Our Bottom Line Panel got the band back together for a segment on the ins and outs of credit cards on The National with Peter Mansbridge on CBC tonight. They’re in the news because a competition tribunal that many had expected to conclude that current practices were uncompetitive (not allowing merchants to pass credit card transaction fees as surcharges to consumers, and not allowing merchants to refuse premium cards that have higher transaction fees), didn’t in fact do that.
For a primer on the reason for the tribunal, you can click here to read a column I penned on the matter last summer.
Our panel, consisting of Patti Croft, Jim Stanford, Amanda Lang, and myself (and moderated by Mr. Mansbridge) explore some of the issues surrounding hidden credit card fees, anti-competitiveness, reward programs, and the general pros and cons of credit cards. I think there is some great eye-opening information on credit cards here for everyone. Enjoy!