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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4 April 2023 | Minutes of the Monetary Policy Meeting of the Board
18 Apr 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 April 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-04-04.html
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
5 October 2010 | Minutes of the Monetary Policy Meeting of the Board
19 Oct 2010
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 October 2010
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2010/05102010.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
List of tables
10 May 2008
SMP
– May 2008
Personal loans. Margin loans. 10.40. 0.74. 1.44. Standard credit cards. 19.38. ... 0.81. 1.59. Low-rate credit cards. 12.54. 0.77. 1.37. Unsecured term loans.
https://www.rba.gov.au/publications/smp/2008/may/tables.html
7 July 2009 | Minutes of the Monetary Policy Meeting of the Board
21 Jul 2009
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 July 2009
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2009/07072009.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 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
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
3 November 2020 | Minutes of the Monetary Policy Meeting of the Board
17 Nov 2020
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 November 2020
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2020/2020-11-03.html