How frustrated do you get when you step out for a bit of shopping only to discover on your next credit card statement you’ve been slapped with surcharges?
In May, the Reserve Bank of Australia announced it would crack down on excessive surcharges, which is terrific if you currently use your credit card to pay for flights and hotels, events or even taxis.
What the RBA changes mean is that you will only be charged the actual cost of processing a card payment by the merchant instead of being hit with excessively high costs.
According to consumer watchdog Choice, these changes will “leave more money in our pockets”, with credt card surcharges said to total around $800 million each year.
While the convenience of having a credit card comes at a price, there are ways in which you can avoid paying any surcharge costs entirely when you shop online.
Here are several options that will help you avoid those nasty credit card surcharges altogether: