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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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Credit Loss Modelling

20 Sep 2022 RDP 2022-03
Nicholas Garvin, Samuel Kurian, Mike Major and David Norman
3.3 Other portfolios. For personal loans (including credit cards), unemployment is the main determinant of the ability of households to service debt obligations and, thus, probability of default (Banerjee and ... Indicative of this, there has
https://www.rba.gov.au/publications/rdp/2022/2022-03/credit-loss-modelling.html

References

20 Sep 2022 RDP 2022-03
Nicholas Garvin, Samuel Kurian, Mike Major and David Norman
Banerjee P and JJ Canals-Cerdá (2012), ‘Credit Risk Analysis of Credit Card Portfolios under Economic Stress Conditions’, Federal Reserve Bank of Philadelphia Working Paper No 12-18. ... Bellotti T and J Crook (2013), ‘Forecasting and Stress
https://www.rba.gov.au/publications/rdp/2022/2022-03/references.html

Appendix A: Model Specifications

20 Sep 2022 RDP 2022-03
Nicholas Garvin, Samuel Kurian, Mike Major and David Norman
For example, within the asset class ‘credit cards’, there may be various subtypes of credit cards debt, but none of those subtypes can be defined as asset classes, or there would ... Business credit line drawdown ($). Derived. Write-off. Write-offs ($
https://www.rba.gov.au/publications/rdp/2022/2022-03/appendix-a.html

Macrofinancial Stress Testing on Australian Banks

20 Sep 2022 RDP 2022-03
Nicholas Garvin, Samuel Kurian, Mike Major and David Norman
Indicative of this, there has historically been a tight relationship between the unemployment rate and credit card loss rates during stress events in many advanced countries (Bellotti and Crook 2013). ... The distribution of these new assets across
https://www.rba.gov.au/publications/rdp/2022/2022-03/full.html

Capital and Asset Growth

20 Sep 2022 RDP 2022-03
Nicholas Garvin, Samuel Kurian, Mike Major and David Norman
The distribution of these new assets across various loan portfolios (housing loans, business loans, credit card loans, etc) is also assumed to be consistent with banks' current portfolio allocation. ... unchanged, but rather because we want to avoid
https://www.rba.gov.au/publications/rdp/2022/2022-03/capital-and-asset-growth.html