USBank cardholders - Don't pay at the pump!

[Homerboy]

Don't live paycheck to paycheck?

some dont really have that option.
Easy to say, for some its hard, if not impossible to do.

Edit: FWIW, by me I've never seen this. I would have had lots of problems on several occassions if this were true.

 

[DrPizza]

still better than when they were limiting you to 50 bucks worth of gas per transaction like when gas was at 4 bucks a gallon

That used to suck. One year on vacation, we had to run our debit card 4 separate times in order to completely fill up (2 vehicles plus a boat.)

Which also points to the stupidity of that $50 limit per transaction. $50, hand up the pump, insert debit card, pump another $50. Repeat. Repeat.

 

[OutHouse]

74$ is ridiculous and would piss me off. Where did they come up with that figure? Do these companies assume everyone drives SUVs?

$75.00 is the magic number the pump cuts off at. it normally takes about 200 bucks to fill up my RV if im am close to empty. So on the first $75.00 i can run at the pump, but then i have to go inside to run another $75.00 transaction. i can not do it at the pump with-in X amount of time due to fraud protections.

 

[rcpratt]

Some of you must have some shitty ass gas stations. I have never encountered this on the West Coast. When I get gas as debit with my PIN, the pending transaction is the same amount as my pump receipt.

Edit: On second thought, I have seen the 1$ thing.

74$ is ridiculous and would piss me off. Where did they come up with that figure? Do these companies assume everyone drives SUVs?

lolbp. I hope you go bankrupt. What a worthless company.

I assume it's $74 because most pumps have a $75 per transaction limit.

edit: beaten.

 

[LTC8K6]

My bank has done this for as long as I can remember. It has never affected me at all.

 

[JulesMaximus]

I knew someone would post this. I even though about putting in a preemptive "fuck you" reply in my OP.

But if it makes you feel good to jab at others then go ahead. Maybe later you can take a magnifying glass to some ants or find a puppy to kick.

Calm down pal...I wasn't attacking you.

 

[AstroManLuca]

Calm down pal...I wasn't attacking you.

No, just reaffirming your smug superiority over all of us peasants who don't make six figures.

 

[Homerboy]

No, just reaffirming your smug superiority over all of us peasants who don't make six figures.

IIRC, Jules was/is unemployed for some time?

 

[Train]

Because part of the 40% of people living check to check could overdraw erroneously.

But a higher freeze amount helps prevent overdrawing.

Sure it sucks $74(minus the amount you actually spent) is actually frozen. But it's not like its some huge inconvenience to people who don't have a lot of money. Just go inside or pay in cash.

 

[JulesMaximus]

IIRC, Jules was/is unemployed for some time?

I'm working for my old company for a few weeks...well, it has been about a month now. They are going to keep me around for as long as they can find stuff for me to do.

Also, I don't make anwhere near six figures.

 

[Homerboy]

But a higher freeze amount helps prevent overdrawing.

Sure it sucks $74(minus the amount you actually spent) is actually frozen. But it's not like its some huge inconvenience to people who don't have a lot of money. Just go inside or pay in cash.

The $74 hold could CAUSE an overdraft. That's the problem
If I got $40 in my account, go to pop $10 of gas in my car. They "Hold" $74, I'm now overdrawn by $34... then I get a $35 overdraft fee, the $10 comes out, the $74 hold goes off and I'm at -$1 (if I screwd up the math, I apologize)

 

[Homerboy]

I'm working for my old company for a few weeks...well, it has been about a month now. They are going to keep me around for as long as they can find stuff for me to do.

Also, I don't make anwhere near six figures.

I had to resort to the same thing too. Working at my 2nd to last employer. Something is better than nothing!

 

[AstroManLuca]

I'm working for my old company for a few weeks...well, it has been about a month now. They are going to keep me around for as long as they can find stuff for me to do.

Also, I don't make anwhere near six figures.

It's just such a typical ATOT-asshole response that it's bound to ignite tensions.

"Wait, you have a problem with a $74 hold on your account? Well, maybe you should stop being poor?"

Hope things stabilize for you.

 

[Train]

The $74 hold could CAUSE an overdraft. That's the problem
If I got $40 in my account, go to pop $10 of gas in my car. They "Hold" $74, I'm now overdrawn by $34... then I get a $35 overdraft fee, the $10 comes out, the $74 hold goes off and I'm at -$1 (if I screwd up the math, I apologize)

Incorrect. If a retailer attempts to authorize $74, and you dont have that, it wont clear, and you wouldn't be able to buy gas anyways.

