Reply
Member
Posts: 7
Registered: ‎09-13-2010
0

AMEX pending charges question - should I be worried?

Ok, so today I used my lovely new Zync card at a Chevron gas station to put some gas into the car - the first stall(?) I tried wasn't dispensing the gas for me, and then the screen started flickering that the pump had stopped, please wait.. my boyfriend went in to tell the cashier who said they would stop it while I moved to the next stall, which did work.

 

So just now, I was checking my activity on the account, and I'm seeing 2 pending transactions for Chevron, both of which are at $100, while I only put $20 worth of gas on the card. I read on that page that totals might vary once they were posted and removed from the pending list - should I be worried about this, and does anyone have any idea what this could be? Should I wait to see what it posts as before possibly disputing or inquire about it now? Thanks in advance!

Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: AMEX pending charges question - should I be worried?

 

 


Vena wrote:

Ok, so today I used my lovely new Zync card at a Chevron gas station to put some gas into the car - the first stall(?) I tried wasn't dispensing the gas for me, and then the screen started flickering that the pump had stopped, please wait.. my boyfriend went in to tell the cashier who said they would stop it while I moved to the next stall, which did work.

 

So just now, I was checking my activity on the account, and I'm seeing 2 pending transactions for Chevron, both of which are at $100, while I only put $20 worth of gas on the card. I read on that page that totals might vary once they were posted and removed from the pending list - should I be worried about this, and does anyone have any idea what this could be? Should I wait to see what it posts as before possibly disputing or inquire about it now? Thanks in advance!


 

When you put your card in the pump.   The gas station sends in a approval request with an arbitray amount for the purchase.   Then when you are finished they send the actual amount.   This preapproval will show as a pending charge for awhile (sometimes days) and then go away.   While it is pending it will reduce your available credit.   You did 2 pumps so there is an extra $200 pending.  There is nothing to do, it happens all the time and will go away on its own.

 

I find the $100 preapproval quite annoying, I prefer the stations which do $1.    If you know you are close to the limit on a card you should go to the cashier and tell them the amount you want and they will preapprove at that level.

Frequent Contributor
Posts: 387
Registered: ‎08-10-2007
0

Re: AMEX pending charges question - should I be worried?

Simply paying inside after filling, selecting the "pay inside with cash" option, even if actually using a card, should prevent a hold at stations with large hold amounts. Not very convenient maybe, but potentially less so than a $100 hold. That is if a preapproval isn't needed, not much of a problem out in the sticks where I live. All of the stations around here only hold $1 anyway.
Frequent Contributor
Posts: 477
Registered: ‎09-24-2010
0

Re: AMEX pending charges question - should I be worried?

Gee the hold is $100 now? They keep getting more and more expensive.  The holds around Boston are $75. It's crazy. Not that it matters on a credit card like Zync, but still...what if someone was using their debit card as a charge and was broke? That'd be horrible for them.

===========
TU: 745(TU98) | EQ: 774 | EX: ? | NO BADDIES!
What's in my wallet? AMEX Platinum, United Presidential Plus World Elite MC, AMEX JetBlue, Nordstrom Visa Sig, Chase Sapphire Preferred, Discover More, AMEX Zync, Citi AAdvantage Plat Select Visa, Banana Republic, Home Depot
Established Contributor
Posts: 620
Registered: ‎05-09-2009
0

Re: AMEX pending charges question - should I be worried?

It's not Amex putting the 100$ auth on your account, it's the service stations' credit card authorization center that they use that does.  I ran into this same situation with my Discover card.  I only use service stations in my area that authorize 1$ on my account.   Some higher risk areas of the country, and cities may inflict the 100$ auth, but drops once the actual charge is presented.

Current Score: EQ: 807 TU: 811 EX: 813 (Fico) 8/14
Goal Scores: 760 Across all 3-Finally


Citi TY Premier 46.5k| Discover 15.6k|BOA WMC 30.5k|Barclays Juniper Rewards 15k|Barclays Amex 20k| CapOne 15K|Chase Freedom VS 19.3k|Citi Dividend WMC 25k|FNBO 15.5k|CSP 22.1K|Chase Marriott 31.3k|Citi TYP 20K|Citi DP 16.5k|Macys 5k|Sams MasterCard 15k|Barclay Arrival Plus WEMC 18.7k|Chase IHG WMC 26k|Citi Double Cash 10k|Chase MileagePlus Explorer 14k|Amex Everyday 16.2k
Frequent Contributor
Posts: 474
Registered: ‎09-12-2010
0

Re: AMEX pending charges question - should I be worried?

it happened for me too for a marathon station it showed the pending charge for the amount i filled plus the $100 authorization and it took over a week and a half for it to fall off my pending charges.

FICO scores - 727 TU(Walmart)/ 727 EX(Amex app)/ 721 EQ(Discover app)
In My Wallet: BankAmericard Cash Rewards($2,000), Discover More($3,000), Chase Freedom($2,000), Fidelity Amex($1,000), Sam's Club Discover($4,400), SallieMae 5% Mastercard($5,000), Amex BCE($2,000) ,Citi Simplicity($2,000), Paypal SmartConnect($3,100), Walmart Store Card($2,350), Chase Amazon Visa($700), Target RedCard($500), Capital One Cash Rewards($750), Best Buy Store Card($1,900), HHGregg($2,000), Amazon Store Card($1,250),Newegg Preferred Account($2,000), Park West($2,000), BankAmericard Travel Rewards($5,000)
Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: AMEX pending charges question - should I be worried?

It is the individual stores that set the amount.    For gas stations that I have seen  mostly  $1, but quite a few $40, or $100.

Established Contributor
Posts: 855
Registered: ‎06-29-2010
0

Re: AMEX pending charges question - should I be worried?

The pre-authorization amounts skyrocketed a few years ago when gas prices were over $4/gallon. SUV owners sometimes had to run there cards several times to fill a tank of gas. In response, the gas stations upped the pre-authorization amounts.

 

Nothing to worry about, unless you have a credit limit issue.

New Contributor
Posts: 59
Registered: ‎05-14-2013
0

Re: AMEX pending charges question - should I be worried?

It IS Amex! I use the same gas station at least once a week to fill up and use Discover, Cap 1MC and my Credit Union Visa. It is ALWAYS $1.00! Got new Amex BC last week and used it today to fill up. When I checked pending charges it shows $99.00. IMO it is an Amex thing.
New Contributor
Posts: 59
Registered: ‎05-14-2013
0

Re: AMEX pending charges question - should I be worried?

Next time I fill up I will use another card and see if it's Amex or a new policy. Will post results here. Zoom Zoom
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.