Credit Cards

Credit cards are offered by banks, as well as other institutions such as credit unions. There are numerous credit cards currently available in the market, each with a particular interest rate and varying features.

In this research report you will be analysing 2 datasets which can be found in an EXCEL file available for download in the Assessment section of the BSB123 Blackboard site.

The dataset includes the following variables:

• Institution & Credit Card name
• Interest Rate (%)
• Annual Fee ($)
• Number of Free Days
• Minimum Credit Limit ($)
• Type (B / C / O)
• Brand (VISA / MC / AMEX)

The second dataset (in the HISTORICAL DATA worksheet) contains the total credit card balances (in millions of dollars) of Australians from January 2002 to September 2009.