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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.
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How Risky is Australian Household Debt?
25 Aug 2020
RDP
2020-05
Similarly, Jordà , Schularick and Taylor (2013) and Mian, Sufi and Verner (2017) conclude that recessions preceded by rapid credit growth tend to be deeper than others, even when the financial sector ... Debt-servicing costs also include interest
https://www.rba.gov.au/publications/rdp/2020/2020-05/full.html
Stress Testing Household Debt
25 Aug 2020
RDP
2020-05
Debt-servicing costs also include interest payments on personal and credit card debt, and we assume households also repay 2 per cent of the principal on these additional loans each year. ... As an aside, the magnitude of this effect will vary across
https://www.rba.gov.au/publications/rdp/2020/2020-05/stress-testing-household-debt.html