The End of FCCC Miles?

In a long-awaited ruling the Office of Fair Trade has today announced that it has found that fees charged by members of Mastercard UK infringe competition rules.
The charges that retailers pay to Mastercard are too high, covering, as they do, all those little fringe benefits that the card companies like to 'give' to their cardholders. Fringe benefits like FC miles!
Ultimately, unless Mastercard successfully appeals, FCCC miles may disappear.[:(]
Search Google News for more info.

[Nottingham Nick]

I certainly hope not.[8D][:(][:(]

Nick

Or they'll put the rates up ...

[Nottingham Nick]

Originally posted by slinky09
Or they'll put the rates up ...

Don't care about that, just want my FC points ;)[}:)]

Nick

Originally posted by slinky09
Or they'll put the rates up ...

Isn't that what the story is about? Lowering the rates? Or were you referring to the yearly charge for the card?

Paul

Originally posted by Nottingham Nick
I certainly hope not.[8D][:(][:(]

Nick

Relax, there is always AMEX, 1 mile per pound I know
but still better than nothing.

I know its not taken everywhere, but AMEX are surely
on the offensive. Have you seen that latest purple monstrosity
they have produced with a big supermarket ?

Robert

Originally posted by p17blo

Originally posted by slinky09
Or they'll put the rates up ...

Isn't that what the story is about? Lowering the rates? Or were you referring to the yearly charge for the card?

Paul
[/quote

Either that or the interest rate ... you can be sure that now they're used to the income they won't give it up ... so expect some increase or a withering away of benefits. Sorry, sad but true

Here's a link to the story

Cheers

Michael