Australia is set to ban credit card surcharges from October 1 under new rules. Banks are changing loyalty perks on the same day. Credit card points and rewards will be cut from next month. The change affects businesses across the country that add surcharges to card transactions. 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 surcharge ban and the bank reward cuts will start together from early October as announced.