What is your credit card limit?

[Toasty]

I paid interest the other day by accident. About $43.00. First time in years. I rang the bank to ask what it was because I was so surprised to see it. I had missed the final payment date by a day or something.

However the guy on the phone said that based on my record he would just credit it and carry on. I didn't even have to ask. I thought that was pretty cool really. They were in their rights to tell me to wear it...

[Perry]

RBA cracks down on credit card charges

The Reserve Bank has officially put an end to the credit and debit card
surcharge rort practised by Cabcharge, Qantas, Virgin et al – at last!

Well, AirNZ may find itself first to be shot down in flames,
if the RBNZ copies Oz. But, as the article says: who gets
to define what is reasonable?

Mind you, as AirNZ is (for now) largely gummint-owned, it
may be reluctant to do anything that would nibble at the
airline's bottom line and erode buyer interest.

[speights boy]

The deal also allowed businesses to pass on those surcharges to the consumer, and decide how much they should be, but they had to "reasonably reflect" the cost the business has paid the bank.
Business experts we speak to are worried some businesses are now charging much more than that, and say consumers need to push for tighter regulations.

We meet one Fair Go viewer who was outraged when she booked return flights for 3 people on Air New Zealand's website, and was charged a credit card fee per person, per leg, even though they were part of a single booking. Air New Zealand tell Fair Go why they charge per person, per journey, instead of per transaction.

tvnz.co.nz/fair-go/wednesday-may-16-4891431

[Perry]

Market followers, all the while saying they're
trying to be market leaders. Telecon did the
same with rounding up toll charges, (everyone
else does) so they could charge for something
not provided.

But the real fly in this unsavoury ointment is
the meddesome CommCon. They said more
competition would benefit consumers.

It didn't and it didn't.

Thanks, guys.