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
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
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates – August 2015 | Financial Sector | Submissions
1 May 2012
Submissions
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates - August 2015
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/
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
Retail Payments Developments
9 Oct 2015
PSB Annual Report
– 2015
Within credit and charge cards, the combined market share of the three-party card schemes (American Express and Diners Club) was largely unchanged in 2014/15 at 19–20 per cent ... Fraud statistics for ‘scheme’ debit, credit and charge cards include
https://www.rba.gov.au/publications/annual-reports/psb/2015/retail-payments-developments.html
Trends in Retail Payments
2 Oct 2013
PSB Annual Report
– 2013
Within card-based payments, more transactions were typically made with debit cards than credit cards, except in Brazil, Hong Kong, Japan, Korea and Turkey. ... First, consumers can use credit cards and certain debit cards to purchase goods and services
https://www.rba.gov.au/publications/annual-reports/psb/2013/trends-in-ret-pay.html
Retail Payments Trends
24 Oct 2016
PSB Annual Report
– 2016
Within domestic online retail payments, credit cards remain the dominant payment method by value. ... Fraud statistics for ‘scheme’ debit, credit and charge cards include transactions through the international card schemes – MasterCard, Visa,
https://www.rba.gov.au/publications/annual-reports/psb/2016/retail-payments-trends.html
Trends in Retail Payments
12 Sep 2014
PSB Annual Report
– 2014
Within credit/charge cards, the combined shares of the four-party schemes (MasterCard and Visa) and three-party card schemes (American Express and Diners Club) were largely unchanged in 2013/14. ... Firstly, they can use credit cards and certain debit
https://www.rba.gov.au/publications/annual-reports/psb/2014/trends-in-ret-pay.html
Other Retail Payments Developments
2 Oct 2013
PSB Annual Report
– 2013
Typically, these cards have very high annual fees (averaging around $460) but more generous rewards than the platinum credit cards in the same card range. ... American Express companion cards are now a relatively standard feature on rewards credit card
https://www.rba.gov.au/publications/annual-reports/psb/2013/other-ret-pay-dev.html