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Wed 22 Jun 2016 12:41 PM

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Ban on credit card payment fees in UAE proposed by ministry

Consumer protection committee considers changing rules on charges

Ban on credit card payment fees in UAE proposed by ministry
UAE Minister of Economy, Sultan bin Saeed Al Mansouri.

A ban on the collection of additional fees for credit card services and transactions in the UAE is being discussed by the Ministry of Economy, according to reports.

The Supreme Committee for Consumer Protection for 2016 discussed the ban in a meeting chaired by Minister of Economy Sultan bin Saeed Al Mansouri and attended by top government officials, reported Khaleej Times.

The committee in January banned additional fees on credit card payments in the health and education sectors and on airlines tickets purchases.

Yet several educational institutions in Abu Dhabi were still charging 2.5 percent on school fee payments made with credit cards, according to the report. Some jewellers were also reportedly charging a 2.5 percent fee for credit cards transactions.

Proposals to adopt a certified guidance document and standardised contracts for electronics and criteria for auto garage approvals in the UAE were also discussed at the meeting.

The session was attended by Mohammed Ahmed bin Abdul Aziz Al Shehhi, undersecretary of the Ministry of Economy for Economic Affairs, Humaid bin Butti Al Muhairi, assistant undersecretary of the Ministry of Economy for commercial affairs and consumer protection, Dr. Hashim Al Nuaimi, Director of the Ministry's consumer protection department, and committee members from the local and federal governments.

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Muhammed Fasalu 3 years ago

I have been asked to pay 1.85% service charge by Emicool for credit card payment. Not sure if this has been legal or illegal!