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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Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates
14 Aug 2015
Submissions
PDF
905KB
programs on credit cards still provide an incentive for credit card use for many consumers. ... earned from spending on credit cards have become less generous, although card schemes have.
https://www.rba.gov.au/publications/submissions/financial-sector/pdf/inquiry-matters-relating-to-credit-card-interest-rates-2015-08.pdf
Payments System Issues
5 Mar 2007
Media Releases
Decisions made at the 26 February 2007 meeting of the Payments System Board
https://www.rba.gov.au/media-releases/2007/mr-07-02.html
Reform of the Payments System
2 Mar 2005
Speech
Speech by Philip Lowe to Visa International Australia and New Zealand Member Forum, Werribbee
https://www.rba.gov.au/speeches/2005/sp-ag-020305.html
Payments System Reform
24 Feb 2005
Media Releases
Announces that the Payments System Board decided to release draft standards for the EFTPOS and Visa Debit systems for public comment. The Board also considered the case for designating the American Express and Diners Club payments system, but
https://www.rba.gov.au/media-releases/2005/mr-05-02.html
Attachment 2 | A Variation to the Surcharging Standards: Final Reforms and Regulation Impact Statement June 2012
9 Mar 2023
Neither the rules of the Scheme, nor any participant in the Visa Debit system, or the Visa credit card system, may require a merchant to accept Visa Debit cards as a ... Likewise, neither the rules of the Scheme, nor any participant in the Visa Debit
https://www.rba.gov.au/payments-and-infrastructure/cards/201206-var-surcharging-stnds-fin-ref-ris/attachment-2.html
Payments System Issues
11 Dec 2006
Media Releases
This general approach arose out of the original consultations that the Bank conducted on the credit card standards. ... As part of its ongoing monitoring, the Bank recently sought additional data from MasterCard and Visa on interchange revenue and
https://www.rba.gov.au/media-releases/2006/mr-06-13.html
Appendix A | The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
28 Sep 2023
Consultations
The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
https://www.rba.gov.au/publications/consultations/202306-issues-paper-australian-debit-card-market/conclusions-paper/appendix.html
Payments System Board – Novemember 2005
25 Nov 2005
Media Releases
Following a meeting of the Payment System Board on 22 November 2005, the Bank is gazetting a revised Standard to apply to the setting of interchange fees in the designated Bankcard, MasterCard and Visa credit card schemes in Australia. The new
https://www.rba.gov.au/media-releases/2005/mr-05-13.html
Payment Systems (Regulation) Act 1998, The designated credit card systems (Bankcard, MasterCard and VISA)
24 Nov 2005
Media Release
PDF
199KB
Reform of Credit Card Schemes in Australia: Credit Card Interchange Fees
https://www.rba.gov.au/media-releases/2005/pdf/mr-05-13-gazette-notice-ccc-std.pdf