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The Commonwealth Bank has joined NAB in offering interest-free credit cards, as the big four try to compete with Afterpay – Business Insider Australia
In what is quickly shaping up to be a new arms race, Australia’s biggest bank is plunging into the now one day old interest-free credit card market.
- The Commonwealth Bank has become the second bank to announce a foray into interest-free credit cards after NAB launched one on Thursday.
- To be launched in November, the ‘CommBank Neo’ card follows a similar model but will also offer cashback incentives to attract customers.
- Banks have been forced to play catch up after traditional credit cards have been ‘wiped out’ by buy now, pay later companies, Canstar financial services group executive Steve Mickenbeck told Business I…
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