Search: credit card
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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Study of Interchange Fees and access in Debit and Credit Card Schemes Australian Competition and Consumer Commission and the Reserve Bank…
16 Sep 1999
Media Releases
Joint study into interchange fees for debit and credit cards, and membership criteria for credit cards
https://www.rba.gov.au/media-releases/1999/mr-99-accc.html
Reform of Credit Card Schemes in Australia
19 Sep 2003
Media Releases
Announces that the RBA welcomes today's decision by the Federal Court which dismissed an application by Visa International and MasterCard International challenging credit card reforms. The Court's decision clears the way for the final implementation
https://www.rba.gov.au/media-releases/2003/mr-03-12.html
Joint Media Release: Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access
10 Oct 2000
Media Release
Joint Media Release Debit and Credit Card Schemes in Australia A Study of Interchange Fees and Access. ... aspect of the Australian payments system – the networks for ATMs, credit cards and debit cards.
https://www.rba.gov.au/media-releases/2000/jmr-rba-accc.html
Payments System
4 Jan 2024
Overview of the Australian Payments System
https://www.rba.gov.au/payments-and-infrastructure/payments-system.html
Consumer Credit and Household Finances
10 Jun 1999
Bulletin
– June 1999
Debt outstanding on bank-issued credit cards has also grown strongly (Graph 4). ... Growth in credit card debt has been concentrated in credit cards with an interest-free period, suggesting that users are not seeking longer-term finance to make purchases
https://www.rba.gov.au/publications/bulletin/1999/jun/2.html
Regulatory Framework | Credit Cards
9 Mar 2023
remove restrictions that require merchants to accept the debit cards of a scheme if they accept that scheme's credit cards and. ... From 1 January 2022, the designated credit card systems – Mastercard and Visa – will be required to publish
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/regulatory-framework.html
Opening Statement to the Senate Economics References Committee Inquiry into Matters Relating to Credit Card Interest Rates
27 Aug 2015
Speech
Appearance by Malcolm Edey, Assistant Governor (Financial System), at the Inquiry into Matters Relating to Credit Card Interest Rates, before the Senate Economics References Committee, Sydney
https://www.rba.gov.au/speeches/2015/sp-ag-2015-08-27.html
Payment Cards
8 Aug 2017
RDP
2017-04
Since the 2013 survey, the share of debit card payments has increased by slightly more than that of credit cards (6 percentage points compared with 3 percentage points). ... Figure 6: Why Hold a Credit Card? Most important reason, by age, 2016.
https://www.rba.gov.au/publications/rdp/2017/2017-04/payment-cards.html
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Regulatory Decisions | Credit Cards
9 Mar 2023
Links to regulations decisions relating to Credit Cards
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/regulatory-decisions.html
Interchange Fees for the Bankcard, Mastercard and Visa Credit Card Schemes
31 Oct 2003
Media Releases
Credit card reform has resulted in interchange fees charged by Bankcard, MasterCard and Visa card schemes to be reduced to around a little over half of their previous level. The Reserve Bank is confident that competition will ensure that the new,
https://www.rba.gov.au/media-releases/2003/mr-03-14.html