4% credit card charge on todays purchase

chattychappy · 16 April 2013 at 8:55AM

Doubt if the new rules would apply to a contract entered into BEFORE the rules took effect. (They might not apply anyway in the case of a finance agreement.)

As for "making it clearer", I think this depends. If it was always clear from the start that the balance could be paid off by CC, then I agree - the 4% should be made just as clear. Else I don't think you are entitled to assume you can pay the balance due under a credit agreement by a credit card - so if you are offered this then it can be on the basis of a surcharge.

zerog · 16 April 2013 at 9:30AM

chattychappy wrote: »

Doubt if the new rules would apply to a contract entered into BEFORE the rules took effect. (They might not apply anyway in the case of a finance agreement.)

As for "making it clearer", I think this depends. If it was always clear from the start that the balance could be paid off by CC, then I agree - the 4% should be made just as clear. Else I don't think you are entitled to assume you can pay the balance due under a credit agreement by a credit card - so if you are offered this then it can be on the basis of a surcharge.

Your other points are valid, but surely companies shouldn't be allowed to get away with high surcharges just because they can claim the customer/debtor doesn't have to pay by CC..?