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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Competition and Efficiency
11 Nov 2004
PSB Annual Report
– 2004
Under this standard, the designated credit card schemes of Visa and MasterCard are not permitted to prohibit merchants from passing on the cost of accepting credit cards to customers that use ... One motivation for these arrangements from the banks'
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html
Merchant Service Fees for Credit Cards
14 Jul 2004
Bulletin
PDF
53KB
Effective endOctober 2003, the Bankcard, MasterCard andVisa credit card schemes have been requiredto set this fee in conformity with a benchmarkbased on the costs incurred by banks issuingcredit cards. ... Sources: RBA and schemes’ websites. Merchant
https://www.rba.gov.au/publications/bulletin/2004/jul/pdf/bu-0704-2.pdf
Box A: Credit Card Indicators
22 Sep 2004
FSR
PDF
118KB
Box A: Credit Card Indicators. Outstanding debt on credit cards accounts for about 3 per cent of the total debt owed by the household sector. ... Consistent aggregate data on credit card loans past due are only available from 2002.
https://www.rba.gov.au/publications/fsr/2004/sep/pdf/box-a.pdf
Competition and Efficiency
24 Mar 2003
PSB Annual Report
– 2002
cards. Credit card users are effectively ‘subsidised’, in the sense that they are charged less than the cost of the credit card payment services they use (or are even offered rebates ... in reforming debit card interchange fees at the same time as
https://www.rba.gov.au/publications/annual-reports/psb/2002/competition.html
The Personal Credit Card Market in Australia: Pricing over the Past Decade
14 Mar 2012
Bulletin
PDF
162KB
Reserve Bank of Australia Bulletin March Quarter 2012
https://www.rba.gov.au/publications/bulletin/2012/mar/pdf/bu-0312-7.pdf
Competition and Efficiency
1 Oct 2000
PSB Annual Report
– 2000
The study analysed interchange fee arrangements for ATM, credit cards and debit card payment networks separately. ... As far as the credit card network is concerned, the. Trade Practices Act 1974.
https://www.rba.gov.au/publications/annual-reports/psb/2000/competition.html
Competition and Efficiency
25 Sep 2003
PSB Annual Report
– 2003
Visa credit card schemes in Australia as payment systems subject to its regulation under the. ... APRA has also issued prudential guidance on risk management of credit card activities.
https://www.rba.gov.au/publications/annual-reports/psb/2003/competition.html
Other Retail Payments Developments
12 Sep 2014
PSB Annual Report
– 2014
The pricing of debit cards to consumers is less clear than credit cards because debit card services are generally bundled with a range of transaction and account services. ... While debit and credit cards remain a popular and widely accepted alternative
https://www.rba.gov.au/publications/annual-reports/psb/2014/other-ret-pay-dev.html
Merchant Service Fees and Market Shares for Credit and Charge Cards
10 Aug 2005
Bulletin
– August 2005
The Bank has been collecting data on the value and number of credit card transactions in Australia since 1984 and broadened the collection to include charge cards in 2002. ... The data show that around 83 per cent of the value of purchases on credit and
https://www.rba.gov.au/publications/bulletin/2005/aug/2.html
How Australians Pay: New Survey Evidence
16 Mar 2017
Bulletin
– March 2017
The Reserve Bank's 2016 Consumer Payments Survey showed that Australian consumers are increasingly using their debit or credit cards instead of paying in cash or writing cheques. While more and more small payments are being made with contactless
https://www.rba.gov.au/publications/bulletin/2017/mar/7.html