Soya Supersonic July 11, 2011 Share July 11, 2011 Wif so many dead bodies found lately, RadX muz be in the 42% growth segment. -------------------------------------------------------------------------------------------------------------------------- SINGAPORE: Latest figures from Credit Bureau Singapore (CBS) reveal that the high-end credit card segment has weathered economic downturn to expand by a third in the last two years. It's one of the fastest growing segments in the Singapore credit card market today. CBS figures show that the number of affluent cardholders in Singapore has expanded by 30 per cent from 2008 to 2010, and by 27 per cent from 2009 to 2010. In 2010, there were more than 23,000 affluent cardholders compared to just some 18,000 in 2009. These elite cardholders make up about 2 per cent of the credit card population. CBS used two criteria to define affluent cardholders: a total monthly credit card balance of S$10,000 or more, at least three times in the year; and full settlement of the balance immediately or by the next payment due date. CBS statistics also show that the wealthier the cardholder, the more rapid the growth of that cardholder segment. For instance, the big spenders with an average monthly card spend of more than S$40,000 grew by 44 per cent in 2010. Within the group with an average monthly balance of more than S$40,000, the super-affluent pie - cardholders who spent more than S$50,000 - shot up by 42 per cent, while the high spenders with a balance of S$44,000-50,000 grew by 48 per cent. CBS' study also threw light on the profile of these affluent cardholders: They are predominantly male, with females making up only 20 per cent of the elite group. The average age of an affluent cardholder is 46 years old. At 3.1, the affluent cardholder has a higher number of average banking relationships than the general population, which has 2.8 average credit card banking relationships. Mirroring the trend for mass market credit cardholders, affluent female cardholders are also less loyal than their male counterparts. They hold 3.7 banking relationships compared to the latter's 3. Responding to the findings, The credit bureau's executive director, William Lim, said the rise of the affluent cardholder segment is a result of the rapid growth of wealthy individuals in Singapore and the region in the last two years. It can also be attributed to banks pulling out all stops to court and serve this elite group with more creative credit card programmes and personalised services. The affluent and emerging affluent group thus represents strong growth potential for card issuers. - CNA/cc ↡ Advertisement Link to post Share on other sites More sharing options...
SimonTan 2nd Gear July 11, 2011 Share July 11, 2011 Spending $10,000 in a month.....and for at least 3 times in a year. So these 23,000 people swipe more than $30,000 in a year, the very least some more. Wow.....that is like half my yearly salary already. Really high end! Link to post Share on other sites More sharing options...
Jman888 Moderator July 11, 2011 Share July 11, 2011 can don't talk about money? talk gracious can? Link to post Share on other sites More sharing options...
Greatbirdlegend 1st Gear July 11, 2011 Share July 11, 2011 On 7/11/2011 at 5:47 AM, Soya said: Wif so many dead bodies found lately, RadX muz be in the 42% growth segment. -------------------------------------------------------------------------------------------------------------------------- CBS figures show that the number of affluent cardholders in Singapore has expanded by 30 per cent from 2008 to 2010, and by 27 per cent from 2009 to 2010. In 2010, there were more than 23,000 affluent cardholders compared to just some 18,000 in 2009. These elite cardholders make up about 2 per cent of the credit card population. CBS used two criteria to define affluent cardholders: a total monthly credit card balance of S$10,000 or more, at least three times in the year; and full settlement of the balance immediately or by the next payment due date. - CNA/cc Hmmm....maybe my maths is wrong but even if they expanded by 30% from '08 to '10 these elite cardholders still only makes up about 2% of the credit cards population? Which means it's really not that many? But have to say....really high spenders! Link to post Share on other sites More sharing options...
RadX Moderator July 11, 2011 Share July 11, 2011 Last year my total annual bill $80000...nb....i oso dunno wat i spend.... jialat...somwone say i haolian again..... but hor...these high end cards like infinite, ultima, good benefits. UOB for one every year send me...at my birthday about $1000 worth of vouchers and a nice cake..... Link to post Share on other sites More sharing options...
