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1720 clicks; posted to Business » on 27 Jun 2022 at 7:30 PM (14 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



37 Comments     (+0 »)
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2022-06-27 3:27:30 PM  
They've been putting a $200 (recently became $250) hold on cards for years around here... credit or debit, it doesn't matter. You guys are really behind the times.
 
2022-06-27 7:46:54 PM  

Tr0mBoNe: They've been putting a $200 (recently became $250) hold on cards for years around here... credit or debit, it doesn't matter. You guys are really behind the times.


Look at you mister moneybags.
 
2022-06-27 8:03:33 PM  
With current gas prices, $200 doesn't feel too far off from the price of a fill-up lately.

/Just sayin'
 
2022-06-27 8:14:08 PM  
Even if I coasted into a station, I couldn't put $175 worth of diesel in my van.  Germans know how to build efficient engines and the value of a turbocharger.
 
2022-06-27 8:26:15 PM  
This affects those of us paying by debit considerably worse than credit users...

Also affecting debit users in a considerably worse way: everything else.
 
2022-06-27 8:34:18 PM  
Yeah I have a $200 hold on my credit card for a $95 tank of gas. It's annoying.
 
2022-06-27 8:35:53 PM  
So. Am I to understand that all of those people, the same people who do not trust big corporations and hate banks, who told me that using cash to pay for things was outdated and probably illegal.... that they are now whining about being treated unfairly because they are embracing technologies they don't understand? Really?

"I have all this money, but it is electric, so I can't buy gas to get to work."

You know, between the "I'll just swipe my card." people and the NFT people and the bitcoin people and the "oh no, one of my cars blew up and the other one got recalled" people, I am trying to dredge up sympathy after all the cautions and all of the warnings. Who would have believed that all of the "new finance" and "disruptive business model" people would be having trouble making simple payments?

So here I am. A reasonable person who, every once in a while says, "Gee. Maybe we should take it slow and think about this.." I have become an outlier in a world of fools who rushed in where no angels would go.

Enjoy your "holds on your debit card." Maybe if everybody carried cash the police would not be so suspicious of people who do. Oh well. Can't go back now.

/ pardon the bile, but some Farkers have felt free to dish it out on all the "boomers and grampas" who saw this coming a mile away.
// here is your crow.
/// you can eat it raw, I will have the relish.
 
2022-06-27 8:51:37 PM  
I never use a credit card to buy gas.  It's very rare that I use a debit card.  Here in NJ, the price paying cash is usually 10 cents cheaper.

Anyway...  Yeah, my daughter called me the other day because she used her Discover card.  She was like, "I didn't get $175 worth of gas!  What the fark?"

So I told about the hold thing....  "ooooh.  okay."

But, yeah, that is insane that they do that.  On the other hand, some people may actually get that much gas.  I'm sure it costs at least that much to fill a large truck.  So since they can't tell what you are driving, they charge (hold)  the same for everyone.
 
2022-06-27 8:59:03 PM  
Pretty sure I've had $200 holds for years.
 
2022-06-27 9:05:08 PM  
Literally everything about the US financial system is designed to kick the poor while they're down until they bleed out, and prop up the rich to siphon away more of their money.
 
2022-06-27 9:12:45 PM  

durbnpoisn: I never use a credit card to buy gas.  It's very rare that I use a debit card.  Here in NJ, the price paying cash is usually 10 cents cheaper.

Anyway...  Yeah, my daughter called me the other day because she used her Discover card.  She was like, "I didn't get $175 worth of gas!  What the fark?"

So I told about the hold thing....  "ooooh.  okay."

But, yeah, that is insane that they do that.  On the other hand, some people may actually get that much gas.  I'm sure it costs at least that much to fill a large truck.  So since they can't tell what you are driving, they charge (hold)  the same for everyone.


You don't have Costcos? Their discounts are way deeper than ten cents a gallon.
 
2022-06-27 9:23:32 PM  
There's a very simple solution to this: let customers decide how much they need to pre-authorize. There's no technological reason why you couldn't be asked how much gas you think you need, and the pre-authorization covers that plus a few additional gallons.
 
2022-06-27 9:41:17 PM  
durbnpoisn:
But, yeah, that is insane that they do that.  On the other hand, some people may actually get that much gas.  I'm sure it costs at least that much to fill a large truck.  So since they can't tell what you are driving, they charge (hold)  the same for everyone.

With gas at $5, filling my 20 gallon tank in my midsize SUV from bone dry (read: I hate my fuel pump) would be exactly $100.    The current generation of F150 has tanks between 26 and 36 gallons , so $115 to $180 .  At $6.30 (current California average), filling a 36 gallon tank would be $226.80.  So, yeah, makes sense that the preauthorization would be higher.

