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Thread: Credit Card Surcharges... Again?

  1. #21
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    Re: Credit Card Surcharges... Again?

    Quote Originally Posted by PirateMk1 View Post
    I remember when banks said they wouldn't charge a surcharge on debit cards. I guess they lied.
    I don't recall banks saying that they would not ever do so, simply that to get you hooked they did not at first. My current bank, Wells Fargo, now charges a $10/month fee unless I make (at least) 10 debit card purchases during that month. The bank either gets their due from the vendors or from me - the vendors simply seem to want me to pay my own bank fees.
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  2. #22
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    Re: Credit Card Surcharges... Again?

    Quote Originally Posted by ttwtt78640 View Post
    I don't recall banks saying that they would not ever do so, simply that to get you hooked they did not at first. My current bank, Wells Fargo, now charges a $10/month fee unless I make (at least) 10 debit card purchases during that month. The bank either gets their due from the vendors or from me - the vendors simply seem to want me to pay my own bank fees.
    I don't know. I distinctly remember those sorts of promises its one of the reason I went the debit card route. Otherwise I would still be using checks. I may be going back to credit cards though and using the float again.
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  3. #23
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    Re: Credit Card Surcharges... Again?

    Quote Originally Posted by GottaGo View Post
    An Easing of Rules on Charges by Amex - Yahoo Finance

    Here we go again.... and not for the good of the consumer. For those of us who use credit cards as a means of keeping track of expenses, our expenses possibly just went up. Me, I'll be favoring those merchants who don't implement the surcharge, at least not as a visible difference in pricing.

    Interestingly enough, most business accounts at banks also charge for the handling and depositing of cash into the account, so why would they single out credit cards?
    Hopefully enough people will stop shopping at the stores that start doing this that it won't really take off.

    If it does, I'll just go back to using my debit card. Only reason I have a credit card in the first place is for the cash back. I wonder if you'll start to see credit card companies promising to refund customers who have to pay the service charge, kind of like banks do with using other banks' ATMs. Otherwise I see credit card use dropping noticeably.
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  4. #24
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    Re: Credit Card Surcharges... Again?

    Let's see how it takes off first. You can ask Dick Durbin if tacking on fees all willy-nilly means that they'll stick.

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