Singapore, Dec. 17 -- Singapore's credit card debt has exceeded 9.07 billion SGD (about 7 billion USD) in 2025's third quarter, a 10-year high that was last seen in 2014.
According to the Singapore Department of Statistics (SingStat), unpaid rollover balances which are carried over to the next month has steadily risen from 5.14 billion SGD in the second quarter of 2021. Any amount on a credit card bill that is not paid in full before the due date is rolled over to the next bill, with interest charged.
Experts attributed the worrying trend to factors like people not spending within their means, consumer culture emphasising prestige items, and easier access to credit like "buy now, pay later" services.
Analysts said this can be a hint of g...