Australia is banning credit card surcharges from October 1 after a policy shift. Banks are set to revamp loyalty perks on the same day. Credit card points and rewards will shrink from next month. The change will hit businesses across the country that charge extra for card payments. Businesses that add fees will have to change their systems.
A pub owner is thinking about moving to cash only prior to the ban. News reports indicate the change is just 19 days away as things stand. The ban on credit card surcharges and the bank reward cuts are due to take effect together from early October as planned.