Will there be a surcharge to use a credit card? It depends on who you ask
News from NewsNet5.com:

CLEVELAND – There is a lot of debate about “checkout fees” or a surcharge if you use a credit card for a purchase.

Stores will be allowed to do this starting Sunday, but the National Retail Federation says it’s just credit card propaganda and it’s unlikely consumers will be hit with the fees. In the weekly money-saving segment, Joe Daugirdas aka Joe the Coupon Guy discussed the issue.

Daugirdas said he thinks it would turn customers away from a business if there was a fee to use credit. Many consumers use credit to earn rewards points.

If you see the fees, let me know on Facebook and Twitter. To learn more about the issue, read our earlier story.

Daugirdas also discussed savings at Rite Aid on cereal and milk. You can get a free gallon of milk when you purchase four boxes of cereal.

Daugirdas likes the UP Reward program at Rite Aid and suggests you try out a new store and their money-saving policies this year. It might turn you on to a new way to save.

If you need to find new ways to save money this year, how about fishing? Daugirdas said Lake Erie has more fish than all the Great…………… continues on NewsNet5.com

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A 4% Surcharge for Using a Credit Card?! Now Legal — but Not Likely
News from TIME:

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Starting on Sunday, Jan. 27, retailers will be allowed to tack a surcharge of up to 4% onto your tab if you want to pay with a credit card. If that sounds like a lot, you’re right. Happily, though, it’s unlikely to happen very often. 

For years, card issuers have been making lots of money off so-called interchange fees. Until financial regulators and lawyers dragged this obscure term into general discourse, most people had no idea what an interchange fee is. (Still don’t? It’s the fee, typically about 2%, that a store pays your bank when you use a credit card at checkout.) For low-margin businesses like supermarkets as well as mom-and-pop stores that don’t have the clout of their big-box brethren to negotiate lower rates, these fees cut into profits in a big way.

But in a contentious legal ruling that is still being disputed, a U.S. District Court determined last year that merchants are allowed to pass along the cost of those credit-card interchange fees to customers. Consumer advocates say permitting surcharges is a slippery slope. ”If a national sales tax of 2, 3, or 4 perc…………… continues on TIME

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