“Credit Card Performance Drops in April 2023 Due to Tax Declaration Factors”

Reporter Zhou Xianbai reports

Affected by tax declaration factors, private consumption power is weak, coupled with the impact of delayed crediting, credit card performance has dropped sharply. In April, the amount of credit card spending fell below 290 billion yuan, a sharp decrease of nearly 58 billion yuan from March, which was the second lowest level since October last year (2022). The card issuance performance also dropped sharply to 695,000, mainly because the replacement period for Cathay United CUBE cards has passed, and Taipei Fubon has risen to become the “King of Card Issuers”.

The kinetic energy of card swiping is weak, and the total transaction amount is reduced by 580 per month100 million
According to the statistics of credit cards in previous years, under the impact of tax payment, the kinetic energy of card swiping was mostly weak in April and May. This (2023) April will not break the market trend, and the two-day performance at the end of the month will be postponed to May. As a result, the amount of spending was only 289 billion yuan, which was a heavy drop of 57.9 billion yuan compared with 346.9 billion yuan in March, a monthly decrease of 16.69%. However, compared with 239.2 billion yuan in the same period last year, it rose by 49.8 billion yuan, an annual growth rate More than 20%, reaching 20.81%. The accumulative card swiping volume in the first 4 months reached 1.22 trillion yuan, fueling the firewood for breaking the 4 trillion mark this year.

The battle between the two heroes continues to entangle Cathay World Hualian 9monthly credit card king
Almost all of the 32 card issuers were wiped out, and the amount of transactions decreased compared with March. Cathay United World China continued to occupy the throne of “Card Issuing King” with 49.984 billion yuan, but the monthly reduction of 14.3 billion yuan was also the highest in the industry; China Trust earned 47.839 billion yuan, ranking second firmly; The accounts are all above 30 billion yuan, followed by Yushan Bank (37.424 billion yuan), Taishin Bank (30.283 billion yuan) and Taipei Fubon (30.015 billion yuan).

Observing the battle between the top two credit cards, the amount of credit card swiping both reached the 200 billion yuan mark from January to April, and Cathay United World China reached 214.4 billion yuan, a sharp increase of 48.8 billion yuan from 165.6 billion yuan in the same period last year, and an annual growth of nearly 30%; In the first four months of the year, China Trust’s income was 201.3 billion yuan, which was 41.5 billion yuan more than the 159.8 billion yuan in the same period last year. The annual growth rate exceeded 25%, and it was only 13.1 billion yuan behind Cathay United. At the same time, the “buzzer” turned defeat into victory.

Taipei Fubon re-launched as card issuer CUBEThe card replacement operation is over
In April, the number of new cards issued dropped sharply from 1.563 million in March to 695,000, and there was a big change in the ranking of card issuance. The bidding for Taipei Fubon COSTCO co-branded cards was in full swing. In April, the number of cards issued was 260,215. The “Card Issuing King” is the king again after 2 and a half years after November 2020. It is expected that the COSTCO card andFubon J CardWith the blessing of , you can drive “Turbo” all the way and continue to lead the industry.

Except for Taipei Fubon, none of the other banks can exceed the barrier of 100,000 cards. China Trust ranked second with 97,345 cards issued, and the main card isCNPC co-branded card、ALL ME cardand Line Pay cards; Cathay United (62,183 cards) has finished reissuing CUBE cards and relegated to third place;Yushan BankFacing the crisis of changing owners of the Carrefour co-branded card, coupled with the slowdown in the issuance of the Star Star Airlines card, it ranked fourth with 58,771 cards issued in a single month;Taishin Bank(51,140 cards) The main rose giving card and the double dog card kept the fifth place.

The TOP 10 new credit card issuances in April 2023 are as follows:

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