Taiwan's credit-card spending hit NT$1.73 trillion(US$57.66 billion)from last July to this June,based on the statistics compiled by Taiwan's Financial Supervisory Commission(FSC),which notes Taiwan's credit-card spending reached NT$1.67 trillion(US$55.66 billion)and NT$1.03 trillion(US$34.33 billion)in 2011 and the first seven months in 2012,respectively,with monthly credit-card spending in 2011 exceeding NT$130 billion(US$4.33 billion).So total credit-card spending in 2012 will likely outstrip the figure of last year.
Shin Kong Bank of Taiwan was recently authorized to issue VISA Infinite cards with credit limit exceeding NT$10 billion(US$33.33 million)as the first to do so in Asia Pacific.
Z.C.Lee,president of Shin Kong Bank,says,despite the flat global economy,average monthly spending on VISA Infinite cards reached NT$40,000-50,000(US$1,333-1,666),with over 3,000 people spending over NT$one million(US$33,333)on credit cards in Taiwan.
According to statistics compiled by FSC,Taiwan's average yearly credit-card spending is around NT$80,000(US$2666.66),versus NT$500,000 on VISA Infinite cards or almost sextuple the former.
Over NT$10 billion(US$33.33 million)was swiped on VISA Infinite cards and some 33,000 such cards were issued in Taiwan over the past year.
