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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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Introduction

8 Oct 2018 RDP 2018-11
Mary-Alice Doyle
RDP 2018-11: Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases 1. ... But some consumers also incur high net costs from their credit card, in both interest charges and fees.
https://www.rba.gov.au/publications/rdp/2018/2018-11/introduction.html

Appendix D: Heckman Sample Selection Models

8 Oct 2018 RDP 2018-11
Mary-Alice Doyle
RDP 2018-11: Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases Appendix D: Heckman Sample Selection Models. ... 0.17. 0.17. (0.05). (0.05). Motivation for holding credit card (omitted category = other).
https://www.rba.gov.au/publications/rdp/2018/2018-11/appendix-d.html

Conclusion

8 Oct 2018 RDP 2018-11
Mary-Alice Doyle
RDP 2018-11: Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases 8. ... My findings represent a first estimate of the presence and impact of behavioural biases in the Australian credit card market.
https://www.rba.gov.au/publications/rdp/2018/2018-11/conclusion.html

Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases

1 Oct 2018 RDP 2018-11
Mary-Alice Doyle
from the 2016 Consumer Payments Survey’ RDP (RDP 2017-04), but adding more detailed credit card features and reassigning respondents' credit cards originally listed as ‘other, please specify’ to the card ... creates summary variables (e.g. reason
https://www.rba.gov.au/publications/rdp/2018/2018-11/read-me.html

References

8 Oct 2018 RDP 2018-11
Mary-Alice Doyle
RDP 2018-11: Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases References. ... ASIC (2018), ‘Credit Card Lending in Australia’, Report 580, July. Australian Treasury (issuing body) (2016), Credit Cards: Improving Consumer Outcomes
https://www.rba.gov.au/publications/rdp/2018/2018-11/references.html

Supplementary Information for RDP 2018-11: Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases

1 Oct 2018 RDP 2018-11
Mary-Alice Doyle
Research Discussion Paper – RDP 2018-11 Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases.
https://www.rba.gov.au/publications/rdp/2018/2018-11/supplementary-information.html

Distribution of Monetary Costs and Benefits

8 Oct 2018 RDP 2018-11
Mary-Alice Doyle
RDP 2018-11: Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases 5. ... the credit card that would maximise their net monetary benefit (their ‘optimal’ card).
https://www.rba.gov.au/publications/rdp/2018/2018-11/distribution-of-monetary-costs-and-benefits.html

Appendix C: Regression Analysis of Overall Distribution of Net Benefit

8 Oct 2018 RDP 2018-11
Mary-Alice Doyle
564.21. 567.22. 503.14. (178.91). (182.00). (168.29). Number of credit cards (omitted category = 1 card). ... 291.00. 378.96. (60.73). (13.55). (65.79). (24.67). (119.66). (143.47). Number of credit cards (omitted category = 1 card).
https://www.rba.gov.au/publications/rdp/2018/2018-11/appendix-c.html

Evidence of Behavioural Biases?

8 Oct 2018 RDP 2018-11
Mary-Alice Doyle
RDP 2018-11: Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases 6. ... a) Respondents were asked ‘Thinking about when you first opened your main credit card account, what factors influenced your decision to choose this card over other
https://www.rba.gov.au/publications/rdp/2018/2018-11/evidence-of-behavioural-biases.html

Estimating the Net Monetary Benefits of Credit Card Holding

8 Oct 2018 RDP 2018-11
Mary-Alice Doyle
RDP 2018-11: Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases 4. ... For about 60 per cent of cardholders, their main credit card was the only card that they held, but some respondents held multiple cards.
https://www.rba.gov.au/publications/rdp/2018/2018-11/estimating-the-net-monetary-benefits-of-credit-card-holding.html