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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Box B: Competition in Household Lending in New Zealand and the United Kingdom
10 Mar 2006
FSR
– March 2006
More recently, some banks and other credit card issuers in the United Kingdom have begun to offer credit cards to borrowers with impaired credit histories, albeit at higher interest rates. ... Based on indicator rates, competition in the credit card
https://www.rba.gov.au/publications/fsr/2006/mar/box-b.html
Household and Business Finances
12 Apr 2019
FSR
– April 2019
More recently, the introduction of comprehensive credit reporting from September 2018 for credit cards is enabling banks to see more complete information on borrowers' credit and store card debts and limits. ... Since credit assessments are based on
https://www.rba.gov.au/publications/fsr/2019/apr/household-business-finances.html
List of tables
10 Mar 2006
FSR
– March 2006
Sources:ABS; APM; RBA; REIA; Residex. Table 4: Personal Credit. Per cent. Component. ... Fixed. 52.7. 11.9. 9.7. Credit card. 25.0. 17.0. 12.1. Non-credit card revolving.
https://www.rba.gov.au/publications/fsr/2006/mar/tables.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
List of tables
10 Sep 2007
FSR
– September 2007
March 2007, per cent. Share of banks'. total business credit. Year-ended growth. ... 0.6. 1. Credit card receivables. 0.5. 1. Other. 2.0. 3. Total.
https://www.rba.gov.au/publications/fsr/2007/sep/tables.html
Developments in the Financial System Architecture
20 Oct 2016
FSR
– October 2016
The PSB also determined that new interchange standards will keep the weighted-average interchange fee benchmark for credit cards at 0.50 per cent, but lower the benchmark for debit cards ... To address issues of competitive neutrality, interchange-like
https://www.rba.gov.au/publications/fsr/2016/oct/dev-fin-sys-arch.html
Credit Quality in the Australian Non-Government Bond Market
10 Mar 2004
FSR
– March 2004
Financial Stability Review – March 2004 Credit Quality in the Australian Non-Government Bond Market. ... As the range of mortgages securitised has broadened to include non-conforming loans, and other assets such as credit-card receivables have begun
https://www.rba.gov.au/publications/fsr/2004/mar/credit-quality-aus-non-gov-bond-mkt.html
Domestic Financial Conditions
10 Feb 2023
SMP
– February 2023
By contrast, growth in personal credit (4 per cent of total credit) increased slightly over the quarter, largely driven by increases in outstanding credit card balances and consistent with strong nominal ... Six-month annualised. Sep 22. Dec 22. Jun 22.
https://www.rba.gov.au/publications/smp/2023/feb/domestic-financial-conditions.html
Household and Business Finances
4 Oct 2019
FSR
– October 2019
The progressive expansion of Comprehensive Credit Reporting to cover mortgages, as well as credit cards, is unlikely to meaningfully reduce credit supply. ... More recently, the increased use of buy-now-pay-later services may be contributing to a decline
https://www.rba.gov.au/publications/fsr/2019/oct/household-business-finances.html
List of tables
10 Aug 2006
SMP
– August 2006
Home equity. 7.70. 0.25. – Margin loans. 8.50. 0.20. – Standard credit cards. ... 17.00. 0.25. – Low-rate/no-frills credit cards. 11.00. 0.10. Variable rates – small business.
https://www.rba.gov.au/publications/smp/2006/aug/tables.html