Beware of new credit card surcharges

Beware of new credit card surcharges

Posted: Updated:

Retailers got the go-ahead to pass along some extra charges to you, but not without some rules attached.  You might not have noticed them just yet, but you should be on the lookout. 

In January, merchants settled a class-action lawsuit with credit card companies and some big banks.  The result?  Merchants can now pass along to you their charge for doing business with the credit card companies.  This means your purchase could have an extra 2-4 percent tacked on. 

According to the Governor's Office of Consumer Protection, retailers will have to have a sign in their front window warning you that you will be charged, and tell you the exact amount. 

If you use a credit card for an online purchase, the warning might be easier to miss at first. The FTC Bureau of Consumer Protection says the warning is only on the first page where you're prompted to type in your credit card information.

According to the state, those surcharges are only allowed to appear on VISA and MasterCard charges.  Right now, people using American Express or Discover won't face the extra charge, but that could change.

One very helpful reminder: A merchant can never impose a surcharge on a debit card purchase.

  • I-Team Story ArchiveMore>>

  • RAW VIDEO: I-Team's undercover visit to Boggs Mountain

    RAW VIDEO: I-Team's undercover visit to Boggs Mountain

    Thursday, April 24 2014 1:43 PM EDT2014-04-24 17:43:54 GMT
    Trial is set May 12 in Rabun County for a case uncovered by the Fox 5 I-Team that continues to trouble animal lovers across the country. Lowanda "Peanut" Kilby faces 60 counts including theft by taking, theft by deception and racketeering.
    Trial is set May 12 in Rabun County for a case uncovered by the Fox 5 I-Team that continues to trouble animal lovers across the country. Lowanda "Peanut" Kilby faces 60 counts including theft by taking, theft by deception and racketeering.
  • Identity Protection Bill Signed into Law

    Identity Protection Bill Signed into Law

    Thursday, April 24 2014 11:28 AM EDT2014-04-24 15:28:15 GMT
    With a stroke of the governor's pen, a new law that could help protect your identity now goes into effect. Republican State Senator John Albers says his bill, now law, will prohibit public disclosure of private information in court documents.
    With a stroke of the governor's pen, a new law that could help protect your identity now goes into effect. Republican State Senator John Albers says his bill, now law, will prohibit public disclosure of private information in court documents.
  • Fox 5 I-Team

    Cheap vs. Frugal

    Cheap vs. Frugal

    Wednesday, April 23 2014 9:15 AM EDT2014-04-23 13:15:25 GMT
    There is nothing wrong with saving a buck, but can you cross the line? There is a difference between being cheap and being frugal.
    There is nothing wrong with saving a buck, but can you cross the line? There is a difference between being cheap and being frugal.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Good Day ArchiveMore>>

  • Hidden Treasures: April 24

    Hidden Treasures: April 24

    Thursday, April 24 2014 9:32 AM EDT2014-04-24 13:32:15 GMT
    We asked you to share your hidden treasures with us, and boy, did you ever! We got dozens of emails from viewers who wanted to know what the items they had stashed away are worth.
    We asked you to share your hidden treasures with us, and boy, did you ever! We got dozens of emails from viewers who wanted to know what the items they had stashed away are worth.
  • Weekend Event Celebrates "Anything With A Motor In It"

    Weekend Event Celebrates "Anything With A Motor In It"

    Thursday, April 24 2014 9:10 AM EDT2014-04-24 13:10:13 GMT
    If you spend your days fixing up cars, reading car magazine, and dreaming about that car you've always wanted...you might be a car enthusiast.
    If you spend your days fixing up cars, reading car magazine, and dreaming about that car you've always wanted...you might be a car enthusiast.
  • Safely restrain pets with the PupSaver

    Safely restrain pets with the PupSaver

    Thursday, April 24 2014 8:07 AM EDT2014-04-24 12:07:29 GMT
    Most people treat their dogs just like their children. However, when it comes to dog safety in the vehicle, many drivers are buckling the children up but not safely restraining their pets.
    Most people treat their dogs just like their children. However, when it comes to dog safety in the vehicle, many drivers are buckling the children up but not safely restraining their pets.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices