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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Study of Interchange Fees and access in Debit and Credit Card Schemes Australian Competition and Consumer Commission and the Reserve Bank…
16 Sep 1999
Media Releases
Joint study into interchange fees for debit and credit cards, and membership criteria for credit cards
https://www.rba.gov.au/media-releases/1999/mr-99-accc.html
Joint Media Release: Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access
10 Oct 2000
Media Release
Joint Media Release Debit and Credit Card Schemes in Australia A Study of Interchange Fees and Access. ... aspect of the Australian payments system – the networks for ATMs, credit cards and debit cards.
https://www.rba.gov.au/media-releases/2000/jmr-rba-accc.html
Interchange Fees for the Bankcard, Mastercard and Visa Credit Card Schemes
31 Oct 2003
Media Releases
Credit card reform has resulted in interchange fees charged by Bankcard, MasterCard and Visa card schemes to be reduced to around a little over half of their previous level. The Reserve Bank is confident that competition will ensure that the new,
https://www.rba.gov.au/media-releases/2003/mr-03-14.html
Reform of Credit Card Schemes in Australia
19 Sep 2002
Media Releases
Visa International has today announced that it is mounting a legal challenge in the Federal Court to have the final reforms to credit card schemes in Australia overturned
https://www.rba.gov.au/media-releases/2002/mr-02-18.html
Payment Cards
8 Aug 2017
RDP
2017-04
Since the 2013 survey, the share of debit card payments has increased by slightly more than that of credit cards (6 percentage points compared with 3 percentage points). ... Figure 6: Why Hold a Credit Card? Most important reason, by age, 2016.
https://www.rba.gov.au/publications/rdp/2017/2017-04/payment-cards.html
See 11 more results from "RDP 2017-04"
Modelling Consumer Payment Behaviour for Australia
1 Jul 2009
RDP
2009-04
However, while cash and debit cards are held by almost all consumers, many do not have a credit card. ... These cards are aimed at revolver consumers, who represent around 34 per cent of credit card holders.
https://www.rba.gov.au/publications/rdp/2009/2009-04/modelling-consumer-payment-behaviour-australia.html
See 9 more results from "RDP 2009-04"
Private Net Costs
31 Dec 2014
RDP
2014-14
complimentary insurance) that credit cards offer (although this is before taking into account interest payments for customers who carry a balance on their credit card). ... For merchants, the private costs of credit cards are lower for card-present
https://www.rba.gov.au/publications/rdp/2014/2014-14/private-net-costs.html
See 13 more results from "RDP 2014-14"
Interchange Fees for the MasterCard and Visa Schemes
29 Sep 2006
Media Releases
Announcement of calculation of Interchange Fee Benchmarks for the MasterCard and Visa Schemes
https://www.rba.gov.au/media-releases/2006/mr-06-08.html
Promoting Competition in the Debit Card Market
21 Jun 2023
Media Releases
Mastercard and Visa have each given undertakings to the Reserve Bank that they will not engage in ‘tying conduct’ involving their debit and credit card products.
https://www.rba.gov.au/media-releases/2023/mr-23-15.html
Payments System Issues
5 Mar 2007
Media Releases
Decisions made at the 26 February 2007 meeting of the Payments System Board
https://www.rba.gov.au/media-releases/2007/mr-07-02.html