Don't use debit for gas if you need access to those funds - this is one of those basic things to teach your kids.  If there's a $170 hold on a car with a $15K credit limit, who cares.  The card I primarily use has no limit, so the hold is completely meaningless to me.


/When I was a kid, my granddad had a Ford F150 with two 20 gallon tanks.  ((shudder))
//As a teen, I budgeted $10-12/week for that sweet, sweet $1 gasoline for my Civic
///All in all, $70-80/fill-up these days hurts way less than $12 did on my $5.50/hr grocery store pay.
 
2022-06-27 9:53:00 PM  

thornhill: There's a very simple solution to this: let customers decide how much they need to pre-authorize. There's no technological reason why you couldn't be asked how much gas you think you need, and the pre-authorization covers that plus a few additional gallons.


When I used to pay cash I remember doing this. I want $10 on pump #7 and it would stop right at $10. I assume that still works that way.  This is just another way people struggling to pay their bills every month get screwed over.

If my credit card is putting such holds on my account I've not noticed but I still remember when I would have. It really might be better to pay with cash especially when I only think about the total when I see it at the cash register. I spent $90 at the grocery store today, but at least I saved money by not purchasing any paper bags.  Our plastic bag ban just went into effect a couple of months ago and I'm still getting used to it.
 
2022-06-27 9:55:27 PM  

rdnjr1234: With current gas prices, $200 doesn't feel too far off from the price of a fill-up lately.

/Just sayin'


Even at $5 a gallon, that's 40 gallons.  Who on Earth has a 40 gallon tank?  Are you literally driving a tank?!

/My last fillup, the gas tank light was on and it still only cost $33 (perks plus linking a checking account combined saved me a bit over a dollar per gallon).
 
2022-06-27 9:59:43 PM  
I walked everywhere I needed to go today
 
2022-06-27 10:06:31 PM  

pacified: I walked everywhere I needed to go today


I work 10 miles into a protected wetland. Walking isn't happening
 
2022-06-27 10:07:31 PM  

jake3988: rdnjr1234: With current gas prices, $200 doesn't feel too far off from the price of a fill-up lately.

/Just sayin'

Even at $5 a gallon, that's 40 gallons.  Who on Earth has a 40 gallon tank?  Are you literally driving a tank?!

/My last fillup, the gas tank light was on and it still only cost $33 (perks plus linking a checking account combined saved me a bit over a dollar per gallon).


F-150 tow package with the extended range tanks. Not even a 'brodozer' it's an option for those that tow stuff long distance regularly.
 
2022-06-27 10:27:59 PM  

My Sober Alt: thornhill: There's a very simple solution to this: let customers decide how much they need to pre-authorize. There's no technological reason why you couldn't be asked how much gas you think you need, and the pre-authorization covers that plus a few additional gallons.

When I used to pay cash I remember doing this. I want $10 on pump #7 and it would stop right at $10. I assume that still works that way.  This is just another way people struggling to pay their bills every month get screwed over.


Yes, this is still a thing. Many if not all stations will let you prepay by going into the store, some require it if you're paying cash (to prevent drive-offs). If you prepay using credit/debit you avoid the hold because they charge the exact amount. Only hiccup is you can only buy gas when the store is open, after-hours is pay-at-the-pump only.
 
2022-06-27 10:35:08 PM  

2fardownthread: You know, between the "I'll just swipe my card." people and the NFT people and the bitcoin people and the "oh no, one of my cars blew up and the other one got recalled" people


Every time I think you're the dumbest farker around, you go and post something like this.

And completely prove me right. Shut up, Grandpa.
 
2022-06-27 10:51:29 PM  

natazha: Even if I coasted into a station, I couldn't put $175 worth of diesel in my van.  Germans know how to build efficient engines and the value of a turbocharger.


It must be a really small van if you can't fit $175 worth of gas in it. Why not just get a Golf or something that has room for a couple of 10gal gas cans in the trunk?
 
2022-06-27 10:58:18 PM  

jake3988: rdnjr1234: With current gas prices, $200 doesn't feel too far off from the price of a fill-up lately.

/Just sayin'

Even at $5 a gallon, that's 40 gallons.  Who on Earth has a 40 gallon tank?  Are you literally driving a tank?!

/My last fillup, the gas tank light was on and it still only cost $33 (perks plus linking a checking account combined saved me a bit over a dollar per gallon).


The F-250 can have a tank up to 48 gallons.

And before you get snippy about that, think for a moment what it's like to go through life with a penis that small.
 
