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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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
Gresham's Law of Payments
23 Mar 2005
Speech
Speech by Ian Macfarlane to the Australasian Institute of Banking + Finance (AIBF) Industry Forum 2005, Sydney
https://www.rba.gov.au/speeches/2005/sp-gov-230305.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
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
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
Submissions on Draft Common Credit Card Interchange Standard
9 Mar 2023
Listing of submissions received from interested parties on the setting of interchange fees that would determine a common benchmark for interchange fees in the Bankcard, MasterCard and Visa credit card schemes
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/submissions-draft/
Statistical Tables
7 Sep 2023
Statistics
International Banking Statistics – Banks & RFCs. Payments System. Money and Credit Statistics.
https://www.rba.gov.au/statistics/tables/
Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access - October 2000
14 Aug 2008
PDF
407KB
Interchange Fees and Access
https://www.rba.gov.au/payments-and-infrastructure/resources/publications/payments-au/interchg-fees-study.pdf
Modelling Consumer Payment Behaviour for Australia
1 Jul 2009
RDP
2009-04
However, while cash and debit cards are held by almost all consumers, many do not have a credit card. ... These cards are aimed at revolver consumers, who represent around 34 per cent of credit card holders.
https://www.rba.gov.au/publications/rdp/2009/2009-04/modelling-consumer-payment-behaviour-australia.html
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