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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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Private Net Costs

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
complimentary insurance) that credit cards offer (although this is before taking into account interest payments for customers who carry a balance on their credit card). ... For merchants, the private costs of credit cards are lower for card-present
https://www.rba.gov.au/publications/rdp/2014/2014-14/private-net-costs.html

Resource Costs of Payments

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Table 5: Financial Institutions' Card Costs. Dollars per average-sized transaction. Credit cards. ... Regardless of which card network is used, credit cards are more resource intensive than debit card transactions.
https://www.rba.gov.au/publications/rdp/2014/2014-14/resource-costs-payments.html

The Evolution of Payment Costs in Australia

3 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
The consumer undertaking a transaction typically pays a small proportion of its cost; consumers face a similar cost for credit card payments as for debit card payments despite the higher cost ... of credit cards to the economy.
https://www.rba.gov.au/publications/rdp/2014/2014-14.html

Appendix B: Payment Activity in the Sample

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
The mix of credit and debit cards in the sample is similar to the aggregate card payment statistics for Australia as measured in the Retail Payments Statistics. ... Credit cards. Purchases. 1,586. 202,697. 128. 198. Cash advances. 22. 7,240.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-b.html

Appendix A: Additional Detailed Results

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Table A3: Financial Institutions' Credit Card Costs. Dollars per transaction, at average transaction value. ... Source: Authors' calculations based on survey data. Table A4: Merchants' Credit Card Costs.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-a.html

Conclusion

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Debit cards remain cheaper than credit cards, and cheques remain more expensive to society than any other payment method. ... Merchants continue to bear higher costs for credit card payments than debit card payments, and small merchants face
https://www.rba.gov.au/publications/rdp/2014/2014-14/conclusion.html

Introduction

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
On average, the private cost to consumers of using a credit card is similar to that for a debit card despite the higher resource costs incurred for credit card transactions. ... Although consumers pay fees to hold credit cards, they also receive
https://www.rba.gov.au/publications/rdp/2014/2014-14/introduction.html

References

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Polasik M, J Górka, G Wilczewski, J Kunkowski, K Przenajkowska, N Tetkowska (2013), ‘Time Efficiency of Point-of-Sale Payment Methods: Empirical Results for Cash, Cards and Mobile Payments’, in J ... Debit and Credit Card Schemes in Australia: A
https://www.rba.gov.au/publications/rdp/2014/2014-14/references.html

Appendix C: Costs for Consumers in Making Payments

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
monitor payments, such as the time used in reconciling debit and credit card statements with purchases. ... Cash and credit card transactions are estimated to cost $0.18 and $0.19 per transaction.
https://www.rba.gov.au/publications/rdp/2014/2014-14/appendix-c.html

Related Literature and Scope

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
In particular, this study considers the costs associated with cash, debit and credit cards, cheques, direct debit and BPAY payments. ... Recent innovations have included:. The transition from using the magnetic stripe on cards to using chips for the
https://www.rba.gov.au/publications/rdp/2014/2014-14/related-literature-scope.html