Debit Card Surcharges May Be Banned By 2026

[SCM]

Found the thing going on in the US

Protect Your Points - The Points Guy

Proposed legislation in the U.S. House and Senate could devastate the future of credit card points including cash back and travel rewards, while putting your financial security at risk.

thepointsguy.com

I suspect that will be us before too long as well.

 

[levelnine]

The irony of the Durbin Act in the US is that it has made debit cards more lucrative because they carved out so many exceptions lol.

Also, Mastercard and Visa are not going to let this pass without a fight. They've threatened to remove fraud protections for customers: Mastercard, Visa make pre-emptive attack on RBA card fee restrictions