Hy-Vee Addresses Credit Card Surcharge

[Sherman A1]

WEST DES MOINES, Iowa — Hy-Vee Food Stores assured shoppers that it will not charge a fee if they use a credit card.

“You might have heard or read about new rules that allow merchants to charge customers a fee on credit card transactions as a way to recoup some of the costs associated with accepting this method of payment,” the retailer wrote on its Facebook page Monday. “Hy-Vee has no plans at this time to charge fees for using credit cards in our stores.”

Hy-Vee made the statement in response to a policy change implemented Sunday allowing merchants who accept Visa and MasterCard credit cards to add a service charge to the purchase price. In the past, Visa and MasterCard prohibited merchants from charging the fees. The companies changed their position as part of a settlement of an antitrust suit.

Meanwhile, credit card surcharges are banned by law in 10 states: California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas.

Read More: http://supermarketnews.com/retail-amp-financial/hy-vee-addresses-credit-card-surcharge#ixzz2JM5vIstP

[Berlum]

1. From my experience, when you have to buy your groceries on a credit card

...you really don't need another kick in the ass with some stinking surcharge for spending money you don't have.

[Lesmoderesstupides]

2. I have a credit/debit card and always charge things because there is no fee for charging things

if I use it as a debit card, I am charged a fee.
This new fee law is a way by the banks to close that fee gap.

[GeorgeGist]

3. Fee gap?

Oh noes!

[Travis_0004]

4. I imagine most stores won't charge a fee

That said, not everybody is using a credit card because they have to, I get 6% cash back on groceries, so everything I buy is put on my credit card.

[customerserviceguy]

5. Bingo

I run my groceries through my American Express, and pay the bill in full every month, often a couple times a month, before it comes due. I get multiple Hilton Honors points for each dollar spent (same from my cell phone bill, gasoline, and oddly enough, Internet purchases through eBay that I pay through PayPal), and about ever three or four months, I earn a free night at a Hampton Inn that I go to when I visit my folks out in the Pacific Northwest.

Would I do that if I had to pay a fee? Perhaps not, but as I buy nearly all my groceries in NY (gas is still cheaper in Jersey, even with the extra dime a gallon for credit) I probabaly won't have to worry about this.

[Sherman A1]

6. Agreed

I use the card for pretty much everything to rack up the cash back bonus points. Turn that into gift cards for the nieces & nephews at Christmas time. Works out good for me.

[Retrograde]

7. I buy groceries with a credit card AND pay off the card promptly

it saves having to carry cash, I can download the transactions to my budgeting spreadsheet, and it doesn't cost me any more. And as a side bonus, I get points that I can occasionally cash in for a trip.

Some people who put everything on credit cards do have some sense of fiscal responsibility.