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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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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
The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
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/full.html
Appendix A: Survey Methodology
27 Nov 2023
RDP
2023-08
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. ... 24. 1.01. 4th. 26. 26. 1.01. Credit card ownership. (c). Yes.
https://www.rba.gov.au/publications/rdp/2023/2023-08/appendix-a.html
Other Payment Methods
27 Nov 2023
RDP
2023-08
This may partly reflect that consumers who are not eligible for a credit card may use a BNPL service instead. ... Figure 38: Credit Card Ownership by Age and BNPL Usage. Share of respondents with a credit card by age, 2022.
https://www.rba.gov.au/publications/rdp/2023/2023-08/other-payment-methods.html
Non-technical summary for ‘The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey’
27 Nov 2023
RDP
2023-08
Card payments made up the bulk of consumer payments, with debit cards accounting for half of all payments and credit cards another quarter in 2022 (Figure 1 below). ... Summary Figure 2: Contactless Card Payments. Share of number of in-person payments.
https://www.rba.gov.au/publications/rdp/2023/2023-08/non-technical-summary.html
Key Trends in Consumer Payments
27 Nov 2023
RDP
2023-08
In 2022, there were fewer consumers using cash exclusively and more that only used debit or credit cards (Figure 2). ... By contrast, credit cards and buy now, pay later (BNPL) services were valued more by consumers for large purchases than small
https://www.rba.gov.au/publications/rdp/2023/2023-08/key-trends-in-consumer-payments.html
Survey Overview
27 Nov 2023
RDP
2023-08
The information included:. the payment method – for example, debit card, credit card, cash or bank transfer. ... Participants were recruited to the survey to ensure that the sample was consistent with population benchmarks for age, sex, household income
https://www.rba.gov.au/publications/rdp/2023/2023-08/survey-overview.html
Online and Automatic Payments
27 Nov 2023
RDP
2023-08
Excludes payments over $9 999, transfers (payments to family and friends), transport cards and automatic payments. ... rent, phone and utility bills or digital service subscriptions), regular debt repayments (mortgage or credit card repayments) and
https://www.rba.gov.au/publications/rdp/2023/2023-08/online-and-automatic-payments.html