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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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A non-profit, volunteer organisation, advocating to advance the interests ...

11 Feb 2020 DOC 93KB
The arrangements for consumers to cancel direct debits and recurring card payments need to be improved. ... Competition in the Cards Market. Q4: How do stakeholders assess the functioning to date of least-cost routing (LCR) of contactless debit card
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/queensland-consumers-association.DOC