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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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Domestic Financial Markets
10 Nov 2010
SMP
– November 2010
Credit card debt has been broadly unchanged over 2010. The weakness in margin lending, as well as an increase in the value of collateral (mainly equities) backing these margin loans has ... Reflecting this increase in deposits, the growth of broad money
https://www.rba.gov.au/publications/smp/2010/nov/dom-fin-mkts.html
Domestic Financial Markets
10 Aug 2011
SMP
– August 2011
Financial institutions' interest rates on most variable personal loans – including credit cards, home equity loans and margin loans – have remained little changed since the beginning of the year. ... Personal credit fell modestly over the June quarter
https://www.rba.gov.au/publications/smp/2011/aug/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2012
SMP
– November 2012
The value of outstanding personal credit fell slightly in the September quarter owing to a decline in revolving credit facilities, including credit card lending and lending secured by residential mortgages. ... Broad money growth has outpaced credit
https://www.rba.gov.au/publications/smp/2012/nov/dom-fin-mkts.html
Domestic Financial Markets
10 Aug 2010
SMP
– August 2010
unsecured personal loans, home equity loans, credit cards and margin loans. ... Business credit was little changed over the six months to June following falls throughout 2009.
https://www.rba.gov.au/publications/smp/2010/aug/dom-fin-mkts.html
Domestic Financial Markets
10 Feb 2009
SMP
– February 2009
Over the easing cycle, financial institutions' variable rates on low-rate credit cards and unsecured personal loans have fallen by 30–80 basis points. ... Rates on standard credit cards and margin loans have declined by 125–165 basis points.
https://www.rba.gov.au/publications/smp/2009/feb/dom-fin-mkts.html
Domestic Financial Markets
10 Aug 2009
SMP
– August 2009
Credit card lending has continued to slow as households focus upon repaying debt (Graph 70). ... Over the 12 months to June, there has been little growth in outstanding credit card balances.
https://www.rba.gov.au/publications/smp/2009/aug/dom-fin-mkts.html
Domestic Financial Markets
10 Feb 2013
SMP
– February 2013
This has been primarily driven by rates on personal credit cards, which are generally less sensitive to changes in the cash rate. ... Intermediated business credit fell by 0.3 per cent over the December quarter.
https://www.rba.gov.au/publications/smp/2013/feb/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2011
SMP
– November 2011
Housing credit grew at an annualised rate of 5.9 per cent over the September quarter. ... Credit card lending has also fallen slightly since early in 2011.
https://www.rba.gov.au/publications/smp/2011/nov/dom-fin-mkts.html
Domestic Financial Markets
10 May 2009
SMP
– May 2009
Financial institutions' average variable rates on unsecured personal loans, margin loans and standard credit cards have fallen by 60 to 90 basis points since end January, but average rates on ... Personal credit, which is a much smaller component of
https://www.rba.gov.au/publications/smp/2009/may/dom-fin-mkts.html
Domestic Financial Markets
10 Feb 2010
SMP
– February 2010
Average variable rates on unsecured personal loans and margin loans have increased by 50–55 basis points, while rates on home equity loans and credit cards have risen by 60–65 ... The contraction in business credit over recent quarters has been more
https://www.rba.gov.au/publications/smp/2010/feb/dom-fin-mkts.html