Every dollar counts, especially when household budgets are already stretched. This week’s Financial Friday is a reminder that even small fees can add up over time!

According to a recent CBC News report, Rogers Communications will introduce a 1.6% processing fee for customers who pay their bills by credit card, beginning January 17, 2027. This includes both automatic and one-time credit card payments.

What does that mean for your wallet? On a $150 monthly bill, that works out to an extra $2.40 each month, or $28.80 over a year. It might not seem like much, but when you’re managing several monthly expenses, every dollar matters.

Here are a few ways to protect your budget:

• Review your monthly bills. Look for new charges, service fees, or unexpected increases.
• Check your payment options. Paying through online banking or direct debit may help you avoid credit card processing fees.
• Review automatic payments. Make sure you understand any fees associated with your payment method.
• Ask questions. If you notice a new charge, contact your service provider to understand your options.

At United Way of Bruce Grey, we know that financial stability starts with having the right information. Taking a few minutes to review your bills and payment methods can help you keep more money in your pocket.

Small savings today can make a difference tomorrow!

Source: CBC News, Rogers to charge new fee for bills paid by credit card, says practice is ‘increasingly common’.

https://www.cbc.ca/news/business/rogers-credit-card-fee-9.7391506

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