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Credit Card charges

Community Veteran
Posts: 8,297
Thanks: 814
Fixes: 9
Registered: 02-08-2007

Credit Card charges

I thought the government had put a limit on the amount charged for using a credit charge at 0.6%  of the total cost of the purchase but it seem some firms are still ripping off customers with 2% to 3% charges.

Far better that some sort of government legislation was brought in rather than just recommendations which firms can choose to ignore.

2 REPLIES
Community Veteran
Posts: 38,460
Thanks: 1,027
Fixes: 62
Registered: 15-06-2007

Re: Credit Card charges

I haven't checked but wasn't the limit related to the amount the credit car companies charge the retailer not where a retailer stuffs a charge onto the customer

Community Veteran
Posts: 18,601
Thanks: 211
Registered: 12-08-2007

Re: Credit Card charges

@gleneagles If I remember correctly this ruling came from the EU. @Oldjim you're right it is the interbank rate that is capped.

 

Card Charges