compares to 1,576,498 cardholders as at 30th April 2014.
Total card billings for May 2014 is S$3.7350 billion with rollover balance of S$5.2183 billion, and S$21.0 million bad debts are written off in the month.

As of 30th April 2014, there are 8,068,355 of main cardholders and 1,576,498 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.60% or 48,390 compares to 8,019,965 cardholders as at 31st March 2014.
Whereas the number of supplementary cardholders increased by 0.11% or 1,662 compares to 1,574,836 cardholders as at 31st March 2014.
Total card billings for April 2014 is S$3.4957 billion with rollover balance of S$5.2998 billion, and S$21.6 million bad debts are written off in the month.

As of 31st March 2014, there are 8,019,965 of main cardholders and 1,574,836 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.33% or 26,075 compares to 7,993,890 cardholders as at 28th February 2014.
Whereas the number of supplementary cardholders increased by 0.04% or 551 compares to 1,574,285 cardholders as at 28th February 2014.
Total card billings for March 2014 is S$3.6819 billion with rollover balance of S$5.190 billion, and S$21.8 million bad debts are written off in the month.
Charge-off rate for first quarter 2014 stood at 4.7%.

As of 28th February 2014, there are 7,993,890 of main cardholders and 1,574,285 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.30% or 24,056 compares to 7,969,834 cardholders as at 31st January 2014.
Whereas the number of supplementary cardholders increased by 0.04% or 562 compares to 1,573,723 cardholders as at 31st January 2014.
Total card billings for February 2014 is S$3.1055 billion with rollover balance of S$5.5009 billion, and S$19.8 million bad debts are written off in the month.

As of 31st January 2014, there are 7,969,834 of main cardholders and 1,573,723 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.19% or 14,774 compares to 7,984,608 cardholders as at 31st December 2013.
Whereas the number of supplementary cardholders decreased by 0.01% or 213 compares to 1,573,936 cardholders as at 31st December 2013.
Total card billings for January 2014 is S$3.5684 billion with rollover balance of S$5.3556 billion, and S$20.6 million bad debts are written off in the month.

Credit cards in Singapore 2012-2013
In accordance to MAS credit and charge card statistics, there are 7,843,765 of main cardholders and 1,502,591 of supplementary cardholders in Singapore as at December 2012. As of December 2013, there are 7,984,608 of main cardholders and 1,573,936 of supplementary cardholders in Singapore.

This shown the number of main cardholders has jumped by 140,843 or 1.80% in 12 months. This is a much slower growth compares to 13.94% a year ago, which also reflect the effort by Singapore Government to curb the worrying growth of credit card debt in the country. On the other hand, the number of supplementary cardholders has increased by 71,345 or 4.75% in the same period.

Total card billings for 2012 is S$38.42 billion with rollover balance of S$4.99 billion. Whereas the total card billings for 2013 is at S$41.60 billion, with rollover balance of S$5.36 billion.
Overall, the total billing increased by 8.28%, and rollover balance increased by 7.41% compared to 9.91% a year ago.

Bad debts written off for Singapore credit and charge card in 2012 is S$226.6 million. In 2013 the bad debts written off has increased by 9.36% or S$21.2 million to S$247.8 million.
Charge-off rate in year 2013 is at 4.8%, similar to percentage in year 2012.

Monthly Statistics 2013
As of 31st January 2013, there are 7,909,788 of main cardholders and 1,506,411 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.84% or 66,023 compares to 7,843,765 cardholders as at 31st December 2012.
Whereas the number of supplementary cardholders increased by 0.25% or 3,820 compares to 1,502,591 cardholders as at 31st December 2012.
Total card billings for January 2013 is S$3.3936 billion with rollover balance of S$4.9702 billion, and S$18.8 million bad debts are written off in the month.

