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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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Valuing Safety and Privacy in Retail Central Bank Digital Currency
11 Apr 2024
RDP
2024-02
This is one of the main value propositions of a CBDC, since money issued by the RBA has no credit risk. ... by age, sex, income, location, household internet access, and credit card usage.
https://www.rba.gov.au/publications/rdp/2024/2024-02/full.html
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Card Payments
27 Nov 2023
RDP
2023-08
The increase in card usage over the last decade has reflected greater use of both debit and credit cards. ... 2019. 2022. All card payments. 4.7. 7.3. Credit cards. 5.5. 7.3.
https://www.rba.gov.au/publications/rdp/2023/2023-08/card-payments.html
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Do Australian Households Borrow to Keep up with the Joneses?
10 Nov 2022
RDP
2022-06
7,631. 7,631. 7,631. 7,631. Non-mortgage. Credit card. Hire purchase. Car. Business. ... 7,646. 7,646. 7,646. 7,646. 7,646. Non-mortgage. Credit card. Hire purchase. Car.
https://www.rba.gov.au/publications/rdp/2022/2022-06/full.html
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Credit Loss Modelling
20 Sep 2022
RDP
2022-03
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
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Is the Phillips Curve Still a Curve? Evidence from the Regions
31 Aug 2021
RDP
2021-09
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html
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Non-technical summary for ‘The Role of Collateral in Borrowing’
20 Jan 2021
RDP
2021-01
Uncollateralised loans – for example, credit cards – involve no pledged security, so the lender has more to lose if the borrower defaults. ... As well as mortgages and credit cards, banks also frequently make collateralised and uncollateralised loans
https://www.rba.gov.au/publications/rdp/2021/2021-01/non-technical-summary.html
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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
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How Risky is Australian Household Debt?
25 Aug 2020
RDP
2020-05
Similarly, Jordà, Schularick and Taylor (2013) and Mian, Sufi and Verner (2017) conclude that recessions preceded by rapid credit growth tend to be deeper than others, even when the financial sector ... Debt-servicing costs also include interest
https://www.rba.gov.au/publications/rdp/2020/2020-05/full.html
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Results
22 Jul 2020
RDP
2020-03
Lower financial literacy may also be correlated with the presence of consumer debts, such as credit cards, that may lower borrowers' ability-to-pay threshold (Disney and Gathergood 2013).
https://www.rba.gov.au/publications/rdp/2020/2020-03/results.html
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Where's the Money? An Investigation into the Whereabouts and Uses of Australian Banknotes
1 Dec 2018
RDP
2018-12
Data from the CPS show a steady shift away from cash as a means of payment over the past decade, driven by an increasing use of cards (credit and debit) to ... debit and credit card payments; and. banknote lodgements at cash depots.
https://www.rba.gov.au/publications/rdp/2018/2018-12/full.html
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