Attachment 'H' - All Smoke and Mirrors

Website www.australia.creditcards.com is an odd bedfellow for the Credit Card Issuers listed under Our Bank/Issuer Partners (ANZ, Aussie, Bank Mecu, Bankwest, citi, NAB, St George, Virgin, Westpac) which seemingly are funding www.australia.creditcards.com which is providing patently misleading advertising of SOME of their credit cards.

www.australia.creditcards.com contains a section "News and advice" which contains articles that are critical of many credit cards and associated protocols within the industry, not limited to the following:

The writer, Philip Johnston, considers that the above articles and others therein are a deceptive 'smokescreen' to influence readers that www.australia.creditcards.com provides objective information which will assist prospective credit card purchasers make an informed choice.

The site is driven by Daniel P. Ray, Editor in Chief, CreditCards.com (parent site of australia.creditcards.com) 8920 Business Park Dr., Suite 350 Austin, TX 78759.

Upon opening australia.creditcards.com there are various options on the upper LHS including Low Interest Credit Cards as evident in the below 'Screen Print'.

Upon clicking on Low Interest Credit Cards there are further URLs to the interest rates, fees, interest free period, loyalty points etc for each credit card listed therein.

One set of URLs to each credit card's interest rates, fees, interest free period, loyalty points etc is provided by australia.creditcards.com in the second column titled "Product".

Another set of URLs to each credit card's interest rates, fees, interest free period, loyalty points etc is provided by the Credit Card Issuers in the final column "Apply" which accesses the actual Credit Card Issuers' websites.

The below URLs provide a small sample of an unfortunate testament to the prudential role performed by the bank -

(i) entrusted to be banker and financial agent for the Commonwealth; and

(ii) with a charter to protect "....the economic prosperity and welfare of the people of Australia".

I do not believe the above disclaimer reduces the culpability of australia.creditcards.com

Aussies lead world in personal debt

Study: Banks pushing debt on low-income Aussies

Upon opening australia.creditcards.com there are various options on the upper LHS including Low Interest Credit Cards as evident in the below 'Screen Print'.

Upon clicking on Low Interest Credit Cards there are further URLs to the interest rates, fees, interest free period, loyalty points etc for each credit card listed therein.

One set of URLs to each credit card's interest rates, fees, interest free period, loyalty points etc is provided by australia.creditcards.com in the second column titled "Product".

Another set of URLs to each credit card's interest rates, fees, interest free period, loyalty points etc is provided by the Credit Card Issuers in the final column "Apply" which accesses the actual Credit Card Issuers' websites.