Australia is set to ban credit card surcharges from October 1 under new rules. Banks are set to revamp loyalty perks then. Credit card points and rewards will shrink from next month. The change will hit businesses across the country that pass on card fees. Businesses that add fees will have to change their systems.
A pub owner may switch to cash only ahead of the ban. News reports note the change is just 19 days away right now. The ban on credit card surcharges and the bank reward cuts are due to take effect together from early October under the same timeline.