Paying at the pump may be a little more painful.
that Visa and Mastercard have raised the amount a gas station can hold when you use your credit or debit card at the pump. Previously that hold was $125; it’s now been raised to $175.“Most gas stations require you to swipe your credit or debit card before you begin pumping gas. Because the station has no way of knowing whether you’re going to buy one gallon or two dozen, stations pre-authorize your card by placing a short-term hold on some of the money in your account.
The pre-authorization is no big deal, AAA explained, if you have enough credit on your card or cash in the bank to cover the hold. If you don’t you risk being put in arrears on your card, potentially triggering overdraft fees.Cashiers at stations can typically pre-authorize smaller transactions. Go inside and ask the cashier for a set amount for the pump you plan to use. The exact amount can be pre-authorized.
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