Australians with credit cards made repayments of $19.839 billion in July 2009, according to figures released by MasterCard.

This took the total balance of people credit cards down to $44.569 billion, which was $283 million lower than the month before.

Scheme debit was found to be the main driver of card transactions, with the value of purchases in July this year up to $2.556 billion – a 30.85 per cent increase year-on-year.

Despite this the total number of credit card transactions dropped in the seventh month of the year.

MasterCard found that it dropped to 127.2 million, a decline of 112,000, while the value of these transactions was $266 million lower.

This means that the total value of transactions made by people with cheap credit cards and those paying a higher level of interest was down to $19.14 billion in July.

Meanwhile, the Reserve Bank of Australia recently found that people are using their credit cards less and increasing the amount of purchases on debit cards.

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