Search: credit card
RBA Glossary definition for credit card
credit card – A credit card is a card whose holder has been granted a revolving credit line. The card enables the holder to make purchases and/or cash advances up to a pre-arranged limit. The credit granted can be settled in full by the end of a specified period or in part, with the balance taken as extended credit. Interest may be charged on the transaction amounts from the date of each transaction or only on the extended credit where the credit granted has not been settled in full.
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Domestic Financial Conditions
6 May 2021
SMP
– May 2021
The measures have also supported the availability of credit to households and businesses. ... Much of this reflects an increase in spending on credit cards alongside the recovery in economic conditions as restrictions to contain the virus were eased.
https://www.rba.gov.au/publications/smp/2021/may/domestic-financial-conditions.html
Box B: The Effect of Policy Rate Changes on Household Debt Servicing
10 Nov 2009
SMP
– November 2009
payments on credit cards, auto loans and other non-real estate related debt. ... sharp rise in the delinquency rate on credit card repayments that has led to an increase in charge-offs, which are almost 10 per cent of outstanding balances.
https://www.rba.gov.au/publications/smp/2009/nov/box-b.html
Domestic Financial Conditions
4 Feb 2022
SMP
– February 2022
Much of the decline in personal credit over the past six months has been driven by lower credit card debt, consistent with consumers having had reduced opportunities for spending during lockdowns. ... Six-month annualised. Sep 21. Dec 21. Jun 21. Dec 21.
https://www.rba.gov.au/publications/smp/2022/feb/domestic-financial-conditions.html
Domestic Financial Markets
10 Aug 2012
SMP
– August 2012
Rates on credit cards continue to be less sensitive to reductions in the cash rate. ... Since mid 2007, rates on credit cards have increased by around 4.5 percentage points, relative to the cash rate.
https://www.rba.gov.au/publications/smp/2012/aug/dom-fin-mkts.html
Policy Options | Review of Card System Access Regimes: A Consultation Document May 2013 | Consultations
28 May 2013
Consultations
It should be noted that regardless of the option chosen, the Banking Regulations 1966 would also have implications for whether entities that are not ADIs could participate in credit card systems ... For example, they could either include all entities
https://www.rba.gov.au/publications/consultations/201305-review-card-sys-access-regimes/policy-options.html
Consultation on Card System Access Regimes | Consultations
28 May 2013
Consultations
Consultation on Card System Access Regimes
https://www.rba.gov.au/publications/consultations/201305-review-card-sys-access-regimes.html
Dual-Network Cards and Mobile Wallet Technology: Consultation Paper - December 2016
7 Dec 2016
Consultations
PDF
524KB
https://www.rba.gov.au/publications/consultations/201612-dual-network-cards-and-mobile-wallet-technology/pdf/20161207-dual-network-cards-and-mobile-wallet-technology.pdf
Domestic Financial Markets
10 Feb 2011
SMP
– February 2011
Average variable rates on unsecured personal loans, credit cards and margin loans have increased by 25 basis points, while rates on home equity loans have increased by around 40 basis points. ... The modest growth in recent months was largely due to
https://www.rba.gov.au/publications/smp/2011/feb/dom-fin-mkts.html
The Operation of the Interchange Standards: Consultation Paper
28 Feb 2019
Consultations
PDF
990KB
Standard No.1 of 2016: The Setting of Interchange Fees in the Designated Credit Card Schemes and Net Payments to Issuers. ... the payment obligations of the Issuer of that Credit Card in relation to that acceptance;.
https://www.rba.gov.au/publications/consultations/201902-operation-of-the-interchange-standards/pdf/201902-operation-of-the-interchange-standards.pdf
Box B: Online Spending by Households
10 Feb 2011
SMP
– February 2011
On a monthly basis, the Bank collects data from financial institutions on the value of spending on debit and credit cards, with the data split into spending on these cards at ... Since 2005, the value of online spending on debit and credit cards has
https://www.rba.gov.au/publications/smp/2011/feb/box-b.html