Is the credit card market in Sg saturated?
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Is it or is it not?
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dun care. i bo lui anyways.
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what is ur meaning of saturated?Originally posted by mercu:Is it or is it not?
Diff people may have diff meaning / understanding.
In my opinion, how can it be when
1) not everyone has a credit card yet.
2) even if everyone has 1 card, still can have many other banks card right?
3) the same bank have 5 type of different credit card...
So, unless everyone has ALL the cards from all banks in singapore, then i consider saturated
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There aren't many credit cards in the market to begin with and of these few, it seems only VISA and MASTERCARD have managed to maintain their reputations with investments in card security and forgery. American Express has dipped significantly to such an extent that many shopowners and restaurants refuse to accept it.
In the past, credit cards vied for monopoly. Now, it looks like banks which are competing for a slice of the pie.
On one hand they promote credit and debit cards, on the other they offer others...the DBS ladies card for example (men dun get it?)
Saturation? there wasn't much variety for consumers in the first place.