Beware of new credit card surcharges - FOX13 News, WHBQ FOX 13

Beware of new credit card surcharges

Posted: Updated:

Retailers got the go-ahead to pass along some extra charges to you, but not without some rules attached.  You might not have noticed them just yet, but you should be on the lookout. 

In January, merchants settled a class-action lawsuit with credit card companies and some big banks.  The result?  Merchants can now pass along to you their charge for doing business with the credit card companies.  This means your purchase could have an extra 2-4 percent tacked on. 

According to the Governor's Office of Consumer Protection, retailers will have to have a sign in their front window warning you that you will be charged, and tell you the exact amount. 

If you use a credit card for an online purchase, the warning might be easier to miss at first. The FTC Bureau of Consumer Protection says the warning is only on the first page where you're prompted to type in your credit card information.

According to the state, those surcharges are only allowed to appear on VISA and MasterCard charges.  Right now, people using American Express or Discover won't face the extra charge, but that could change.

One very helpful reminder: A merchant can never impose a surcharge on a debit card purchase.

  • I-Team Story ArchiveMore>>

  • 3 easy options for checking your credit score

    3 easy options for checking your credit score

    Friday, August 22 2014 8:47 AM EDT2014-08-22 12:47:59 GMT
    Everybody is entitled to a once-a-year free credit report. But, it's always been a little confusing because if you wanted your credit score that goes with it then you had to pay. There are options out there.
    Everybody is entitled to a once-a-year free credit report. But, it's always been a little confusing because if you wanted your credit score that goes with it then you had to pay. There are options out there.
  • Dr. Commander cries on witness stand

    Dr. Commander cries on witness stand

    Thursday, August 21 2014 10:12 PM EDT2014-08-22 02:12:43 GMT
    The man who claims to have thousands of Hindu followers around the world took the witness stand in his federal money laundering trial and broke down in tears.
    The man who claims to have thousands of Hindu followers around the world took the witness stand in his federal money laundering trial and broke down in tears.
  • Developer: Kenerly never asked for bribe

    Developer: Kenerly never asked for bribe

    Wednesday, August 20 2014 10:18 PM EDT2014-08-21 02:18:28 GMT
    Prosecutors considered him their key witness, a longtime Gwinnett developer given immunity to spill what he knew about corruption inside county government. David Jenkins testified before a Gwinnett grand jury in 2010. He also met multiple times with prosecutors. Those interviews were videotaped. Four years later, prosecutors agreed to a no contest plea bargain with former commissioner Kevin Kenerly on one count of bribery. He will serve 10 years on probation and pay a $10,000 fine.
    Prosecutors considered him their key witness, a longtime Gwinnett developer given immunity to spill what he knew about corruption inside county government. David Jenkins testified before a Gwinnett grand jury in 2010. He also met multiple times with prosecutors. Those interviews were videotaped. Four years later, prosecutors agreed to a no contest plea bargain with former commissioner Kevin Kenerly on one count of bribery. He will serve 10 years on probation and pay a $10,000 fine.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Good Day ArchiveMore>>

  • Back to School Jamboree with Hosea Feed The Hungry

    Back to School Jamboree with Hosea Feed The Hungry

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

  • Good Day Atlanta

    Pike Nurseries: Gardening in small spaces

    Pike Nurseries: Gardening in small spaces

    Friday, August 22 2014 9:00 AM EDT2014-08-22 13:00:20 GMT
    Sometimes less can be more! A small space shouldn't limit your garden or your imagination—hanging baskets, containers, window boxes, espaliered fruit trees….they're all great ways to made a big gardening impact – even on the most limited high rise balcony!
    Sometimes less can be more! A small space shouldn't limit your garden or your imagination—hanging baskets, containers, window boxes, espaliered fruit trees….they're all great ways to made a big gardening impact – even on the most limited high rise balcony!
  • Kennesaw celebrates BBQ festival

    Kennesaw celebrates BBQ festival

    Friday, August 22 2014 8:52 AM EDT2014-08-22 12:52:25 GMT
    Don't worry...that incredible aroma of smoke-cooked BBQ isn't just in your imagination. It's coming from Kennesaw, where the grills are fired up for an annual tradition.
    Don't worry...that incredible aroma of smoke-cooked BBQ isn't just in your imagination. It's coming from Kennesaw, where the grills are fired up for an annual tradition.
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices