In 2005, there were about 4.45 million cards.
In January 2008, the number jumped to 5.72million.
The average spending per month of credit card-holders is rising:
from $3,755 in 2005
to $4,272 2997
figures from the Credit Bureau (Singapore) show.
Last December, the total amount of 'rollover' credit debt - when a card holder pays only the minimum allowed every month, carrying over the remainder to the following month - also hit a new high, crossing $3 billion for the first time.
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