Anyone else noticed that lately it seems like next to no-one takes credit cards any more? I am not sure why all of a sudden retailers are refusing to take it. I used to live off my credit card and clear the entire balance each month which meant I got loads of airpoints. I don't think the fee's have increased lately, in fact now retailers can actually pass those costs on.
At this rate Credit Cards won't last the decade! At least half the retailers I regularly deal with have stopped.
VISA, inparticular, have been behaving like the semi-monopoly they are are hiking the merchant fees. Merchants say..."No thanks". Sydney Taxi drivers told them to get stuffed back in 2000 when VISA hiked merchant rates prior to the Sydney Olympics.
They also block payments to organisations and people the US Government doesn't like but who haven't been charged with any crime - like Wikileaks. They are acting like a monopoly and interfering with transactions between consenting parties out side the United States under political pressure from the US government.