Britons have to pay for using our debit and credit cards - and cashback could be scrapped.

Free banking could disappear under European plans to cap or scrap the fees that underpin the payment card system. Planned reforms of the system could lead to charges for using a debit or credit card, with cashback, rewards and interest-free periods on cards becoming a thing of the past, experts warn. The UK Cards Association, which represents the debit and credit card industry, said the European Commission's plans would hurt British consumers for little or no corresponding benefit. "The British are used to, and like, free banking," said Richard Koch, a senior executive at the Cards Association. "The commission's model would impact on the card issuers' ability to continue that." The EC issued a Green Paper last year, suggesting regulation of the system, which it said would make the market more competitive....Read more here