Nice Try NAB.....but no Cigar. Next...

Nice Try NAB.....but no Cigar. Next !

https://www.ratecity.com.au/credit-cards/news/nab-launches-australia-first-interest-free-card

NAB launches Australia’s first interest-free credit card

NAB has rolled out Australia’s first no-interest credit card to hit back at buy now pay later (BNPL) services.While users will not incur interest on expenses put on the bank’s new credit card, StraightUp, a flat monthly fee of up to $20 will be charged for a maximum credit limit of $3,000.If the customer does not use the card within the month, the monthly fee is not charged. Users may also avoid some usual credit card costs, including late payment fees and foreign currency fees.The average purchase rate charged by credit cards on RateCity’s database is 16.78 per cent, while the average annual fee and late payment fee is $115 and $20 respectively.The StraightUp card does not allow cash advances or gambling transactions.