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Visa/Mastercard to cap gasoline fill-ups.

Discussion in 'Gen 2 Prius Main Forum' started by CalvinL, Jun 3, 2008.

  1. CalvinL

    CalvinL 2013 Prius Persona Black Cherry Pearl

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    Here's an article in today's news that I found ... rather ... odd but makes some economic sense. So be thankful a full tank of gasoline (our whole 11.9 gallon tank) in New York on Premium at about $4.55 a gallon (the expensive side) will total $54.15 because Visa/Mastercard is now capping gasoline spending per fill.

    $75 limit on credit card charges at gas pump causes frustration - USATODAY.com

    MasterCard to limit interchange fees from gas retailers

    If you don't like it - don't use your credit card then. And who else is there? Amex/Discover? How long before they do the same. Unless you have the membership ones I suppose.
    I suppose this shouldn't affect most of us driving a prius unless we're in debt already in which case our credit cards would be cut anyways. Or unless gasoline hits $6.305.

    -Calvin
     
  2. Sheepdog

    Sheepdog C'Mere Sheepie!

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    You have doubt that the price of gasoline will hit $6 ?

    It appears that some are using credit to buy gas and not paying it back or slow paying it back. 10 to 15 mpg will make you broke quick!
     
  3. Scummer

    Scummer Eh?

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    I've hit the 75$ limit on my discover when filling up our Odyssey with $4.25 gas.
    I was kinda surprised and wondered what is going on until I found out there is a limit, lol.

    Oh well, only happens once a month that I fill up the Odyssey, so it's not really a problem.
     
  4. CalvinL

    CalvinL 2013 Prius Persona Black Cherry Pearl

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    *heh* I never said it will hit $6... Or rather, I meant to say that credit card users driving a Prius and filling up from empty would hit the credit card maximum only if gasoline hit $6.31... which hopefully, it would not!!!

    Yeah - apparently, it seems this would hinder people comitting fraud, not paying back or slow pay-back more - or for those who like to drive until empty before filling it up.
     
  5. mrblaise

    mrblaise Go Lakers!!

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    All you have to do is run your card twice. They've been doing that here in California at various stations for about a year now.
     
  6. pdhenry

    pdhenry It's HEEERE!

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    I once had a credit card refused the second time I tried to use it at a gas station - I wanted to put 91 into a car and all they had was 89 and 93 so I was putting in half a tank of 89 and half a tank of 93. The clerk told me it was an anti-fraud protection so I had to use a different card for the second half tank.
     
  7. CalvinL

    CalvinL 2013 Prius Persona Black Cherry Pearl

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    True, and it does work for some places. I've done it a time or two when mixing gasoline grades for whatever reason including saving a few pennies when I have time to kill. But a lot of Exxon stations in New York don't allow you to swipe the same card within a certain time limit now (fraud prevention they call it - including asking you for the billing address zip code).

    But as the cap is only "pay at the pump" you can just as easily get some excercise, take a few more steps, and give the cashier your card to charge at the end of the transaction (NOT).

    But is the $75 cap even really an issue for us Prius drivers!? :) Even regular vehicles with 18 gallon tanks... as long as you have about 3 or 4 gallons to spare, it should be right around $60-75 unless you like to drive on empty.
     
  8. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

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    i see what credit card companies want u to run it twice. they get paid per transaction so its just another way to gouge the consumer... if it comes to that. i will not charge...on my AmEx the limit is 75 GALLONS...not dollars... (of course, i get 3% cash back from Costco, so that might be a Costco limit since they only give u the 3% cash back on the first 75 gallons...)
     
  9. ny biker

    ny biker Member

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    They're not gouging the consumer, they're screwing the station owners, because they're the ones who pay the transaction charge.
     
  10. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

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    LOL!! oh really... is THAT how that works??

    oh well that really puts my mind at ease, since i never have to worry about any additional expense to use my credit card as long as its not directly applied to me right??

    ya right...
     
  11. minkforce1

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    i just use a debit card
     
  12. Devil's Advocate

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    If you are denied a second purchase at a pump, the next time go inside and pay for the first purchase (and the second as well). CC companies register the POS different for an inside purchase compared with just sliding it at the pump. There are fewer fraud protections when going inside as the CC companies require store owners to check ID's.
     
  13. Sufferin' Prius Envy

    Sufferin' Prius Envy Platinum Member

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    Yeah, I'd say THE EXPENSIVE SIDE! :rolleyes:

    What the heck you doing filling a Prius with Premium fuel???

    The Prius is designed to run on Regular.

    Besides paying more for gas which won't give you ANY added benefit, you may be ruining your catalytic converter with the added "benefit" of a future repair bill.

    Thank God the Prius is so economical to operate. ;)
     
  14. minkforce1

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    when i was looking for a new car, i considered getting a subaru before i looked at the prius.

    needless to say, when i found out my subaru of choice took premium, that killed it for me. but i did research to find out if you could put regular gas in a premium engine.

    but all i found were dozens of people asking if they could put premium in their regular car for a "performance boost", only to be shot down by dozens more telling them they were trashing their engines.

    but why would you *want* to pay an extra .20/gallon for no added benefit other than getting cozy with your dealer and/or repair place?
     
  15. Fraser

    Fraser New Member

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    Assume a normal fill of 9 gallons, reasonable if you aren't draining the tank. You would pay in excess of $8.33 cents a gallon to reach the $75 limit. Fill 8 gallons? $9.37 a gallon.
     
  16. Ichiro

    Ichiro Member

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    I'd think that gas station owners would be the most upset.
     
  17. CalvinL

    CalvinL 2013 Prius Persona Black Cherry Pearl

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    I've dealt with the Merchant fees before at a wholesale/retail level before. It really depends on the setup. It is usually a percentage of the charge although for small amounts, it maybe a flat fee upto a certain amount. However, I have read that gasoline stations have a more complicated setup for a variety of things so *shrug*
    So while a consumer may get bruised by these fees, its really the merchants who do all the bleeding because afterall, as a consumer, we can shop elsewhere - the merchants do suffer with some of these huge fees especially for larger transactions.
    In any case, speaking of cash, I am starting to see a "blast of the past" when stations charge two different prices for credit or cash. Man, that brings back memories... like 15+ years ago... Cash being cheaper than paying by credit of course.
     
  18. CalvinL

    CalvinL 2013 Prius Persona Black Cherry Pearl

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    *shrug* I was just using it as reference to the silly cap on the maximum credit card purchase of $75.
    Since that is the focus, I am not going to re-iterate the countless threads elsewhere on this forum about octane ratings here except to say that personally, I use a blend so that its somewhere between 89 and 91 just because I like it.

    However, with regard to "ruining your catalytic converter" I will add that in theory, with engine cut-off and the other technologies employed, your catalytic converter's life-span should increase and at the sametime, decreases if you use gasoline over 91 octane.
     
  19. Sufferin' Prius Envy

    Sufferin' Prius Envy Platinum Member

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    I'm pert near speechless. :eek:

    The catalytic converter which comes with the Prius was designed to last the lifetime of A PRIUS . . . engine cut-off and all. It wasn't designed to handle the damaging high temperatures from cooking off the excess unburnt fuel flowing into it as a result of using a higher octane gas.

    Just ask your high octane comrades who have had the unfortunate experience of paying for a new cat. ;)
     
  20. Godiva

    Godiva AmeriKan Citizen

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    And you don't think the station owners pass that charge on to the customers?