Summary of ANZ's Low Rate MasterCard advertising at www.australia.creditcards.com

Click on ANZ's Low Rate MasterCard under 'Product' in the 2nd column of Low Interest Credit Cards of as shown in the below Print Screen.

You will then see the following information that is provided by www.australia.creditcards.com as also evident in the further below Low Rate MasterCard Print Screen:

Company Low Rate MasterCard
Intro Rate 0% (3 months)
Balance Transfer N/A
Interest Rate 13.24%
Annual Fee $58
Card Type
Mastercard
Interest Free Days 55 days
Late Payment Fee $0
Minimum Repayment $10
Minimum Repayment 2%
Card Level Standard
Star Ratings

The above summary provided by www.australia.creditcards.com is deceitful because at Interest Rate in the above summary schedule it -

*        lists only the interest rate applicable to 'Purchases' of 13.24%; and

*        does not inform that the Interest Rate on 'Cash Advances' is the highest interest rate on any ANZ card being 21.49% which is inconsistent with a card called ANZ Low Rate MasterCard.

www.australia.creditcards.com should not list the Interest Rate to be 13.24% unless that is the interest rate to use the card, predicated upon compliance with other conditions including repaying at least 2% within 55 days.  australia.creditcards.com is deliberately misleading and deceptive.

If you click on it opens an ANZ website page for its ANZ Low Rate MasterCard which provides the below limited information as evident on the below Print Screen:

ANZ Low Rate MasterCard®

  • You could feel in control of your finances by paying a low interest rate of 13.24% p.a.2 on everyday purchases.

  • ANZ Falcon™ security with 24/7 monitoring of suspicious transactions.
  • Up to 55 days interest free credit on purchases3.
  • MasterCard acceptance at over 29 million locations worldwide.

If you did not then click on the above 'Compare all credit cards' or View Terms and conditions, you would not know that the interest rate on 'Cash Advances' is a high 21.49%.

The above summary evidences deceptive, misleading and unconscionable marketing by www.australia.creditcards.com and does not leave ANZ in a favourable light if it is paying australia.creditcards.com for providing a link to the above ANZ page and condoning australia.creditcards.com practices.