Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 2GB account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 2GB content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 2GB online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

0% credit cards a ‘plain dumb’ idea by the banks

Article image for 0% credit cards a ‘plain dumb’ idea by the banks

In a bid to attract younger customers, two of the Big Four banks have introduced credit cards with 0% interest rates.

However, there’s no such thing as a free lunch, just like there’s no such thing as free credit from a Big Four bank, and instead of accruing interest, the 0% credit cards attract high monthly fees.

Only two in five millennials use a credit card, compared to almost four in five older shoppers.

Respected payments analyst Grant Halverson, MD of McLean Roche Consulting, tells Brooke Corte the 0% credit card idea is “plain dumb,”

“If you were going to target a product to millennials, why would you have a credit card of any name, shape or form?”

“It’s a bit like a butcher trying to sell meat to vegans, it really is off the wall,”

Click play to hear the full interview:

BROOKE CORTE
Advertisement