Australians in November spent AU$20 billion (US$18.1 billion or 12.1 billion euros) using credit and charge cards, up 13.6% from AU$17.6 billion during the same month in 2008, data from the Reserve Bank of Australia show. They initiated 133.7 million transactions during the month, up 14.5% from 116.8 million.
Credit card repayments grew by 11.4%, to AU$19.5 billion from AU$17.5 billion, the data show. Total credit card outstandings at the end of November were AU$46 …
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