RadX Moderator July 11, 2011 Share July 11, 2011 On 7/11/2011 at 5:55 AM, Jman888 said: can don't talk about money? talk gracious can? yah lor....this Soya hor...sibei irritating...need to put him to sleep Link to post Share on other sites More sharing options...
Soya Supersonic July 11, 2011 Author Share July 11, 2011 On 7/11/2011 at 5:53 AM, SimonTan said: Spending $10,000 in a month.....and for at least 3 times in a year. So these 23,000 people swipe more than $30,000 in a year, the very least some more. Wow.....that is like half my yearly salary already. Really high end! actualli, swiping $30k a year is not uncommon. but the article says a growing number swipes more than $50k......a month!! Link to post Share on other sites More sharing options...
RadX Moderator July 11, 2011 Share July 11, 2011 but one thiung...never never rtoll over.....those who do really stoopid..... pay full!!! Link to post Share on other sites More sharing options...
RadX Moderator July 11, 2011 Share July 11, 2011 On 7/11/2011 at 5:57 AM, Soya said: actualli, swiping $30k a year is not uncommon. but the article says a growing number swipes more than $50k......a month!! aiyah downpayment for car lah....stooopid Link to post Share on other sites More sharing options...
Soya Supersonic July 11, 2011 Author Share July 11, 2011 On 7/11/2011 at 5:57 AM, RadX said: yah lor....this Soya hor...sibei irritating...need to put him to sleep basket....lislurb u not happy. gib u chance to haolian not happy. ok, i burn more stuff for u next mth. liddat happy or not? Link to post Share on other sites More sharing options...
RadX Moderator July 11, 2011 Share July 11, 2011 On 7/11/2011 at 5:59 AM, Soya said: basket....lislurb u not happy. gib u chance to haolian not happy. ok, i burn more stuff for u next mth. liddat happy or not? no nid...next month i get them to give me fresh from downstair....ie, FULL CASH cos they come up Link to post Share on other sites More sharing options...
RadX Moderator July 11, 2011 Share July 11, 2011 'BS' study also threw light on the profile of these affluent cardholders: They are predominantly male, with females making up only 20 per cent of the elite group'. cb like this oso call elite......walau....spoil my status oni Link to post Share on other sites More sharing options...
RadX Moderator July 11, 2011 Share July 11, 2011 spensing $50k a month easy $10k dp for car $10k dp for property $10k horliday to parees $20k buy diamond ring.. there...steady but when bill come.....ncbc Link to post Share on other sites More sharing options...
Soya Supersonic July 11, 2011 Author Share July 11, 2011 tokking to yourself again? Link to post Share on other sites More sharing options...
RadX Moderator July 11, 2011 Share July 11, 2011 On 7/11/2011 at 6:04 AM, Soya said: tokking to yourself again? of cos lah.....since you say spend $50k tough....easy...but bill to pay after that but seriusly some real rich hor...the way they spend...scary Link to post Share on other sites More sharing options...
Soya Supersonic July 11, 2011 Author Share July 11, 2011 On 7/11/2011 at 5:58 AM, RadX said: aiyah downpayment for car lah....stooopid eh goondu....the figs are average monthly spend, not one-off. Link to post Share on other sites More sharing options...
RadX Moderator July 11, 2011 Share July 11, 2011 (edited) On 7/11/2011 at 6:08 AM, Soya said: eh goondu....the figs are average monthly spend, not one-off. damn...that IS A LOT that is like 3x my salary Edited July 11, 2011 by RadX Link to post Share on other sites More sharing options...
Soya Supersonic July 11, 2011 Author Share July 11, 2011 On 7/11/2011 at 6:09 AM, RadX said: damn...that IS A LOT that is like 3x my salary u mean ur salary $50k/mth X 3? sibei haolian....... ↡ Advertisement Link to post Share on other sites More sharing options...
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