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Changes to credit card charges

August 8, 2016 Business News No Comments Print Print Email Email

Cathay Pacific Airways will move from a fixed dollar amount to a percentage fee on credit card payments for Australian flight bookings.

The changes are in line with recent regulatory changes made by the Reserve Bank of Australia (RBA) with regards to card payment fees. The current credit card payment fee is a fixed AU$30 on all fares.

Details of the new credit card payment fee, effective from 1 September 2016, is outlined in the table below: 

MasterCard Visa American Express Diners Club JCB UATP
0.99% of the total ticket cost 1.3% of the total ticket cost
All fees are capped at a maximum fee of AUD70

For example, an airfare of $1,500 paid with Visa or Mastercard will incur a fee of $14.85.

This will mean most Cathay Pacific customers will pay the same or less in card payment fees than they do today, while some customers may pay more.

Visit www.cxagents.com for more information.

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