My credit card spend is declining rapidly... It's back to EFTPOS for lots of things for me.
The new changes introduced by the Govt have already backfired - we've seen credit card surcharges rapidly roll out and now become the norm at many retailers, and we've seen these rates still stuck at well over 2% at many retailers.
The Commerce Commission got badly own3d by the card companies in 2009 when they took them to court. History is now repeating itself.