No more QF or DJ credit card booking fees?

[Jleno]

Probably wishful thinking to expect it gone completely, but finally something is being done about it. RBA cracks down on credit card charges

So thoughts:

1. should we all try to guess what the new "reasonable" credit card charges will end up being?

2. I wonder if average airfares will creep up just to cover this lost revenue stream (and more).

 

[elbarto]

To me, $0 is reasonable.

 

[yohy?!]

I expect it will change to a % that would cover the merchant charge and something for 'administration' costs - 3%?

 

[oz_mark]

I expect round 1 will be everyone arguing their current fees are reasonable.

 

[Hvr]

I expect round 1 will be everyone arguing their current fees are reasonable.

And round 2 will be complaints by merchants about how much they are losing on credit card sales and why the fees should rise.

 

[Pleb Status]

The CC surcharge should be capped at a maximum of what the CC provider charges the merchant. No additional amount should be added for 'administration' expenses as all forms of payment, including cash, have these expenses.

Allowing companies to charge an uncapped surcharge was always an invitation for companies like QF to gouge their customers. The RBA/ACCC where very ignorant to think otherwise.

 

[Leumas]

While I dislike cc surcharges as much as the next guy, what would be reasonable especially for international fares? If you buy a $2000 ticket, 1% is $20, 3% is $60. QF currently charge a flat $25. I'm just worried if they decide to switch over to a flat percentage fee. If you buy two $2000 tickets, you may be paying $120 if you pay by Amex!

However, there's definitely room to move for domestic fares. Similarly, as much as QF is the media's whipping boy, DJ is on an even more stupid model. DJ actually charge more ($9 vs $7.70) on a return trip by charging each segment.

One suggestion I do have is if you pay by a merchant co-branded cc, you don't have to pay this fee. They're pushing us to use their cards and normally have to pay a high membership fee already, so why should we pay again?

Regardless, I think cc fees are part of every day business, so $0 seems fair.

 

[Isochronous]

Hopefully we can get rid of these.

 

[spudseamus]

Define reasonable? --- and do you think they are going to forgo this type of charge? -- "ok lets keep in with the Gov. delete that charge " (shhh! slip in in somewhere else)

 

[JohnK]

It would be nice to see it happen but I am still sceptical.

I expect round 1 will be everyone arguing their current fees are reasonable.

There is nothing reasonable about paying $7.70 to book a $65 flight. Well over 10% credit card surharge.

While I dislike cc surcharges as much as the next guy, what would be reasonable especially for international fares? If you buy a $2000 ticket, 1% is $20, 3% is $60. QF currently charge a flat $25. I'm just worried if they decide to switch over to a flat percentage fee. If you buy two $2000 tickets, you may be paying $120 if you pay by Amex!

There should be some sort of limit on total charge but $25 credit card surcharge for a $10,000 flight seems a little out whack with a $7.70 surcharge for a $65 flight.

Why is it so difficult to incporporate credit card surcharges into the airfare? Airfares increase and appear to be out of reach for some people?