3 replies


Qantas - Qantas Frequent Flyer

Member since 03 Apr 2016

Total posts 1

is anyone able to advise/ confirm if the following will be legislated and no business can charge more than the capped fee for usage of a credit card to pay for flights, goods, cruises, travel agents, services etc?

All that changes from July 1 2017, when the interchange fees will be capped at 0.8% for all Australian-issued Visa and MasterCard credit cards, as well as American Express 'companion cards' issued by ANZ, Commonwealth Bank, NAB and Westpac in their popular two-card 'combo' packages.


Member since 18 Feb 2017

Total posts 3

I don't think your interpretation of what this means is likely to be correct.  This is only the fees that the banks are charged, but on top of that you have the fees that the bank charges the merchant, normally itself more than 0.8%.


Member since 03 Nov 2014

Total posts 130

The changes limiting the amount merchant's can charge has already been introduced (Sept 2016 from memory), that's why Qantas & Virgin changed their Credit Card fee structures.

Last editedby Greg84 at Apr 26, 2017, 11:49 AM.


Qantas - Qantas Frequent Flyer

Member since 16 Jun 2011

Total posts 233

There are different types  of fees involved, and the two rules affect two different fees.

Interchange Fees - these are fees paid to your bank (as issuer of the card), when you use your card. This is the fee being limited to 0.8%

Merchant Fees - these are the fees charged by the merchants banks when you use your card at that particular business. This is the fee that is used to determine the amount a business can surcharge (and will generally be more that the Interchange fee)

Hi Guest, join in the discussion on new capped credit card fees

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