How a legal loophole lets CBA and Westpac charge their most loyal customers more
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Source: The Age
Published: 2026-09-04 05:00 UTC+10:00
Section: Business / Companies
Factuality Score: 100
Opinion Category: Neutral
Topics: Economy & Finance, Law & Courts, Tax & Budget, Business & Economy
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Snippet:
Commonwealth Bank and Westpac are using a legal loophole to penalise long-term customers who max out their credit cards – dubbed a “loyalty tax” by critics – despite the fees being banned for new accounts more than 14 years ago.
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