Business
Commonwealth Bank shares plans for CommBank Neo interest-free credit card – 7NEWS.com.au
Australia’s biggest bank has unveiled its plans in a bid to lure customers away from buy-now, pay-later services.
Australias biggest bank has unveiled its plans for a no-interest payment card – the second of its kind in the country.
The Commonwealth Banks CommBank Neo card will provide customers with up to $3000 of credit, with no interest payments, no late payments, and no foreign currency fees – but with a fixed monthly fee.
The card is set to carry three credit limits – $1,000, $2,000 and $3,000 – and a monthly fee of $12, $18 and $22 respectively.
Every 12 months, customers would therefore effectivel…
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