Australia is set to ban credit card surcharges from October 1 under new rules. Banks are changing loyalty perks then. Credit card points and rewards are set to be trimmed from next month. The change impacts businesses across the country that pass on card fees. Businesses that add fees must adapt before the ban.
A pub owner is considering cash only prior to the ban. News reports indicate the change is just 19 days away at this point. The ban on credit card surcharges and the bank reward cuts are set to begin together from early October as announced.