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The Forum > Article Comments > RBA regulations could eat your frequent flyer points > Comments

RBA regulations could eat your frequent flyer points : Comments

By Fred Roeder, published 25/11/2015

The RBA plans to reduce the amount credit card companies are allowed to charge vendors. This may sound like a consumer-friendly proposal, but it will hurt frequent flyers and small business owners.

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This writer forgets that credit cards are for the benefit of consumers; not for retailers.
There is one way of limiting the charges on them, and that is by the shopping public to use cash only.
Forget the so-called convenience of credit cards - what is convenient about using a card as a temporary substitute for cash? The cost has to be paid ultimately and it doesn't matter in what form.

A marketing benefit may be for smart small retailers to display signs stating a lower discount price for cash, versus the use of a card. This would give a monetary benefit to rival so-called "rewards", and help to reduce the intrusive domination of cards into our shopping.
Posted by Ponder, Wednesday, 25 November 2015 11:05:27 AM
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With a number of shops if you ask for a discount for paying cash they will give you one, this indicates to me that some shops have upped the price to compensate for the fees they are charged.

Bet the price of things will not be reduced if the fees are removed or lowered.
Posted by Philip S, Wednesday, 25 November 2015 12:34:58 PM
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Corrected.

With a number of shops if you ask for a discount for paying cash they will give you one, this indicates to me that some shops have upped the price to compensate for the fees they are being charged.

Bet the price of things will not be reduced if the fees are removed or lowered.
Posted by Philip S, Wednesday, 25 November 2015 12:36:50 PM
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Any regulatory change will disadvantage those who are gaming the system. But most small businesses are not in a position to do so and will welcome the lower charges.
Posted by Aidan, Wednesday, 25 November 2015 3:15:14 PM
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While regulating against charging whatever one wants for voluntary goods and services is wrong, I have no empathy for the author's crocodile tears.

Those small retailers in question have been visually polluting their shops with ads and cheating their customers, often tempting them to purchase something they don't need (what if they don't want or cannot fly with the given airlines?).

If you want to fly at the end of the year, then why can't you instead pay a few cents less in the shops and whenever you make a purchase drop those cents in a piggy-bank - open it on Christmas and enjoy a good and safe flight!
Posted by Yuyutsu, Wednesday, 25 November 2015 6:30:26 PM
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From a small retailers prospective I would like to see all credit cards attracting the same fee. At present my fees on card purchases range from 0.9 to 3.5% and this variation sees higher fee cards getting better fly by points. Its not rocket science because you get nothing for nothing and when you get that discounted holiday flight, someone has paid the gap.
Posted by rehctub, Wednesday, 25 November 2015 8:00:34 PM
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