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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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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
Willingness to Pay for the Use of Credit Card Features
11 Sep 2015
RDP
2015-03
In line with expectations, the level of rewards rebate for a respondent's credit card has a positive effect on an individual's willingness to pay for credit cards. ... Two additional results are of interest. Premium card holders were found to be willing
https://www.rba.gov.au/publications/rdp/2015/2015-03/willingness-pay-use-credit-card-features.html
The Value of Payment Instruments: Estimating Willingness to Pay and Consumer Surplus
30 Mar 2015
RDP
2015-03
This paper draws on a survey of consumers' willingness to pay surcharges to use debit cards and credit cards, rather than cash. ... On average, consumers have a higher willingness to pay for the use of credit cards than debit cards.
https://www.rba.gov.au/publications/rdp/2015/2015-03.html
The Value of Payment Instruments: Estimating Willingness to Pay and Consumer Surplus
30 Mar 2015
RDP
2015-03
Research Discussion Paper – RDP 2015-03 The Value of Payment Instruments: Estimating Willingness to Pay and Consumer Surplus. Tai Lam and Crystal Ossolinski. March 2015 – ISSN 1448-5109 (Online). 1.24. MB. The Discussion Paper series is intended
https://www.rba.gov.au/publications/rdp/2015/2015-03/
Data
11 Sep 2015
RDP
2015-03
The detailed features of the credit cards were obtained from information on card issuers' websites. ... for the use of credits cards (provided they own a credit card) and separately, their willingness-to-pay range for the use of debit cards, both
https://www.rba.gov.au/publications/rdp/2015/2015-03/data.html
Appendix E: Model Regressors for Predictive Model
11 Sep 2015
RDP
2015-03
50. 51. 51. Debit card. 19. 29. 18. Debit card/credit card. ... Per cent of respondents. Debit card. Credit card. Predicted willingness to pay is:.
https://www.rba.gov.au/publications/rdp/2015/2015-03/appendix-e.html
Introduction
11 Sep 2015
RDP
2015-03
of debit or credit card payments may allow consumers to carry less cash. ... consumers place on two specific features of credit cards: interest rates and rewards programs.
https://www.rba.gov.au/publications/rdp/2015/2015-03/introduction.html
Conclusion
11 Sep 2015
RDP
2015-03
Several results are relevant for understanding the use of cash, debit cards and credit cards. ... However, the results suggest that consumers may not necessarily value credit card reward points at their full redemption value.
https://www.rba.gov.au/publications/rdp/2015/2015-03/conclusion.html
Appendix D: Log-normal Model for Willingness to Pay
11 Sep 2015
RDP
2015-03
Sample of credit card holders. Coefficient. Marginal effect. (a). Basis points. ... Card features. Rewards rebate (basis points). 0.01. 0.2. Interest rate (per cent).
https://www.rba.gov.au/publications/rdp/2015/2015-03/appendix-d.html
Appendix A: Demographics
11 Sep 2015
RDP
2015-03
65. 74. Owns a credit card. 59. 69. Sources: ABS; HILDA Release No 12.0; RBA data collected by Colmar Brunton.
https://www.rba.gov.au/publications/rdp/2015/2015-03/appendix-a.html