Article by KEITH BRADSHER
Post by David Held
SYDNEY — When Steve Franklin bought four plane tickets on Qantas last June, he faced an unexpected expense: a surcharge of 7.70 Australian dollars on each of the 136.70 dollar ($126) tickets — just for using his Visa credit card.
Mr. Franklin, who planned to fly his parents and his 7-year-old twin daughters from Sydney to Adelaide, knew that changes to credit card rules had affected the cost of using plastic, but the extra 5.6 percent seemed excessive.
The charges were the consequence of changes in credit card rules in Australia that were aimed, in part, at reducing the cost of hidden fees for using plastic. But the law, passed six years ago, also allowed merchants to tack on new charges, and many have done just that, in some cases with fees that exceed the old ones.
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I think it is interesting that many people would oppose such charges but may not realize that these charges are being hidden on a typical card agreement. Out of sight, out of mind! I think in reality most people would prefer the hidden charges to these "in your face" charges.
ReplyDeleteI agree with the statement above. A lot of people prefer the hidden charges over the obvious ones. Personally, I try to avoid to use my credit card whenever possible because I connect credit cards with high fees.
ReplyDelete- Stefanie Marty