Podknife - 424 – Should You Be Charged a Fee for Using Credit Cards? by Debt Free in 30

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424 – Should You Be Charged a Fee for Using Credit Cards?

Podcast |: Debt Free in 30
Publisher |: Doug Hoyes
Media Type |: audio
Podknife tags |: Investing,; Personal Finance
Categories Via RSS |: Business,; Investing
Publication Date |: Oct 15, 2022
Episode Duration |: 00:30:52

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

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