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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Access Regime and Standards | Reform of the EFTPOS and Visa Debit Systems in Australia: Final Reforms and Regulation Impact Statement
9 Mar 2023
Neither the rules of the Scheme, nor any participant in the Visa Debit system, or the Visa credit card system, may require a merchant to accept Visa Debit cards as a ... Likewise, neither the rules of the Scheme, nor any participant in the Visa Debit
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/impact-stmt-apr06/access-regime.html
Promoting Competition in the Debit Card Market
21 Jun 2023
Media Releases
Mastercard and Visa have each given undertakings to the Reserve Bank that they will not engage in ‘tying conduct’ involving their debit and credit card products.
https://www.rba.gov.au/media-releases/2023/mr-23-15.html
Box A: Credit Card Indicators
22 Sep 2004
FSR
PDF
118KB
Box A: Credit Card Indicators. Outstanding debt on credit cards accounts for about 3 per cent of the total debt owed by the household sector. ... Consistent aggregate data on credit card loans past due are only available from 2002.
https://www.rba.gov.au/publications/fsr/2004/sep/pdf/box-a.pdf
Reform of Credit Card Schemes in Australia: III Submissions Received (Volume 2)
9 Mar 2023
Listing of chapters contained in the Reserve Bank's Reform of Credit Card Schemes in Australia: III Submissions Received (Volumne 2)
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/iii-submissions-vol2/
Reform of Credit Card Schemes in Australia: III Submissions Received (Volume 1)
9 Mar 2023
Listing of chapters contained in the Reserve Bank's Reform of Credit Card Schemes in Australia: III Submissions Received (Volume 1)
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/iii-submissions-vol1/
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-References
8 May 2024
Submissions
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates. ... RBA and ACCC (2000), Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access, October.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/references.html
Competition and Efficiency
24 Mar 2003
PSB Annual Report
– 2002
cards. Credit card users are effectively ‘subsidised’, in the sense that they are charged less than the cost of the credit card payment services they use (or are even offered rebates ... in reforming debit card interchange fees at the same time as
https://www.rba.gov.au/publications/annual-reports/psb/2002/competition.html
Standard: The 'Honour All Cards' Rule in the Visa Debit and Visa Credit Card Systems and the 'No Surcharge' Rule in the Visa Debit System - …
26 Apr 2006
Media Release
PDF
40KB
Reform of the EFTPOS and Visa Debit Systems in Australia
https://www.rba.gov.au/media-releases/2006/pdf/honour-all-cards-std.pdf
Reform of Credit Card Schemes in Australia: Responses to Consultation Document
9 Mar 2023
Listing of chapters contained in the Reserve Bank's Reform of Credit Card Schemes in Australia: Responses to Consultation Document
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/consult-doc-responses/
Payments System Issues
5 Mar 2007
Media Releases
Decisions made at the 26 February 2007 meeting of the Payments System Board
https://www.rba.gov.au/media-releases/2007/mr-07-02.html