Citibank expects single-digit growth in the credit card market in Hong Kong for the second half of the year. But Li expected credit card sales will pick up to record a single-digit growth in the second half of the year thanks to the easing of the Covid and the positive effect of the latest round of the consumption voucher program. This came as Citibank, HKT's (6823) loyalty program The Club and Mastercard yesterday announced the official launch of Citi The Club Credit Card, which offers spending rebates of up to 4 percent. The new card had a soft launch in April, with 60 percent of applicants aged between 30 and 45. "Certainly for Standard Chartered bank, the cost would be much greater than the benefit.

Source: The Standard May 25, 2022 01:19 UTC