Card surcharge changes [#274]

From October, card surcharges will become a thing of the past. But while the change promises savings for cardholders, it could have ripple effects beyond the checkout.

On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Adele Eliseo, founder of The Champagne Mile, to explain what’s changing, who’s likely to benefit and why credit cardholders need to pay close attention.

00:00 Introduction
01:34 What happens to card surcharges from October?
03:42 Why are card surcharges being banned?
04:40 How much are consumers likely to save?
05:32 The impact on rewards credit cards
07:03 How banks are already changing rewards programs
08:27 What rewards card holders should do now
10:10 Conclusion
#friendswithmoney #tomwatson #adeleeliseo #creditcards

Podcast Links:
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
Listen on Spotify: https://spoti.fi/3fSPI2h
Website: https://moneymag.com.au
Email: podcast@moneymag.com.au
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