{"id":576205,"date":"2026-03-31T11:47:09","date_gmt":"2026-03-31T11:47:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/576205\/"},"modified":"2026-03-31T11:47:09","modified_gmt":"2026-03-31T11:47:09","slug":"credit-debit-card-surcharge-fee-ban-to-start-in-australia-reserve-bank-announces","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/576205\/","title":{"rendered":"Credit, debit card surcharge fee ban to start in Australia, Reserve Bank announces"},"content":{"rendered":"<p>Credit card customers risk being slugged with higher fees and interest rates by the major banks as they scramble to plug a revenue hole created by the Reserve Bank of Australia\u2019s decision to end controversial surcharging on debit and credit cards.<\/p>\n<p>The practice will end in six months, which the central bank estimates will <a href=\"https:\/\/www.afr.com\/companies\/financial-services\/the-inequality-of-australia-s-digital-payments-system-20260302-p5o6ri\" rel=\"nofollow noopener\" target=\"_blank\">save consumers $1.6 billion a year. <\/a>But it is likely to mean higher credit card fees and interest rates \u2013 and less generous frequent flyer rewards \u2013 as banks respond to the RBA also cutting the cap on interchange fees.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Credit card customers risk being slugged with higher fees and interest rates by the major banks as they&hellip;\n","protected":false},"author":2,"featured_media":576206,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-576205","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/576205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=576205"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/576205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/576206"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=576205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=576205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=576205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}