HK credit card receivables rebound 7.9% to $162.2b in Q4 2024

The combined delinquent and rescheduled ratio remained stable at 0.4% at the end of Q4.

Credit card lending receivables rose by 7.9% to HK$162.2b in Q4 2024, following a 0.6% decline to HK$150.3b in Q3, according to the latest survey.

This increase in Q4 reversed the 0.2% decrease recorded in Q2 and highlighted a recovery in credit card usage towards the end of the year.

The combined delinquent and rescheduled ratio remained stable at 0.4% at the end of Q4, slightly up from 0.39% at the end of Q2, indicating stable credit quality despite higher receivables.

The quarterly charge-off ratio held steady at 0.57% in Q4, unchanged from Q3, suggesting consistent levels of write-offs throughout the year.

The rollover ratio, representing borrowing behavior where cardholders made only minimum payments, decreased slightly to 16.9% in Q4, down from 17.7% in Q3, despite a higher rollover amount of HK$27.35b.