You are here

Idle credit cards in Asia prompt banks' overhaul

CHANGING THE WAY BANKS COMPETE: In Asia more than elsewhere, consumers are increasing card spending while jettisoning some of their plastic so it no longer makes sense for banks to issue multiple credit-card products to maximise usage.

Hong Kong

FREE rice cookers and suitcases were among the special deals that tempted Chiu Wing-suet into accumulating her 20 credit cards, many of which are crammed into her wallet. She's unlikely to accept any more such offers.

"I've come to realise that most of my cards are