Attention shoppers: Another credit card fee is here
It could soon cost you more to shop with a credit card at some stores. As of this Sunday, Jan. 27, merchants who accept credit cards issued by Visa and MasterCard will be allowed to add a service charge to the purchase price.
Visa and MasterCard had always prohibited merchants from doing this. They agreed to change the rules and allow the surcharge as part of the settlement of an antitrust suit brought by retailers.
My response
When are we going to confess that it is Corporate America that is more responsible for much of our financial woes than the poor and the disadvantaged ?
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