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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHy-Vee Addresses Credit Card Surcharge
WEST DES MOINES, Iowa Hy-Vee Food Stores assured shoppers that it will not charge a fee if they use a credit card.
You might have heard or read about new rules that allow merchants to charge customers a fee on credit card transactions as a way to recoup some of the costs associated with accepting this method of payment, the retailer wrote on its Facebook page Monday. Hy-Vee has no plans at this time to charge fees for using credit cards in our stores.
Hy-Vee made the statement in response to a policy change implemented Sunday allowing merchants who accept Visa and MasterCard credit cards to add a service charge to the purchase price. In the past, Visa and MasterCard prohibited merchants from charging the fees. The companies changed their position as part of a settlement of an antitrust suit.
Meanwhile, credit card surcharges are banned by law in 10 states: California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas.
Read More: http://supermarketnews.com/retail-amp-financial/hy-vee-addresses-credit-card-surcharge#ixzz2JM5vIstP
Berlum
(7,044 posts)...you really don't need another kick in the ass with some stinking surcharge for spending money you don't have.
Lesmoderesstupides
(156 posts)if I use it as a debit card, I am charged a fee.
This new fee law is a way by the banks to close that fee gap.
GeorgeGist
(25,294 posts)Oh noes!
Travis_0004
(5,417 posts)That said, not everybody is using a credit card because they have to, I get 6% cash back on groceries, so everything I buy is put on my credit card.
customerserviceguy
(25,183 posts)I run my groceries through my American Express, and pay the bill in full every month, often a couple times a month, before it comes due. I get multiple Hilton Honors points for each dollar spent (same from my cell phone bill, gasoline, and oddly enough, Internet purchases through eBay that I pay through PayPal), and about ever three or four months, I earn a free night at a Hampton Inn that I go to when I visit my folks out in the Pacific Northwest.
Would I do that if I had to pay a fee? Perhaps not, but as I buy nearly all my groceries in NY (gas is still cheaper in Jersey, even with the extra dime a gallon for credit) I probabaly won't have to worry about this.
Sherman A1
(38,958 posts)I use the card for pretty much everything to rack up the cash back bonus points. Turn that into gift cards for the nieces & nephews at Christmas time. Works out good for me.
Retrograde
(10,068 posts)it saves having to carry cash, I can download the transactions to my budgeting spreadsheet, and it doesn't cost me any more. And as a side bonus, I get points that I can occasionally cash in for a trip.
Some people who put everything on credit cards do have some sense of fiscal responsibility.