424 – Should You Be Charged a Fee for Using Credit Cards?
Debt Free in 30
English - October 15, 2022 10:00 - 30 minutes - 44.4 MB - ★★★★ - 62 ratingsInvesting Business Education bankruptcy ontario canada consumerproposal debt debtfree Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 423 – How Debt Consolidation Becomes the ‘Never, Never Plan’
Next Episode: 425 – Is Having Bad Credit the End of the World?
Effective October 6, 2022, merchants may now add a credit card surcharge of up to 2.4% when you pay with a credit card. Will they? Or will customers revolt and boycott stores that charge the extra fee? Are we all going to switch to cash? How will this affect our budgets? And is this even fair to the consumer? Ted Michalos is back to discuss and offer lots of practical advice. Tune in.
Resources Mentioned in the Show:
What You Need to Know About the New Credit Card Surcharge: https://www.cbc.ca/news/credit-card-surcharge-faq-1.6610356
Loblaws Financial Statements: https://www.loblaw.ca/en/investors-overview
Canadian Tire Financial Statements: https://corp.canadiantire.ca/English/investors/financials-reporting/annual-disclosures/default.aspx