$1 Club, page-18105

CBA is sneaky. It's a low interest credit card. I'd imagine they've done their research and frankly it's a pretty good credit product.

You get to the end of the statement period and owe $100? That's a $12 charge (That's a pretty high fee for holding $100 for 25 days!)

Worse case for them, you max it out and hold $1000? They'll charge you $12 a month until its paid. $144 annual return on a $1000 investment, sure, it's no 12% p/a credit card but is it more than they'll get if the customer users Afterpay? Yup.
Consider the current cash rate, they're not going to be whining about those kinds of returns.

They're selling the hype on "0% interest". Guess what? There are a lot of SACC loan providers that charge 0% interest too, but a 40% loan establishment fee.

It has taken them a long time to get understand the mind of the market but good on them for finally working it out. "Interest" is a dirty word now. "Fee" is acceptable.

Others will follow suit.

And again - mark my words, APT WILL get regulated out of existence. You can't be giving jobseeker recipients $500 a fortnight of credit.