From the website
CommBank Neo: It’s a new way to pay! An interest-free credit card without any late fees or surprise charges - just a flat monthly fee. Say goodbye to complex percentages and calculations.
Yes, who wants to be bothered with those pesky complex percentages when you can trust CommBank to look after you, right?
I mean a monthly charge of $22 on a $3,000 balance works out to only 8.8% pa interest. Far too complex and pesky to work out.
But I only want to have $1,000 limit on my card. That's fine, and don't worry about the complex percentage calculations, as it only works out to the equivalent of 14.4% pa interest, even more if you don't use the full $1,000 (but youdon't have to worry about complex percentages and calculations because we will take care of you hehe).
CommBank - We're here to help and "simplify" your finances. lol.
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