http://www.examiner.com/article/cred...s-january-2013
Quote:
Most customers are surprised to find out that there is a new 4% credit card surcharge when they pay with a credit card; online and in stores. Merchants are now legally allowed to charge customers up to an extra 4% for using their credit cards according to a Time Jan. 25, 2013, report.
“Starting on Sunday, retailers will be allowed to tack a surcharge of up to 4% extra onto your tab if you want to pay with a credit card.”
For years, most credit card issuers have been charging merchants “so-called interchange fees” which earned credit card companies a lot of money.
“Under a multi-billion dollar proposed legal settlement, some merchants can begin this Sunday to charge consumers for using a credit card,” reports CBS Pittsburgh and provides a video about the new credit card surcharge.
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I saw on the news last night that this could happen in Canada really soon. If so I'll quickly be dispensing of my rewards credit card and use debit again.
Also related on the news story was some places could refuse the use of rewards credit cards? Good lord. Credit Card companies and bankers are just the most evil of all scum.
EDIT:
http://www.cbc.ca/news/business/stor...mpetition.html
heres a CBC article for us in Canuckistan