How business credit card points will change after October 1 surcharge ban
A new analysis of commercial credit cards suggests rewards for business spending will change as the RBA clamps down on surcharging.
The end of card surcharging will change the rewards offered to consumers every time they spend, but a new analysis of commercial credit cards suggests rewards for business spending will change, too.
Money.com.au has examined business credit cards offered by the Big Four banks, and St. George, BankSA and Bank of Melbourne, finding changes to award point calculations, insurance coverage, and interest-free days.
Those tweaks add a new dimension to the card surcharge ban, which will force thousands of retailers, hospitality providers, and other consumer-facing businesses to shoulder the cost of accepting card payments.
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