Australia is set to ban 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 are set to be trimmed from next month. The change will hit businesses across the country that add surcharges to card transactions. Businesses that add fees will have to change their systems.
A pub owner may switch to cash only before the ban. News reports indicate the change is just 19 days away as things stand. The new surcharge ban plus the bank reward cuts will start together from early October as planned.