Objective Analysis: Psychology of using BNPL, page-10

Pardon me??

I have heard multiple times around here from the believers, that "CC usage is in decline"

So I thought I would go and check for myself.



This is straight from the RBA website

https://www.rba.gov.au/payments-and-infrastructure/resources/payments-data.html

C1 Credit and Charge Cards – Seasonally Adjusted Series
	Number of purchases	Value of purchases
	1000's	$1,000,000
Dec-2018	240723.2	27146.0
Dec-2019	252539.4	28313.8

The RBA data doesn't support your assertion.

Of course APT might cherry pick a nugget of something to support their own position, but some basic critical thinking lead me to look at the aggregate data from an unbiased source, the RBA.

Pls review the RBA data set for yourself.

It is absolutely impossible to support the assertion that "CC usage is in decline", from the latest RBA payments data.

Can we put this one to bed now?