The total number of personal credit cards in circulation was 383,246 at the end of June 2010, up 4.11% from three months ago. The numbers of Pataca (MOP) cards, Hong Kong Dollar (HKD) cards and Renminbi (RMB) cards were 307,620, 57,117 and 18,509 respectively. MOP cards, HKD cards and RMB cards witnessed respective increases of 4.47%, 1.72% and 5.69% quarter-to-quarter. Compared with a year earlier, RMB cards surged 109.35% while MOP cards and HKD cards grew 12.73% and 3.35% respectively. The introduction of MOP/RMB dual currency credit cards by local banks in the second half of 2009 largely accounted for the marked increase of RMB cards. As at the end of June 2010, credit card credit limit granted by banks in Macao amounted to MOP6.88 billion, up 3.37% from end-March 2010. Credit card receivables reached MOP1.13 billion while the rollover amount totalled MOP0.44 billion, accounting for 39.33% of credit card receivables. The delinquency ratio, i.e. the ratio of delinquent amount overdue for more than three months to credit card receivables, was 1.19%. In the second quarter of 2010, the credit card turnover decreased by 1.79% quarter-to-quarter to MOP1.78 billion. The cash advance turnover amounted to MOP0.12 billion, accounting for 6.60% of total credit card turnover. Credit card repayments, in which payments for interest and fees are included, dropped 12.38% from the previous quarter to MOP1.73 billion.
