Business
Millennial wallets in sights as CBA spruiks no-interest card – The Australian Financial Review
As youngsters flock to buy now, pay later operators, traditional banks are looking at different products to entice borrowing.
That included consumers seeking better control and certainty around borrowing products.
Like NABs offering, CBAs card will charge people a monthly fee, based on their borrowing limit, each time money is borrowed. That fee keeps ticking over while money is outstanding or when the card is used again; no fees are charged if the card is not used.
CBAs card charges $12 a month for a $1000 credit limit, $18 for a $2000 limit and $22 for a $3000 limit. It would be used in conjunction with store rewar…
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