Bizarre campaign tells us high fees are better for everyone 8



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Cigarettes are good for you and so are high fees – at least, according to the advertising agency employed in secret by the credit card companies, according to Choice.

The consumer watchdog has called on MasterCard to own up to its involvement in the bizarre Don’t Change My Interchange campaign, which is run by the mysterious International Alliance for Electronic Payments (IAEP).

In the ad below, people are urged to fight back against a malicious plan to reduce the fees we are charged for using our credit cards at point-of-sale terminals, telling us they need to be high for our own protection.

Nowhere in the ad is MasterCard or any other credit card company mentioned, but Choice claims to have evidence the company is behind the campaign.

They have compared the tactics used to those deployed by Bot Tobacco, which tried to stub out pesky rumours that cigarettes were bad for you.

camels ad

Today, it was reported that the nation’s top financial regulators will advise our new treasurer Scott Morrison on growing concerns over exorbitant interest rates being charged on credit cards.

Research has shown the average credit card interest rate margin over the cash rate has grown from eight per cent in 2007 to 15 per cent in 2015.

Watch the ad here and tell us what you think.

Would you like to see better regulation in the credit card industry? Are you paying too many fees and charges?


Starts at 60 Writers

The Starts at 60 writers team seek out interesting topics and write them especially for you.

  1. They might force us to use cash again. This is the proof that multinationals are trying to run the economy and the country.

  2. You’d have to be pretty gullible not to think massive self interest prompts ads like this, named or not it should be obvious where the funding comes from.

  3. We’re drowning in propaganda these days and those who don’t keep a clear head are being sucked into it – hence we have this dangerous, damaging government, who want to make higher education only for the rich, so the doctors, lawyers and specialists of the future can charge so much to cover their $100,000 – $150,000 tertiary fees, many of us can’t avail ourselves of services, creating greater and greater inequality. Yet nearly 50% of our population is happy for this and other anti-Australian legislation to be passed, in their name. Gobsmacking. Keep your heads people! Now, more than ever!

  4. They really must believe that consumers are stupid

    1 REPLY
    • Unfortunately your not I’m not but a lot are stupid and will fall for this.

  5. If you don’t buy on credit you don’t pay extra.I have a debit card and have never paid extra.If you can’t pay cash,don’t buy.Saves a lot of money and peace of mind.

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