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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Introduction | Reform of Credit Card Schemes in Australia: II Commissioned Report
9 Mar 2023
Indeed, a striking feature of the Australian credit card industry is that many cardholders face negative prices for using their credit cards. ... Visa argues that closed general purpose credit card schemes such as American Express and Diners Club, and
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/ii-commissioned-report/welfare-analysis.html
The 'Honour All Cards' Rule | Reform of the EFTPOS and Visa Debit Systems in Australia: A Consultation Document – February 2005
9 Mar 2023
Visa Debit, however, has a competitive advantage over EFTPOS because merchants are forced to accept the card when they make the decision to accept Visa credit cards and must pay a ... Neither the rules of the Scheme nor a participant in the Visa Debit
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/consult-doc-feb05/honour-all-cards.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Credit Cards as Payment Instruments
9 Mar 2023
Submissions
The Bank's 2013 Consumer Use Survey shows that higher-income households use credit cards much more frequently for transactions compared with debit cards; conversely, debit card use is more common ... In the early 2000s, the Reserve Bank became concerned
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/credit-cards-as-payment-instruments.html
Consultations | Credit Cards
9 Mar 2023
See also: Submissions]. Proposed Changes to the Credit Card Interchange Standard – Common Benchmark. ... Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access 554.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/consultations.html
Attachment 2 | A Variation to the Surcharging Standards: A Consultation Document December 2011 | Consultations
10 Dec 2011
Consultations
ii. the average cost to the merchant of acceptance of a subset of Visa Debit cards issued under the Scheme which includes the type of credit card in relation to which ... 10. 11. Neither the rules of the Scheme, nor any participant in the Visa Debit
https://www.rba.gov.au/publications/consultations/201112-variation-surcharging-standards/attachment-2.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Credit cards as sources of credit
9 Mar 2023
Submissions
The decreased share of credit card debt may partly reflect the high cost of credit cards relative to mortgage interest rates and the increasing ability of households to use mortgage offset ... The Bank publishes data on average advertised credit card
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/credit-cards-source-of-credit.html
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/
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
Interchange Fees for the MasterCard and Visa Schemes
29 Sep 2006
Media Releases
Announcement of calculation of Interchange Fee Benchmarks for the MasterCard and Visa Schemes
https://www.rba.gov.au/media-releases/2006/mr-06-08.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-The Credit Card Market
9 Mar 2023
Submissions
Interchange revenues from transactions on MasterCard and Visa credit cards (and issuer fees from American Express ‘companion’ card transactions): based on incomplete data, the Bank estimates these at around $1–1 ... While almost all Australian
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/the-credit-card-market.html