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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The Personal Credit Card Market in Australia: Pricing over the Past Decade
10 Mar 2012
Bulletin
– March 2012
Another development related to changes in the schemes' interchange fee schedules has been the introduction of a new credit card product: super-premium cards. ... Over time, credit card products with companion cards attached have increasingly replaced
https://www.rba.gov.au/publications/bulletin/2012/mar/7.html
Abstract for The Personal Credit Card Market in Australia: Pricing over the Past Decade
10 Mar 2012
Bulletin
– March 2012
Bulletin – March 2012 The Personal Credit Card Market in Australia: Pricing over the Past Decade Abstract. ... For example, over the past decade the effective price to cardholders for using a credit card has increased, encouraging the use of
https://www.rba.gov.au/publications/bulletin/2012/mar/bu-0312-7a.html
Merchant Service Fees for Credit Cards
10 Jul 2004
Bulletin
– July 2004
in fees (known as merchant service fees) that banks charge merchants for providing credit card facilities. ... Interchange fees on MasterCard and Visa cards issued overseas have not fallen and so merchants in that sector have not benefited as much from
https://www.rba.gov.au/publications/bulletin/2004/jul/2.html
Credit and Charge Cards
20 Sep 2005
PSB Annual Report
– 2005
cards. Imposing a charge allows them to accept credit cards, with the customer then free to choose whether the value they receive from using the card exceeds the cost of doing ... than twice that on debit cards, reflecting the larger average value of a
https://www.rba.gov.au/publications/annual-reports/psb/2005/credit.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
Reform of Card Payment Systems
26 Sep 2006
PSB Annual Report
– 2006
This has encouraged some card issuers to focus more on attracting customers who use their credit cards to borrow, by offering them lower interest rates. ... Scheme debit, however, had a competitive advantage over EFTPOS because merchants were forced to
https://www.rba.gov.au/publications/annual-reports/psb/2006/reform-card.html
Card Payment Systems
13 Sep 2007
PSB Annual Report
– 2007
They then fell to around 0.55 per cent when the credit card reforms were introduced. ... Competition authorities in a number of countries have also taken action against the credit card schemes.
https://www.rba.gov.au/publications/annual-reports/psb/2007/card-payments.html
Bank Fees in Australia
25 Jan 2024
Bulletin
– January 2024
This article updates Reserve Bank research on bank fees charged to Australian households, businesses and government.
https://www.rba.gov.au/publications/bulletin/2024/jan/bank-fees-in-australia.html
Competition and Efficiency
21 Mar 2002
PSB Annual Report
– 2001
the international card schemes (MasterCard and Visa) have regulations that prevent merchants recovering from cardholders the cost of accepting credit cards; and. ... Recent data show that, from a merchant's perspective, credit card transactions cost
https://www.rba.gov.au/publications/annual-reports/psb/2001/competition.html
Competition and Efficiency
11 Nov 2004
PSB Annual Report
– 2004
Under this standard, the designated credit card schemes of Visa and MasterCard are not permitted to prohibit merchants from passing on the cost of accepting credit cards to customers that use ... One motivation for these arrangements from the banks'
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html