The Best Ways to Avoid Debit Card Fees

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who pays for those rewards that you made a comment about?
"Even cards with no annual fee can offer some pretty stunning rewards"
The merchant does, unless the merchant once again has to make a decision about raising their prices in a finicky economy. The merchants pays until better days.

Andrea of OH 4:09PM December 29, 2011

BofA's $5 fee and all of the other new debit fees banks are beginning to charge are in response to the fall in revenues from debit card transactions that are the consequence of the passing of the Durbin Amendment and the subsequent Federal Reserve ruling to limit debit interchange at $0.22 + 0.05% of the transaction amount.
Those of us who were paying attention to what was happening knew that this was coming and warned against it. Here is one of the things we wrote at the time: http://blog.unibulmerchantservices.com/banks-may-limit-debit-card-transaction-size-to-fight-fee-limit
What happened was that the government decided that a substantial portion of the banks' revenues would be collected by retailers. The banks then decided to make up for the shortfall by creating new revenue sources. Is that surprising?

G.S. of MA 4:25PM October 20, 2011