photo credit: Andres RuedaThe total value of credit and charge card transactions, including advances, rose by 9.6 per cent in March, figures from the Reserve Bank of Australia (RBA) show.

Australians spent $18.775 billion on their credit and charge cards in March, up from $17.130 billion the previous month and the second straight monthly increase.

The rise in spending was matched by an increase in repayments, the RBA’s monthly bulletin says.

Credit card repayments rose 17.5 per cent in March to $19.720 billion - the highest level since December.
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