Business

Westpac to offer young customers ‘subscription credit’ – The Australian Financial Review

A new no interest credit card called Flex will allow Westpac to keep pace with structural shifts in the demand for credit to…

Published

4 years ago

October 20, 2021

Noosa Online News Publisher

The fee-lite construct points to structural shifts in the profit-generating capability of credit card portfolios; Westpac will fund it from the capped interchange fees paid by merchants to a cardholders bank.
Gone are the days where big credit limits on…

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Related Topics:Australia Australian Financial Review

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