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Will the Possible Imposition of Credit Card Fees Change Your Spending Habits?

A fee of up to 4 percent of a credit card purchase could be added to your bill.

You may want to think twice before you pull out your credit card from now on. According to Time Magazine, a controversial federal court ruling last year gave retailers the go-ahead to tack bank surcharges for credit card purchases onto customer bills from Jan. 27, 2013. Bank fees between 2 and 4 percent of a credit card purchase had traditionally been covered by retailers making the sales, but smaller businesses without the backing of major corporations usually felt the brunt of these charges. 

Ten states prohibit passing fees on to credit card users — New York, California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, Oklahoma and Texas — but not Georgia.

Customers can avoid the charges by paying with debit cards or prepaid cards. According to a Time Magazine report on the issue, stores must warn customers with a sign on the door before charging the fees, and not all retailers will pass on the fees for fear of alienating customers.

Will this change your future shopping habits? Are you more likely to avoid paying with a credit card in the future?

Charlie Russell January 29, 2013 at 08:08 PM
Please call the Governor and ask why. If he gets his phones slammed for a week or two he may decide it isn't worth it. As for me, I won't be voting for him again. His telephone number is: (404) 656-1776. Guess he thinks the last four digits makes him some kind of patriot.
Msgoff January 29, 2013 at 09:15 PM
After reading your comment this thought came to me: In politics it's the same old ball game, but with a different quarterback. Do you understand what I mean? And every quarterback is going to be or do better than the previous one. This BUSINESS of politics is out-of-control.
Charlie Russell January 29, 2013 at 10:03 PM
Dear Msgoff, I couldn't agree more.
Jim S February 08, 2013 at 02:54 AM
Meet the new boss, same as the old boss.....
Charlie Russell February 08, 2013 at 04:13 AM
Thanks for all of the response. If anyone has any ideas, please let me know. I'll be happy to try anything.


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