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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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FSR Developments in the Financial System
10 Sep 2008
FSR
– September 2008
most appropriate regulation of credit products, such as credit cards and personal loans. ... of all consumer credit (that is, personal loans, credit cards, pay day lending and micro loans), as well as for regulating mortgages, mortgage brokers, non-bank
https://www.rba.gov.au/publications/fsr/2008/sep/dev-sys-infra.html
Box C: Non-conforming Housing Loans
10 Mar 2005
FSR
– March 2005
Some of these are to borrowers who use their housing loans to consolidate numerous personal and credit card debts, while other borrowers may have fallen into arrears on their mortgage repayments ... As the level of credit impairment and loan-to-valuation
https://www.rba.gov.au/publications/fsr/2005/mar/box-c.html
Financial Intermediaries
10 Mar 2006
FSR
– March 2006
Competition has also intensified in the credit card market. It has been particularly vigorous in the ‘no frills’ segment of the market, with more than a dozen low-rate cards being ... The lowering of interest rates on credit cards has also prompted
https://www.rba.gov.au/publications/fsr/2006/mar/fin-intermed.html
Financial Intermediaries
10 Sep 2005
FSR
– September 2005
Competition and new product offerings are also affecting the margins that banks earn on personal lending, including those on credit cards. ... In particular, a number of credit card issuers now offer ‘low rate’ cards with interest rates in the 10 to
https://www.rba.gov.au/publications/fsr/2005/sep/fin-intermed.html
List of graphs
10 Sep 2004
FSR
– September 2004
Graph A1: Credit Card and Housing Loans Past Due. ... Graph A2: Credit Card Cash Advances.
https://www.rba.gov.au/publications/fsr/2004/sep/graphs.html
Domestic Regulatory Developments
8 Oct 2021
FSR
– October 2021
The CFR closely monitors credit conditions, with housing credit a focus in 2021. ... The Bank issued a consultation paper presenting preliminary conclusions in May 2021, which covered: issuance of dual-network debit cards and promotion of ‘least-cost
https://www.rba.gov.au/publications/fsr/2021/oct/regulatory-developments.html
Box C: Foreign-owned Banks in Australia
10 Mar 2007
FSR
– March 2007
credit in 1994, to around 13 per cent at the end of 2006. ... In personal lending, foreign-owned banks are most active in the credit card market, accounting for around 12 per cent of banks' domestic credit card balances outstanding.
https://www.rba.gov.au/publications/fsr/2007/mar/box-c.html
Financial Intermediaries
10 Sep 2006
FSR
– September 2006
Robust competition in personal lending, particularly credit cards, is also evident. ... An increasing number of lenders, including each of the five largest banks, have begun offering low-rate credit cards with interest rates between 9 and 13 per cent,
https://www.rba.gov.au/publications/fsr/2006/sep/fin-intermed.html
Financial Stability Review – September 2004
10 Sep 2004
FSR
- September 2004
https://www.rba.gov.au/publications/fsr/2004/sep/
The Global Financial Environment
10 Mar 2012
FSR
– March 2012
However, authorities continue to be concerned about the availability of credit for small businesses. ... incentives for households to repay principal on their mortgages and use debit cards rather than credit cards.
https://www.rba.gov.au/publications/fsr/2012/mar/global-fin-env.html