Search: credit card
Did you mean
credit cards?
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.
Search Results
Payment Cards
8 Aug 2017
RDP
2017-04
Since the 2013 survey, the share of debit card payments has increased by slightly more than that of credit cards (6 percentage points compared with 3 percentage points). ... Figure 6: Why Hold a Credit Card? Most important reason, by age, 2016.
https://www.rba.gov.au/publications/rdp/2017/2017-04/payment-cards.html
How Australians Pay: Evidence from the 2016 Consumer Payments Survey
1 Jul 2017
RDP
2017-04
Since the 2013 survey, the share of debit card payments has increased by slightly more than that of credit cards (6 percentage points compared with 3 percentage points). ... Figure 6: Why Hold a Credit Card? Most important reason, by age, 2016.
https://www.rba.gov.au/publications/rdp/2017/2017-04/full.html
How Australians Pay: Evidence from the 2016 Consumer Payments Survey
25 Jul 2017
RDP
2017-04
The data show that Australian consumers continued to switch from paper-based ways of making payments such as cash and cheques, towards digital payment methods (particularly debit and credit cards). ... Cards were the most frequently used means of payment
https://www.rba.gov.au/publications/rdp/2017/2017-04.html
Appendix A: Survey Methodology
8 Aug 2017
RDP
2017-04
A full list of debit and credit cards held by the respondent was collected, with the respondent also identifying their primary debit and credit card. ... Notes: (a) Online respondents selected the specific card they used (from the list of cards they
https://www.rba.gov.au/publications/rdp/2017/2017-04/appendix-a.html
Other Types of Payments
8 Aug 2017
RDP
2017-04
Debit cards and credit cards were used evenly, but credit cards tended to be used for larger purchases. ... a) Debit, credit/charge cards, cheque, PayPal, BPAY, gift/prepaid card, and other payment methods.
https://www.rba.gov.au/publications/rdp/2017/2017-04/other-types-of-payments.html
Conclusion
8 Aug 2017
RDP
2017-04
Many people are paying in cash less often, preferring to instead use their debit and credit cards, including for low-value payments. ... the past, and the 2016 survey showed that contactless cards are becoming an ever more popular way of making in-person
https://www.rba.gov.au/publications/rdp/2017/2017-04/conclusion.html
Trends in Consumer Payments
8 Aug 2017
RDP
2017-04
Credit and debit cards combined were the most frequently used means of payment in 2016, overtaking cash for the first time. ... 26. 31. 43. 52. Debit cards. 15. 22. 24. 30. Credit and charge cards.
https://www.rba.gov.au/publications/rdp/2017/2017-04/trends-in-consumer-payments.html