Fox News had a wallet busting report on tonight about how merchants will be allowed to charge up to 4% more on credit card purchases starting this weekend in all but 10 states.
Illinois is not one of those ten states.
The only restrictions seems to be that the merchant has to tell you that he is charging you more.
I’m wondering if this is an unintended byproduct of Senator Dick Durbin’s bill to prohibit merchants from charging more to those using debit cards.
Since it is prohibited in ten states, such as California and Florida, that means an opportunity exits for some Illinois legislator to introduce and try to pass legislation to prohibit charging more for those using credit cards.
Merchants wanting to reward those using cash could always give a rebate.
If little signs start popping up where I shop, I’ll be carrying around a lot more cash.