As of 28th February 2013, there are 7,956,872 of main cardholders and 1,510,314 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.60% or 47,084 compares to 7,909,788 cardholders as at 31st January 2013.
Whereas the number of supplementary cardholders increased by 0.26% or 3,903 compares to 1,506,411 cardholders as at 31st January 2013.
Total card billings for February 2013 is S$2.9532 billion with rollover balance of S$5.2272 billion, and S$19.3 million bad debts are written off in the month.

As of 31st March 2013, there are 7,587,805 of main cardholders and 1,506,270 of supplementary cardholders in Singapore.
The number of main cardholders decreased by 4.75% or 378,067 compares to 7,956,872 cardholders as at 28th February 2013.
Whereas the number of supplementary cardholders decreased by 0.27% or 4,044 compares to 1,510,314 cardholders as at 28th February 2013.
Total card billings for March 2013 is S$3.3512 billion with rollover balance of S$5.0659 billion, and S$19.9 million bad debts are written off in the month.
Charge-off rate for first quarter 2013 stood at 4.6%.

As of 30th April 2013, there are 7,644,187 of main cardholders and 1,512,961 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.74% or 56,382 compares to 7,587,805 cardholders as at 31st March 2013.
Whereas the number of supplementary cardholders increase by 0.44% or 6,691 compares to 1,506,270 cardholders as at 31st March 2013.
Total card billings for April 2013 is S$3.3341 billion with rollover balance of S$5.0213 billion, and S$20.4 million bad debts are written off in the month.

As of 31st May 2013, there are 7,697,048 of main cardholders and 1,519,657 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.69% or 52,861 compares to 7,644,187 cardholders as at 30th April 2013.
Whereas the number of supplementary cardholders increased by 0.44% or 6,696 compares to 1,512,961 cardholders as at 30th April 2013.
Total card billings for May 2013 is S$3.5712 billion with rollover balance of S$4.9934 billion, and S$22.6 million bad debts are written off in the month.

As of 30th June 2013, there are 7,796,154 of main cardholders and 1,529,554 of supplementary cardholders in Singapore.
The number of main cardholders increased by 1.29% or 99,106 compares to 7,697,048 cardholders as at 31st May 2013.
Whereas the number of supplementary cardholders increased by 0.65% or 9,897 compares to 1,519,657 cardholders as at 31st May 2013.
Total card billings for June 2013 is S$3.4764 billion with rollover balance of S$5.2824 billion, and S$21.1 million bad debts are written off in the month.
Charge-off rate for second quarter 2013 stood at 5.1%.

As of 31st July 2013, there are 7,848,602 of main cardholders and 1,542,899 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.67% or 52,448 compares to 7,796,154 cardholders as at 30th June 2013.
Whereas the number of supplementary cardholders increased by 0.87% or 13,345 compares to 1,529,554 cardholders as at 30th June 2013.
Total card billings for July 2013 is S$3.5453 billion with rollover balance of S$5.0802 billion, and S$21.3 million bad debts are written off in the month.

As of 31st August 2013, there are 7,882,252 of main cardholders and 1,545,885 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.43% or 33,650 compares to 7,848,602 cardholders as at 31st July 2013.
Whereas the number of supplementary cardholders increased by 0.19% or 2,986 compares to 1,542,899 cardholders as at 31st July 2013.
Total card billings for August 2013 is S$3.4163 billion with rollover balance of S$5.2250 billion, and S$19.2 million bad debts are written off in the month.

As of 30th September 2013, there are 7,919,683 of main cardholders and 1,548,154 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.47% or 37,431 compares to 7,882,252 cardholders as at 31st August 2013.
Whereas the number of supplementary cardholders increased by 0.15% or 2,269 compares to 1,545,885 cardholders as at 31st August 2013.
Total card billings for September 2013 is S$3.3936 billion with rollover balance of S$5.3159 billion, and S$19.8 million bad debts are written off in the month.
Total card billings for the nine months ended 30th September 2013 amounted to S$30.4301 billion. Charge-off rate for third quarter 2013 stood at 4.7%.

