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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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Background | Review of Card Surcharging: A Consultation Document June 2011 | Consultations
7 Jun 2011
Consultations
Background. In 2003, the Reserve Bank began implementing reforms to the debit and credit card systems in Australia. ... Footnotes. The Standard titled Merchant Pricing for Credit Card Purchases and the Standard titled The ‘Honour All Cards’ Rule in
https://www.rba.gov.au/publications/consultations/201106-review-card-surcharging/background.html
Results
22 Jul 2020
RDP
2020-03
Lower financial literacy may also be correlated with the presence of consumer debts, such as credit cards, that may lower borrowers' ability-to-pay threshold (Disney and Gathergood 2013).
https://www.rba.gov.au/publications/rdp/2020/2020-03/results.html
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Innovation
1 Nov 1984
RDP
8402
FEDERAL RESERVE SYSTEM. “Bank Credit-Card and Check-Credit Plans”. A Federal Reserve System Report. , ... Federal Reserve System, Washington, 1968. FEDERAL RESERVE SYSTEM. “Credit Cards in the U.S.
https://www.rba.gov.au/publications/rdp/1984/8402/innovation.html
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Data
23 Dec 2016
RDP
2016-12
6.9. 0.0. 4.0. Fixed-rate business debt. 3.2. 0.0. 1.9. Credit cards. ... More than two-thirds of households hold some form of debt, but many hold only small amounts of debt (usually in the form of credit cards) and hence are still defined
https://www.rba.gov.au/publications/rdp/2016/2016-12/data.html
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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
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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
Introduction | Review of Card Surcharging: A Consultation Document June 2011 | Consultations
7 Jun 2011
Consultations
Introduction. The Payments System Board imposed the no-surcharge Standards – requiring the removal of no-surcharge scheme rules – on the MasterCard and Visa credit card systems effective from 1 January 2003 ... The removal of these rules has allowed
https://www.rba.gov.au/publications/consultations/201106-review-card-surcharging/introduction.html
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
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Appendix B: Variable Definitions
31 Dec 2003
RDP
2003-08
household gross income (%). MORTGAGE DEBT = household mortgage repayments as a proportion of total weekly household disposable income (%). CREDIT CARDS = number of credit cards in the household. CREDIT CARD INTEREST = 1 if ... household pays interest on
https://www.rba.gov.au/publications/rdp/2003/2003-08/appendix-b.html
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The ATM Market in Australia
31 Dec 2012
RDP
2012-03
card. Schwartz et al(2008) make an allowance for the issuer costs of credit card advances, which reflect the cost of the payment function for these transactions. ... If the costs of credit functions are included, the weighted-average card issuer cost is
https://www.rba.gov.au/publications/rdp/2012/2012-03/atm-mkt-australia.html
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