National Australia Bank Launched Interest-Free Credit Card For the First Time in the History of Australia

National Australia Bank (NAB) has launched an interest-free credit card which allows Australian citizens to accumulate as much as $3000 balance before paying. This decision was made to combat credit card use which is the most alarming in the younger generations. Incentives can also be attributed to the rise of buy now pay later platforms like AfterPay and Zip that keep popping up left and right during the last couple of years.Q2 2020 hedge fund letters, conferences and moreIt goes without saying that AfterPay and Zip did take a huge chunk of the credit card market from the Australian banks. Th…

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