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> New Credit Card Fee On The Way
southyards
post Jan 28 2013, 11:55 AM
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Here we go - another "Fee" ! They might call it an "Exit" fee, "Convienience Fee", "Service Fee" or something else. Some stores might do it, some might not. For an explanation, go to:

http://www.abc15.com/dpp/money/personal_fi...-customer-bills

Beginning this week, merchants may charge up to a 4% premium for people who use credit cards for their purchases. A settlement in a legal action between card companies and merchants has triggered that fee. Now, merchants will have to decide whether to take the risk of trying to collect it, or possibly drive customers to competitors who do not.

Consumer advocates have advised shoppers to use debit cards or cash to get around the fee. That is inconvenient for people who do not have them.

The trigger to the fees becoming widespread probably will be whether America's largest merchants charge them. If Wal-Mart Stores Inc. (NYSE: WMT) and Target Corp. (NYSE: TGT) waive the option, smaller retailers will face the loss of customers if they charge the fee. According to TIME:
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