A 4% Surcharge for Using a Credit Card?! Now Legal — but Not Likely

January 31, 2013

Starting on Sunday, Jan. 27, retailers will be allowed to tack a surcharge of up to 4% onto your tab if you want to pay with a credit card. If that sounds like a lot, you’re right. Happily, though, it’s unlikely to happen very often.  For years, card issuers have been making lots of money off so-called interchange fees.

Read full article here.