The situation I described above, in which you actually buy more than was authorized, and THAT makes you overdrawn, is what a higher auth price helps prevent.

 

[highland145]

The $74 hold could CAUSE an overdraft. That's the problem
If I got $40 in my account, go to pop $10 of gas in my car. They "Hold" $74, I'm now overdrawn by $34... then I get a $35 overdraft fee, the $10 comes out, the $74 hold goes off and I'm at -$1 (if I screwd up the math, I apologize)

This.

 

[Homerboy]

Incorrect. If a retailer attempts to authorize $74, and you dont have that, it wont clear, and you wouldn't be able to buy gas anyways.

Ah... well I thought that was the way it worked (as I said I've never seen that around these parts so I will admit I am speaking ignorantly... which I realize I shouldn't as it's a huge pet-peeve of mine).

Anyways. then Lets say I had $75 in the account, wanted to pop $10 in. Now I'm stuck at $1 for a few days... That would suck.

 

[highland145]

Incorrect. If a retailer attempts to authorize $74, and you dont have that, it wont clear, and you wouldn't be able to buy gas anyways.

And then a check tries to come through. Still screwed.

 

[coxmaster]

How is this new? I remember hearing about this years ago (infact my bank told me about this too)

 

[Train]

Ah... well I thought that was the way it worked (as I said I've never seen that around these parts so I will admit I am speaking ignorantly... which I realize I shouldn't as it's a huge pet-peeve of mine).

Anyways. then Lets say I had $75 in the account, wanted to pop $10 in. Now I'm stuck at $1 for a few days... That would suck.

Ya it does suck, but if you're that low and only want to spend 10, just go inside and tell them you want $10.

If it were me and I knew my checking acct was low, that's when I use credit cards. CC's are a nice way to defer payments for up to a month. If you pay them off in full each month you never pay the interest. Downside is a lot of people dont keep track of how much they put on the CC so they end up screwing themselves anyways.

 

[Homerboy]

Ya it does suck, but if you're that low and only want to spend 10, just go inside and tell them you want $10.

If it were me and I knew my checking acct was low, that's when I use credit cards. CC's are a nice way to defer payments for up to a month. If you pay them off in full each month you never pay the interest. Downside is a lot of people dont keep track of how much they put on the CC so they end up screwing themselves anyways.

If you're already paycheck to paycheck. the worst possible thing you can do is to start using CCs... Hell the overdraft at the bank is a better alternative.

 

[Train]

And then a check tries to come through. Still screwed.

I'm not sure how every bank does it, but USAA won't bounce a check for at least 24 hours (might even be 48). Allowing you to deposit/transfer funds into the acct, or let frozen funds unfreeze. I've actually gone negative after writting a large check, then transferred funds from savings, and avoided being charged an overdraft fee.

 

[Train]

If you're already paycheck to paycheck. the worst possible thing you can do is to start using CCs... Hell the overdraft at the bank is a better alternative.

... if you don't know what you're doing.

 

[JulesMaximus]

It's just such a typical ATOT-asshole response that it's bound to ignite tensions.

"Wait, you have a problem with a $74 hold on your account? Well, maybe you should stop being poor?"

Honestly, I didn't mean to come off that way when I posted it.

Hope things stabilize for you.

:thumbsup: Thanks

 

[bruceb]

That's how a lot of debit cards work. Personally, I refuse to use a debit card. Credit card is fine. Why use a Debit card, which takes money out of my account instantly, when I can use a Credit card, not see the bill for 2-3 weeks, then have 2 weeks to get the payment to them. This way, I retain use of my funds, until the credit card bill is due. Usually, the purchase price of an item is the same, for cash, check, credit, debit. But some fuel stations do have lower prices for people that pay with cash.

 

[Train]

That's how a lot of debit cards work. Personally, I refuse to use a debit card. Credit card is fine. Why use a Debit card, which takes money out of my account instantly, when I can use a Credit card, not see the bill for 2-3 weeks, then have 2 weeks to get the payment to them. This way, I retain use of my funds, until the credit card bill is due. Usually, the purchase price of an item is the same, for cash, check, credit, debit. But some fuel stations do have lower prices for people that pay with cash.

Not to mention every credit card has some sort of rewards/cash back program. If you're broke, why the hell not save 1% on everything?