Search: credit card

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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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Opening Statement to the Senate Economics References Committee Inquiry into Matters Relating to Credit Card Interest Rates

27 Aug 2015 Speech
Malcolm Edey
Appearance by Malcolm Edey, Assistant Governor (Financial System), at the Inquiry into Matters Relating to Credit Card Interest Rates, before the Senate Economics References Committee, Sydney
https://www.rba.gov.au/speeches/2015/sp-ag-2015-08-27.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

Gresham's Law of Payments

23 Mar 2005 Speech
Ian Macfarlane
Speech by Ian Macfarlane to the Australasian Institute of Banking + Finance (AIBF) Industry Forum 2005, Sydney
https://www.rba.gov.au/speeches/2005/sp-gov-230305.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

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

Reform of the Payments System

2 Mar 2005 Speech
Philip Lowe
Speech by Philip Lowe to Visa International Australia and New Zealand Member Forum, Werribbee
https://www.rba.gov.au/speeches/2005/sp-ag-020305.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

Payments System Reform

24 Feb 2005 Media Releases
Announces that the Payments System Board decided to release draft standards for the EFTPOS and Visa Debit systems for public comment. The Board also considered the case for designating the American Express and Diners Club payments system, but
https://www.rba.gov.au/media-releases/2005/mr-05-02.html

Payments System Board – Novemember 2005

25 Nov 2005 Media Releases
Following a meeting of the Payment System Board on 22 November 2005, the Bank is gazetting a revised Standard to apply to the setting of interchange fees in the designated Bankcard, MasterCard and Visa credit card schemes in Australia. The new
https://www.rba.gov.au/media-releases/2005/mr-05-13.html