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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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Payment Cards
14 Sep 2020
RDP
2020-06
The decline in the popularity of credit cards compared to debit cards is consistent with changes in consumers' perceptions of the benefits of holding a credit card. ... All card payments. 3.9. Credit cards. 5.0. Debit cards. 3.4. Reward cardholder status.
https://www.rba.gov.au/publications/rdp/2020/2020-06/payment-cards.html
Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
The decline in the popularity of credit cards compared to debit cards is consistent with changes in consumers' perceptions of the benefits of holding a credit card. ... All card payments. 3.9. Credit cards. 5.0. Debit cards. 3.4. Reward cardholder status.
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
Many people now tap their cards (or sometimes phones) even for small purchases. ... When paying with a card in person or online, consumers are more often choosing to use a debit card rather than a credit card.
https://www.rba.gov.au/publications/rdp/2020/2020-06.html
Appendix A: Survey Methodology
14 Sep 2020
RDP
2020-06
A full list of debit and credit cards held by the respondent was collected, with the respondent also identifying their primary debit and credit card. ... 26. 0.87. 4th. 26. 24. 1.04. Credit card ownership. (c). Yes.
https://www.rba.gov.au/publications/rdp/2020/2020-06/appendix-a.html
Cash
14 Sep 2020
RDP
2020-06
g. widespread acceptance of contactless card payments). As discussed below, debit cards are displacing cash for more and more consumer payments, with an increasing share of people exclusively using debit cards ... The fall in ATM withdrawals was greater
https://www.rba.gov.au/publications/rdp/2020/2020-06/cash.html
Innovation in Payments
14 Sep 2020
RDP
2020-06
An example of this is the use of linked debit or credit cards to fund instalment payments for purchases made with BNPL services. ... a debit or credit card on the terminal rather than a specific transport card.
https://www.rba.gov.au/publications/rdp/2020/2020-06/innovation-in-payments.html
Online and Automated Payments
14 Sep 2020
RDP
2020-06
Within the figures for cards, the share of online payments made using a debit card increased by 9 percentage points between 2016 and 2019 (to 29 per cent) while the credit ... rent, phone and utility bills or digital service subscriptions), regular debt
https://www.rba.gov.au/publications/rdp/2020/2020-06/online-and-automated-payments.html
Key Trends in Consumer Payments
14 Sep 2020
RDP
2020-06
Overall, payment cards – debit and credit cards combined – were used for 63 per cent of the number of consumer payments in 2019, compared with 52 per cent three years earlier (Table ... Footnotes. In the 2016 CPS, debit and credit cards combined were
https://www.rba.gov.au/publications/rdp/2020/2020-06/key-trends-in-consumer-payments.html
References
14 Sep 2020
RDP
2020-06
Doyle M-A (2018), ‘Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases’, RBA Research Discussion Paper No 2018-11. ... Occhiutto K (2020), ‘The Cost of Card Payments for Merchants’, RBA Bulletin, March, viewed 27 August 2020.
https://www.rba.gov.au/publications/rdp/2020/2020-06/references.html
Survey Overview
14 Sep 2020
RDP
2020-06
if they tapped or inserted their card, made a payment using an app) and the type of merchant. ... for age, sex, household income, state of residence, credit card ownership and internet access (where necessary, the Reserve Bank weighted responses to align
https://www.rba.gov.au/publications/rdp/2020/2020-06/survey-overview.html