Data from the Reserve Bank of Australia (RBA) shows that credit card balances continue to decline.
The average balance was down by another 2.4 per cent to $3,114 in January.
In smoothed terms annual credit balances were 2.5 per cent lower than one year previously.
In real terms - after accounting for inflation - credit card balances are down significantly over the last few years, as household balances enjoy lower mortgage repayments.
This news comes in spite of the total value of purchases racked up on credit and charge cards continuing to rise inexorably.
Increasingly, and wisely, households are opting to repay credit card balances in full before the due date.
More in-depth research from Commsec showed that the usage of credit card limits dipped to a 14 year low in January at 34.3 per cent.