Consumers, never sign up for that crap, even if there are incentives.
If you are charged some extra fee, you will not be able to get it back, because you authorized the contract.
I almost got charged a superfluous $600 fee this way. Only, the foolhardy merchant sent me advance notice that this charge is coming to my credit card. So, of course, I promptly called my bank's security center and canceled the entire card. That's what it took to avoid the charge, which bounced, and the dickheads have been trying to collect that $600 from me ever since.
> Can you imagine where half the SaaS startups will be without recurring credit card subscriptions?
Yes, I can. They will have to send people bills by e-mail (or perhaps even snail mail) and await payment, like any other honest business. Then suspend the account if it is in arrears for more than X days.
Doh?
> but rather some "Babu" type mentality which is to ban the whole thing
Maybe Babu Banker smartly doesn't want his customer support people to deal with all the ensuing complaints, arising from a flood of people begging to have unwanted charges reversed.