As of 31st October 2013, there are 7,963,852 of main cardholders and 1,551,042 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.56% or 44,169 compares to 7,919,683 cardholders as at 30th September 2013.
Whereas the number of supplementary cardholders increased by 0.19% or 2,888 compares to 1,548,154 cardholders as at 30th September 2013.
Total card billings for October 2013 is S$3.5763 billion with rollover balance of S$5.2714 billion, and S$20.6 million bad debts are written off in the month.

As of 30th November 2013, there are 7,980,481 of main cardholders and 1,550,854 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.21% or 16,629 compares to 7,963,852 cardholders as at 31st October 2013.
Whereas the number of supplementary cardholders decreased by 0.01% or 188 compares to 1,551,042 cardholders as at 31st October 2013.
Total card billings for November 2013 is S$3.6137 billion with rollover balance of S$5.3787 billion, and S$21.6 million bad debts are written off in the month.

As of 31st December 2013, there are 7,984,608 of main cardholders and 1,573,936 of supplementary cardholders in Singapore.
The number of main cardholders increased by 0.05% or 4,127 compares to 7,980,481 cardholders as at 30th November 2013.
Whereas the number of supplementary cardholders increased by 1.49% or 23,082 compares to 1,550,854 cardholders as at 30th November 2013.
Total card billings for December 2013 is S$3.9773 billion with rollover balance of S$5.3629 billion, and S$23.2 million bad debts are written off in the month.
Charge-off rate for fourth quarter 2013 stood at 5.0%.

Credit cards in Singapore 2011-2012
In accordance to MAS credit and charge card statistics, there are 6,883,993 of main cardholders and 1,450,282 of supplementary cardholders in Singapore as at December 2011. As of December 2012, there are 7,843,765 of main cardholders and 1,502,591 of supplementary cardholders in Singapore.

This shown the number of main cardholders has jumped by 959,772 or 13.94% in 12 months, about 2% faster growth than a year ago. On the other hand, the supplementary cardholders has increased by 52,309 or 3.48% in the same period.

Total card billings for 2011 is S$35.23 billion with rollover balance of S$4.54 billion. Whereas the total card billings for 2012 is at S$38.42 billion, with rollover balance of S$4.99 billion.
Overall, the total billing increased by 9.05%, and rollover balance increased by 9.91% compared to 13.25% a year ago.

Bad debts written off for Singapore credit and charge card in 2011 is S$186.7 million. In 2012 the bad debts written off has increased by an alarming 21.37% or S$39.9 million to S$226.6 million.
Charge-off rate in year 2012 has increased to 4.8% from 4.4% in year 2011.

Credit cards in Singapore 2010-2011
In accordance to MAS credit and charge card statistics, there are 6,141,870 of main cardholders and 1,378,817 of supplementary cardholders in Singapore as at December 2010. As of December 2011, there are 6,883,993 of main cardholders and 1,450,282 of supplementary cardholders in Singapore.

This shown the number of main cardholders has jumped by 742,123 or 12.08% in 12 months, about 1% slower growth than a year ago. On the other hand, the supplementary cardholders has increased by 71,465 or 5.18% in the same period.

Total card billings for 2010 is S$30.94 billion with rollover balance of S$4.01 billion. Whereas the total card billings for 2011 is at S$35.23 billion, with rollover balance of S$4.54 billion.
Overall, the total billing increased by 13.87%, and rollover balance increased by 13.25% compared to 8.11% a year ago.

Bad debts written off for Singapore credit and charge card in 2010 is S$181.9 million. In 2011 the bad debts written off has increased by 2.64% or S$4.8 million to S$186.7 million.
Charge-off rate in year 2011 has decreased to 4.4% from 4.7% in year 2010.

Credit cards in Singapore 2009-2010
In accordance to MAS credit and charge card statistics, there are 5,418,553 of main cardholders and 1,284,064 of supplementary cardholders in Singapore as at December 2009. As of December 2010, there are 6,141,870 of main cardholders and 1,378,817 of supplementary cardholders in Singapore.