2022-06-27 11:41:33 PM  

Daer21: pacified: I walked everywhere I needed to go today

I work 10 miles into a protected wetland. Walking isn't happening


Every gallon I never buy in theory helps you!
 
2022-06-27 11:53:19 PM  

Spectrum: Yeah I have a $200 hold on my credit card for a $95 tank of gas. It's annoying.


Why is your credit limit so low that you'd even notice a $200 hold?
No snark, just my main card was multi-$thousands, absurdly more than I needed, even when I was poor.

/Always paid it off every month
//13-gallon tank
 
2022-06-28 12:08:12 AM  
American Express - Seinfeld Gas Station (1997)
Youtube P0o0DpKswmw
 
2022-06-28 2:40:38 AM  

Mad_Radhu: durbnpoisn: I never use a credit card to buy gas.  It's very rare that I use a debit card.  Here in NJ, the price paying cash is usually 10 cents cheaper.

Anyway...  Yeah, my daughter called me the other day because she used her Discover card.  She was like, "I didn't get $175 worth of gas!  What the fark?"

So I told about the hold thing....  "ooooh.  okay."

But, yeah, that is insane that they do that.  On the other hand, some people may actually get that much gas.  I'm sure it costs at least that much to fill a large truck.  So since they can't tell what you are driving, they charge (hold)  the same for everyone.

You don't have Costcos? Their discounts are way deeper than ten cents a gallon.


My Costco gas stations don't even accept cash or credit cards - just Costco cash card or debit cards (no holds).
 
2022-06-28 3:03:27 AM  
fark me, the Ford Super Duty can come with a 48 gallon tank AND some are fitted with additional fuel tanks.
 
2022-06-28 3:57:01 AM  

durbnpoisn: But, yeah, that is insane that they do that.  On the other hand, some people may actually get that much gas.


It isn't insane. At all.

There are a ton of cars on the road with a 30+ gallon fuel tank. At $5 a gallon that comes very close to the reserved amount.

Even if those cars didn't exist, they need to be able to place that hold if you're at an unmanned pump. They can't exactly keep hoping everyone has sufficient funds for the amount their going to pump.
 
2022-06-28 6:28:25 AM  
Isn't the max hold only applied if you select fill?

Have $70, a debit card and an empty tank?

Select $50.
 
2022-06-28 6:53:33 AM  

DerAppie: durbnpoisn: But, yeah, that is insane that they do that.  On the other hand, some people may actually get that much gas.

It isn't insane. At all.

There are a ton of cars on the road with a 30+ gallon fuel tank. At $5 a gallon that comes very close to the reserved amount.

Even if those cars didn't exist, they need to be able to place that hold if you're at an unmanned pump. They can't exactly keep hoping everyone has sufficient funds for the amount their going to pump.


You must have missed the entire 2nd half of my post where I already said that.

Anyway...  Oddly enough, when I use a debit card, it doesn't put a hold on my funds.  It puts a $1 pending transaction on the card.  That stays there for a couple of days until they finish the transaction and the actual amount goes through.

Maybe TD is different?   Dunno.
 
2022-06-28 8:16:21 AM  
I'm so confused by this thread. As a Canadian, I walk up to the pump, insert my credit card, tell it how much gas I want, my card gets approved, and i start pumping.

Whats a hold? I've never heard of it. Maybe American credit is different? Otherwise that's the farking point of using a credit card in the first place?
 
2022-06-28 8:36:49 AM  

slantsix: I'm so confused by this thread. As a Canadian, I walk up to the pump, insert my credit card, tell it how much gas I want, my card gets approved, and i start pumping.

Whats a hold? I've never heard of it. Maybe American credit is different? Otherwise that's the farking point of using a credit card in the first place?


The trouble is the amount of people in this country that use their credit card when they don't really have the funds available.  The gas company puts through a transaction and marks it so that it knows you can actually pay.

If they didn't do this, people would fill their tank, the credit card company would pay for it, and then afterward notice that the customer didn't have that money.  And the credit card company now has to scramble to get it back.  It ends up costing them more than it was worth.

So they charge FIRST.  As long as it goes through, then they won't get screwed.

You could say that that is a terrible untrusting way to act.  And you'd be right.  But many people in this country are living at the poverty line. And many of those people will do whatever it takes to get by.  That totally includes screwing their credit card company.
 
2022-06-28 9:32:53 AM  

durbnpoisn: slantsix: I'm so confused by this thread. As a Canadian, I walk up to the pump, insert my credit card, tell it how much gas I want, my card gets approved, and i start pumping.

