Starting June 1, Minneapolis residents who put their city utility bills on a credit card will see a little extra sting on the statement. The city is rolling out a 2.35 percent processing fee on credit card payments for utility bills, which works out to about $2.35 on a $100 bill. City officials say the fee covers card processing costs the city used to absorb and that the city itself does not keep the extra money. Anyone who wants to dodge the new charge can switch payment methods before June 1.
What is changing and when
The city explains the move in a public notice that states, “Starting June 1, credit card payments will have a 2.35% processing fee,” according to the City of Minneapolis. The notice says the city previously covered this expense and reiterates that “The City does not keep the fee.” To keep the math simple, the example given is a $100 utility bill that would carry a $2.35 credit card fee. The notice urges customers to…..