Australia is banning credit card surcharges from October 1 under new rules. Banks are changing loyalty perks at that time. Credit card points and rewards will shrink from next month. The change will hit businesses across the country that add surcharges to card transactions. Businesses that add fees will have to change their systems.
A pub owner may switch to cash only prior to 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.