Whats a hold? I've never heard of it. Maybe American credit is different? Otherwise that's the farking point of using a credit card in the first place?

The trouble is the amount of people in this country that use their credit card when they don't really have the funds available.  The gas company puts through a transaction and marks it so that it knows you can actually pay.

If they didn't do this, people would fill their tank, the credit card company would pay for it, and then afterward notice that the customer didn't have that money.  And the credit card company now has to scramble to get it back.  It ends up costing them more than it was worth.

So they charge FIRST.  As long as it goes through, then they won't get screwed.

You could say that that is a terrible untrusting way to act.  And you'd be right.  But many people in this country are living at the poverty line. And many of those people will do whatever it takes to get by.  That totally includes screwing their credit card company.


You don't need funds available with a credit card - that's the whole point of a credit card. Because there's a line of credit, the hold is basically a security deposit against sales that are post paid. You authorize, pump as much fuel as you like, and then are billed at the end.

If you run your debit as a credit on anything requiring authorizations and holds to cover the final tab (gasoline, rental cars, hotel rooms) you're going to need to ensure you have the funds available.  Otherwise, just use a credit card - they're literally farking free*, they build your credit history, and you don't have to worry about holds.

/*in fact, they usually pay you in benefits
//unless you're the kind who has already run up a bunch of charges and don't pay them off
///in which case you're probably the kind of person who would stress over a couple hundred buck hold on your card.
 
2022-06-28 10:38:21 AM  

Izunbacol: they're literally farking free*, they build your credit history, and you don't have to worry about holds.

/*in fact, they usually pay you in benefits


Credit cards are free in as far as all the shops raise their prices to be able to deal with the percentage cut the credit company demands so they can pay the card user a bit of that money back as "benefits."

"Here, pay everything with your credit card and it will be insured and you get points!"

Well, I already have my stuff covered under my regular insurance and I'd rather not pay an additional 1.5% on each transaction.

/I also live in a civilised country where I show I'm credit worthy by, you know, not being in debt
 
2022-06-28 11:20:39 AM  
So, until very recently, the hold limit on my card for gas was $75.00.  I drive a mid-sized sedan, so It doesn't have a massive fuel tank.  Before a month ago, I had never spent more than $65 on a single fill-up.  Well, I hit the limit once, and the next time I had to gas up, I found that the limit had been increased as I was able to put just under $100 worth of gas in my car.  *sigh*  Never thought I would miss the days of paying $50 to fill up.
 
2022-06-28 12:17:09 PM  

Izunbacol: durbnpoisn: slantsix: I'm so confused by this thread. As a Canadian, I walk up to the pump, insert my credit card, tell it how much gas I want, my card gets approved, and i start pumping.

Whats a hold? I've never heard of it. Maybe American credit is different? Otherwise that's the farking point of using a credit card in the first place?

The trouble is the amount of people in this country that use their credit card when they don't really have the funds available.  The gas company puts through a transaction and marks it so that it knows you can actually pay.

If they didn't do this, people would fill their tank, the credit card company would pay for it, and then afterward notice that the customer didn't have that money.  And the credit card company now has to scramble to get it back.  It ends up costing them more than it was worth.

So they charge FIRST.  As long as it goes through, then they won't get screwed.

You could say that that is a terrible untrusting way to act.  And you'd be right.  But many people in this country are living at the poverty line. And many of those people will do whatever it takes to get by.  That totally includes screwing their credit card company.

You don't need funds available with a credit card - that's the whole point of a credit card. Because there's a line of credit, the hold is basically a security deposit against sales that are post paid. You authorize, pump as much fuel as you like, and then are billed at the end.

If you run your debit as a credit on anything requiring authorizations and holds to cover the final tab (gasoline, rental cars, hotel rooms) you're going to need to ensure you have the funds available.  Otherwise, just use a credit card - they're literally farking free*, they build your credit history, and you don't have to worry about holds.

/*in fact, they usually pay you in benefits
//unless you're the kind who has already run up a bunch of charges and don't pay them off
///in which case you're probably the kind o ...


Any time you use a card, you should have the funds available.  Because the bank always does, and they will front that money, then they will come to you to pay them back.  THAT is how cards work.  The only difference between a credit card and a debit card is that they take the money immediately when it's a debit.

If you don't have the money on hand, or if you don't pay your credit card bill, the bank is out that money.

So this whole bit with checking your account first is just to protect themselves.
 
2022-06-29 7:32:31 AM  

Tr0mBoNe: They've been putting a $200 (recently became $250) hold on cards for years around here... credit or debit, it doesn't matter. You guys are really behind the times.


Cash is king, suckers.
 
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