This shown the number of main cardholders has jumped by 723,317 or 13.35% in 12 months, a faster rate compared to previous few years. This is inline with the recovery of global economy. On the other hand, the supplementary cardholders
has increased by 94,753 or 7.38% in the same period.

At the end of June 2011, there are 6,462,254 main cardholders, an increase of 320,384 or 5.22% in 6 months period compares to 6,141,870 in December 2010. Supplementary cardholders stood at 1,400,882 at the end of June 2011, an increase 22,065 or 1.6% compares to 6 months ago.

At the end of of October 2011, there are 6,765,772 main cardholders, an increase of 623,902 or 10.16% in 10 months period compares December 2010. Supplementary cardholders stood at 1,435,325 at the end of October 2011, an increase 56,508 or 4.1% compares to 10 months ago.

Total card billings for 2009 is S$26.03 billion with rollover balance of S$3.70 billion. Whereas the total card billings for 2010 is at S$30.94 billion, with rollover balance of S$4.0 billion.
Overall, the total billing increased significantly by 18.86%, and rollover balance increased by 8.11%.

Bad debts written off for Singapore credit and charge card in 2009 is S$183.9 million. In 2010 the bad debts written off has decreased by 1.09% or S$2.0 million to S$181.9 million.
Charge-off rate in year 2010 decreased to 4.6% from 5.2% in year 2009.

Credit cards in Singapore 2008-2009
In accordance to MAS credit and charge card statistics, there are 5,055,387 of main cardholders and 1,222,396 of supplementary cardholders in Singapore as at December 2008. As of December 2009, there are 5,418,553 of main cardholders and 1,284,064 of supplementary cardholders in Singapore.

This shown the number of main cardholders has jumped by 363,166 or 7.18% in 12 months, a slower rate compared to previous few years. This is expected due to global financial crisis where card issuers are more prudent and many old accounts are closed. On the other hand, the supplementary cardholders
has increased by 61,668 or 5.04% in the same period. As of October 2010, there are 6,022,786 main cardholders and 1,369,820 supplementary cardholders.

Total card billings for 2008 is S$25.66 billion with rollover balance of S$3.38 billion. Whereas the total card billings for 2009 is at S$26.03 billion, with rollover balance of S$3.70 billion.
Overall, the total billing increased marginally by 1.44%, and rollover balance increased by 9.47%.

Bad debts written off for Singapore credit and charge card in 2008 is S$115.4 million. In 2009 the bad debts written off increased by a whopping 59.36% or S$68.5 million to S$183.9 million.
This is the effect of global financial crisis which hit hard on the employment sector and the economy in 2009.

Charge-off rate in year 2009 has increased to 5.2% from 3.6% in year 2008.

Credit cards in Singapore 2007-2008
In accordance to MAS credit and charge card statistics, there are 4,471,517 of main cardholders and 1,174,595 of supplementary cardholders in Singapore as at December 2007.

As of December 2008, there are 5,055,387 of main cardholders and 1,222,396 of supplementary cardholders in Singapore.

This shown the number of main cardholders has jumped by 584,870 or 13.06% in 12 months, while the supplementary cardholders has increased by 47,801 or 4.07% in the same period.

Total card billings for 2007 is S$22.64 billion with rollover balance of S$2.98 billion. Whereas the total card billings for 2008 is at S$25.66 billion, with rollover balance of S$3.38 billion.
Overall, the total billing increased by 13.34%, and rollover balance increased by 13.42%.

Bad debts written off for Singapore credit and charge card in 2007 is S$108.9 million. In 2008 the bad debts written off increased by 5.97% to S$115.4 million. Charge-off rate in year 2008 has
decreased to 3.6% from 3.9% in year 2007. Charge-off rate for the year is defined as the bad debts written off during the year divided by the average rollover balance for the same year.