Bankwest has agreed to make changes to recent advertising for its Breeze MasterCard after ASIC raised concerns that the advertisements were misleading or likely to mislead. Bankwest claimed in print advertisements that the Breeze MasterCard was ‘Australia’s Cheapest Credit Card’. This claim was based on a recent award from Money magazine. ASIC reviewed the award and discovered that the Breeze MasterCard was only the cheapest credit card offered by banks.
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