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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Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases
9 Oct 2018
RDP
2018-11
Research Discussion Paper – RDP 2018-11 Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases. ... debt, households, interest rates, money, payments. The credit card market offers consumers a wide range of options when choosing a card.
https://www.rba.gov.au/publications/rdp/2018/2018-11.html
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Appendix C: Credit Card Holding and Rewards Program Membership
11 Sep 2015
RDP
2015-03
RDP 2015-03: The Value of Payment Instruments: Estimating Willingness to Pay and Consumer Surplus Appendix C: Credit Card Holding and Rewards Program Membership. ... Holds a credit card. Member of rewards program. Coefficient. Marginal effect.
https://www.rba.gov.au/publications/rdp/2015/2015-03/appendix-c.html
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Credit and Charge Cards
20 Sep 2005
PSB Annual Report
– 2005
cards. Imposing a charge allows them to accept credit cards, with the customer then free to choose whether the value they receive from using the card exceeds the cost of doing ... than twice that on debit cards, reflecting the larger average value of a
https://www.rba.gov.au/publications/annual-reports/psb/2005/credit.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
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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
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Reform of Card Payment Systems
26 Sep 2006
PSB Annual Report
– 2006
This has encouraged some card issuers to focus more on attracting customers who use their credit cards to borrow, by offering them lower interest rates. ... Scheme debit, however, had a competitive advantage over EFTPOS because merchants were forced to
https://www.rba.gov.au/publications/annual-reports/psb/2006/reform-card.html
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
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Card Payment Systems
13 Sep 2007
PSB Annual Report
– 2007
They then fell to around 0.55 per cent when the credit card reforms were introduced. ... Competition authorities in a number of countries have also taken action against the credit card schemes.
https://www.rba.gov.au/publications/annual-reports/psb/2007/card-payments.html
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
Competition and Efficiency
21 Mar 2002
PSB Annual Report
– 2001
the international card schemes (MasterCard and Visa) have regulations that prevent merchants recovering from cardholders the cost of accepting credit cards; and. ... Recent data show that, from a merchant's perspective, credit card transactions cost
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html