How are the new credit card charge rules going to affect?

How are the new credit card charge rules going to affect?

The new rules are said to affect premium credit cards by capping the fees banks received from credit card companies when transactions occurred (from 2% to 0.8%). In particular this will affect American Express cards issued by banks as "companion cards" to Visa and MasterCards. The cap will lower how much revenue the banks receive from interchange fees, especially from the "premium" cards such as Amex companion cards. 

As the interchange fees go down - so does the 'profit' on the cards, which means the points earn is also likely to fall (unfortunately).

Would also expect presure on the airlines to move to %ge fees for ticketing, rather than the current flat fee

FYI, AusBT will be publishing a feature story on these interchange fee cuts, likely early next week, and what they mean for cardholders . :)

The current flat fees on International flights are excellent, especially when booking in a premium cabin.  Those fares will cost us much more when it's changed to a percentage.

You pay the fee!! :-/