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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.
Search Results
Method
11 Sep 2015
RDP
2015-01
and P and C are the estimated interest payments on personal and credit card debt, respectively. ... Losses are assumed to be borne in order of credit cards, other personal loans and mortgages; this puts downward pressure on LGDs for housing loans and
https://www.rba.gov.au/publications/rdp/2015/2015-01/method.html
Results
11 Sep 2015
RDP
2015-01
By product type, the rise in DAR was mostly driven by credit card and other personal lending (which are generally unsecured). ... Additionally, the assumption that interest rates on credit cards change one-for-one with the cash rate is unrealistic given
https://www.rba.gov.au/publications/rdp/2015/2015-01/results.html
Descriptive Statistics
11 Sep 2015
RDP
2015-01
The value of credit card and other personal loans as a share of household debt both fell slightly over the decade. ... 34.8. 35.0. 36.5. Total housing. 85.6. 85.9. 87.2. Credit card. 1.8.
https://www.rba.gov.au/publications/rdp/2015/2015-01/descriptive-statistics.html