Search: credit card
Did you mean
credit cards?
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.
Search Results
Appendix B: Variable Definitions
31 Dec 2003
RDP
2003-08
household gross income (%). MORTGAGE DEBT = household mortgage repayments as a proportion of total weekly household disposable income (%). CREDIT CARDS = number of credit cards in the household. CREDIT CARD INTEREST = 1 if ... household pays interest on
https://www.rba.gov.au/publications/rdp/2003/2003-08/appendix-b.html
Understanding Constraints Better: A Model
31 Dec 2003
RDP
2003-08
0.2. Credit cards. 0.19. 1.2. 1 card. 2.3. Credit card interest. ... Figure 11: Marginal Effect of Credit Card Ownership. Predicted probability of being financially constrained.
https://www.rba.gov.au/publications/rdp/2003/2003-08/understanding-constraints-better-a-model.html
Conclusion
31 Dec 2003
RDP
2003-08
Partly offsetting this, rising mortgage repayments (as a share of income) and increasing credit card debt are predicted to have increased constraints.
https://www.rba.gov.au/publications/rdp/2003/2003-08/conclusion.html
Analysis and Implications
31 Dec 2003
RDP
2003-08
And while we cannot compare these figures to the total number of loans in 2001 as we have imperfect data on credit cards and personal loans, we can use the number
https://www.rba.gov.au/publications/rdp/2003/2003-08/analysis-and-implications.html