ANZ class action

[gaz0303]

Has anyone else received class action details from Phi Finney McDonald regarding interest being charged on interest free credit cards? First I have heard about it and I'm sure I only had the card to churn. Don't recall any issue at the time.

 

[pjm99au]

Yes I have but I was a long term holder of an ANZ card over the claim period

 

[Ktan89]

I got one too. I don't think I was ever charged interest since I pay on time though. Is this a scam or what?

 

[NamarrgonFlyer]

Not a scam.

ANZ Credit Cards Class Action | Phi Finney McDonald

phifinneymcdonald.com

 

[jkbaus]

Got it as well.
I have never paid interest on any credit card that I have had.

Have had ANZ travel adventures card for many years.
I did not register for the class action.

Concerned that this sender has my email address.

 

[Be.au]

Got it as well.
I have never paid interest on any credit card that I have had.

Have had ANZ travel adventures card for many years.
I did not register for the class action.

Concerned that this sender has my email address.

You don't have to register for the court to force ANZ to hand over group member details in the first place.

ANZ identified you as a group member, and the Court ordered ANZ to provide us with your information so that we could contact you to participate in the settlement.

 

[yachty]

I got it too and was also unaware of the class action. I had an ANZ card for a short period only several years ago.

 

[Ktan89]

So are we all registering to see what funds we are receiving for Christmas this year?

 

[JohnK]

I posted this in another thread. I thought it was scam.

I've paid lots of interest. I never check but wouldn't be surprised if ANZ or any other institution has cheated. They used to get away with it easily but are now held accountable which is good.

 

[oz_mark]

Seems to relate to the way banks used to backdate interest if you missed paying the full amount by the interest free date.

 

[pjm99au]

So are we all registering to see what funds we are receiving for Christmas this year?

There seems no reason not to join in on the settlement unless someone was prosecuting their own individual claim

 

[MEL_Traveller]

There seems no reason not to join in on the settlement unless someone was prosecuting their own individual claim

or unless you never paid any interest!

 

[pjm99au]

or unless you never paid any interest!

IMO still not a reason not to join. This is a settlement list subject to the court signing off on the settlement terms. Nothing to lose and you may get lucky

 

[Mwenenzi]

I got one too. I don't think I was ever charged interest since I pay on time though. Is this a scam or what?

Got the same email
Long time ANZ customer (1980). But have never paid interest on any credit card for any bank.
ANZ web site

ANZ agrees to settle credit cards class action

media.anz.com

Many trying to clip the ticket

Banking Class Action by ANZ & ASB Customers

A consumer class action on behalf of over 150,000 ANZ and ASB customers. Find out if you are eligibile to join the class action.

www.bankingclassaction.com

https://www.slatergordon.com.au/class-actions/current-class-actions/consumer-credit-insurance/anz-consumer-credit-insurance

ANZ Credit Cards Class Action | Phi Finney McDonald

phifinneymcdonald.com

 

[33kft]

If I do get compensation for this, it would be easily the 4th or 5th time as an ANZ customer that this has happened. I had a run of about 10 years where every 2 or 3 years they would send me a cheque because they calculated mortgage interest incorrectly. I suspect I will be due another one soon, but I guess there is a chance they fixed their antiquated systems. I tried to deposit one of those cheques at an ANZ branch and they informed me that the issuer (ANZ) had made an error by using my initials and not first name...

I am not a great fan of ANZ but I will yet again gladly take their money if I am owed any.

 

[cosi]

I have registered - its simple and easy.

Happy to get some coin back from ANZ.

 

[exceladdict]

I got one too. I don't think I was ever charged interest since I pay on time though. Is this a scam or what?

IMO still not a reason not to join. This is a settlement list subject to the court signing off on the settlement terms. Nothing to lose and you may get lucky

Came here to ask the same question. Have certainly held anz cards but don't recall ever paying interest. Trying to determine the ethics of it on these grounds!

 

[gaz0303]

In the same boat…I haven’t been wronged so jumping onto a legal action doesn’t seem right.

 

[oz_mark]

I have registered. Don't particularly remember paying interest, but may have happened. They may find I am due for 0 as well.!

 

[PDog]

I registered - we accidently missed paying the full amount when overseas, and the interest continued for a number of statements, albeit small amounts.