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In late summer, United Airlines announced a new program where a select number of travel agents would no longer be allowed to use the airline’s merchant account to process ticket purchases. This maneuver was an obvious attempt to save the three to four percent credit card processing fees. The Consumer Travel Alliance saw a more ominous outcome — the possible loss of important consumer protections.
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New credit card rules come into effect Monday, February 22, 2010. There have been many articles in newspapers and reports on TV analyzing how these changes will affect the credit card world. Here is a quick overview about how these changes will impact travelers.
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United Airlines by trying to foist credit card fees onto their agents is striking a blow against consumer protections offered by credit cards. Any way United slices their business, they are still, in the end, the service provider and should be liable to credit protections for services not rendered.
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The latest cost-cutting move by United Airlines may end up disappearing like many other ill-fated airline trial balloons. Or it may radically change the travel industry.
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Read ‘em and weep: Bank of America, while Congress is decrying their fees and changes to credit terms, is adding to its credit card fee gouging. Bank of America is not alone. Many credit card issuers have similar rules
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