Downward tendency of credit cards in Australia

According to the release of Reserve bank of Australia (RBA) Australia's credit card balance fell 0,5 in March.  All the figures demonstrate a sure downward tendency. So, for instance the total balance of credit and charge card transactions has decreased from $43.25 billion in February to $43.04 billion in March.

Survey in repayments has revealed a rose by 5.4 per cent and is $17.67 billion in March against $16.77 billion. The number of credit and charge accounts increased by 65,000 to 14.08 million in March, from 14.02 million in February.

The number of purchases using credit cards rose 3.2 per cent to 112.87 million in March, from 109.37 million in February.

By value, credit purchases fell to $16.064 billion in March, from $16.46 billion in February.

The number of cash advances on credit and charge cards rose to 2.91 million, from 2.83 million, as the value of advances increased to $1.08 billion, from $1.04 billion.