You may be saving money if you use a debit card from now on, instead of a credit card.
As of Sunday (January 27) stores in most states can now charge customers an extra fee for using a credit card.
It's all part of a settlement between Visa, MasterCard and nine banks. Because of the settlement, merchants can now pass on fees the credit issuers make them pay, which means you could be charged 1.5 to 3% more on a purchase if you choose to charge it.
The fee only applies to credit cards, not debit cards or VISA gift cards.
According to a statement on Visa's website, stores are required to tell customers they are charging the fee. They will be required to hang signs warning customers of the fee, and tell them about it before check out.
Experts suggest if you don't want to pay the fee to use a debit card or carry cash.
As of Sunday (January 27) stores in most states can now charge customers an extra fee for using a credit card.
It's all part of a settlement between Visa, MasterCard and nine banks. Because of the settlement, merchants can now pass on fees the credit issuers make them pay, which means you could be charged 1.5 to 3% more on a purchase if you choose to charge it.
The fee only applies to credit cards, not debit cards or VISA gift cards.
According to a statement on Visa's website, stores are required to tell customers they are charging the fee. They will be required to hang signs warning customers of the fee, and tell them about it before check out.
Experts suggest if you don't want to pay the fee to use a debit card or carry cash.