(news.com.au)
Commonwealth Bank is hoping its zero interest credit card will buck the trend of declining popularity of personal lending products.
The country’s largest retail bank at its half-yearly results revealed its new Neo card made up a third of all credit card approvals in the December quarter.
CBA retail banking executive Angus Sullivan said the zero-interest card had primarily been adopted by younger customers, who are looking for more simple and easier to understand credit products.
