Taiwan’s credit card balances up 0.88% in Nov 2024

Monthly write-offs rose whilst the amount of undue balance fell.

Credit card balance in Taiwan rose 0.88% month-on-month (MoM) in November 2024 to nearly $3.49b (NT$114.3b), according to data from the Financial Supervisory Commission (FSC) released in January 2025.

The amount of undue balance of installment was approximately $5.96b (NT$195.5b) over the same period, falling by 3.46% MoM compared to October 2024.

Monthly write-off was approximately NT$ 0.68b, rising 1.49% MoM from the NT$0.67b a month earlier.

The average ratio of delinquency credit—pass-due over three months— against account receivables, including non-accrual amounts, stayed the same at 0.29%.

As of November 2024, there are 38.91 million total active cards issued by 32 credit card institutions in Taiwan, and 58.62 million total effective cards.