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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Household and Business Finances
12 Apr 2019
FSR
– April 2019
More recently, the introduction of comprehensive credit reporting from September 2018 for credit cards is enabling banks to see more complete information on borrowers' credit and store card debts and limits. ... Since credit assessments are based on
https://www.rba.gov.au/publications/fsr/2019/apr/household-business-finances.html
Regulatory Developments
12 Apr 2019
FSR
– April 2019
Credit conditions for both sectors tightened through 2018 due to a range of factors. ... A pilot of open banking is due to be launched in July 2019, with sharing of consumer data on credit and debit cards and deposit and transaction accounts, expected by
https://www.rba.gov.au/publications/fsr/2019/apr/regulatory-developments.html
Box B: The Impact of Lending Standards on Loan Sizes
20 Oct 2018
FSR
– October 2018
The NIS also factors in the broader financial situation of the borrower, including tax liabilities and required repayments on credit cards or other loans. ... The NIS test also factors in potential repayment obligations from the full credit limits of
https://www.rba.gov.au/publications/fsr/2018/oct/box-b.html
Box B: Recent Trends in Personal Credit
10 Apr 2018
FSR
– April 2018
This trend is evident in data for both credit card debt and other personal debt. ... Most cardholders are increasingly using credit cards for transactional purposes rather than for borrowing.
https://www.rba.gov.au/publications/fsr/2018/apr/box-b.html
The Australian Financial System
10 Apr 2018
FSR
– April 2018
This recent improvement was driven by a decline in credit card NPLs. ... Other notable revisions to credit risk would include materially raising risk weights on credit cards for IRB banks, simplifying the capital treatment of small and medium enterprise
https://www.rba.gov.au/publications/fsr/2018/apr/australian-financial-system.html
Box D: The New Payments Platform and Fast Settlement Service
10 Apr 2018
FSR
– April 2018
Immediate settlement also means that financial institutions can make funds available to recipients in real time without taking on credit risk. ... The speed with which funds can be made available to recipients also reduces the credit and liquidity risks
https://www.rba.gov.au/publications/fsr/2018/apr/box-d.html
Developments in the Financial System Architecture
20 Oct 2016
FSR
– October 2016
The PSB also determined that new interchange standards will keep the weighted-average interchange fee benchmark for credit cards at 0.50 per cent, but lower the benchmark for debit cards ... To address issues of competitive neutrality, interchange-like
https://www.rba.gov.au/publications/fsr/2016/oct/dev-fin-sys-arch.html
Financial Stability Review October 2016
13 Oct 2016
FSR
October 2016
PDF
6509KB
https://www.rba.gov.au/publications/fsr/2016/oct/pdf/financial-stability-review-2016-10.pdf
Developments in the Financial System Architecture
13 Oct 2016
FSR
October 2016
PDF
158KB
https://www.rba.gov.au/publications/fsr/2016/oct/pdf/dev-fin-sys-arch.pdf
Household and Business Finances
20 Apr 2016
FSR
– April 2016
With demand for apartments softening in some areas, particularly in Brisbane and Perth, and households facing tighter access to credit, settlement failures might increase. ... Non-performing rates for credit card and other personal loans have also
https://www.rba.gov.au/publications/fsr/2016/apr/household-business-finances.html