"Credit cards are unsecured lines of credit. The bank assumes you are smart enough to manage your own money."
Nah, the bank assumes that the majority of CC holders won't close their debts on time and will incur the wrath of disgustingly high interest rates.
The bank couldn't give too hoots about whether you are smart enough to manage your own money - all the bank is interested in is profit.
And the royal commission confirmed how unethical they are at getting it!
PS Oh mado you keep avoiding the question, is your disclaimer correct?
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