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Upgrade Card Overcharged

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Beast26
Established Contributor

Upgrade Card Overcharged

I got gas today and it's showing as a $100 charge but I only spent $16.  I have the upgrade one visa card.  I know sometimes they do weird things at gas stations and correct itself a day later but I'm not sure.





Revolving history: 2 years 4months across the board
AAoA:
TU: 5yrs 10months
EX: 2yrs 2 months
EQ: ~5yrs 6 months
Inquiries: Ex: 1/12. EQ: 1/12 Tu: 1/12
As of 10-5-2020

Quicksilver $3,000
Discover It Miles $17,500
Chase Freedom Flex $4,400
Amazon Prime Store Card $6,000
Walmart MC $2,500
Wells Fargo Active Cash $8,000
Citi Custom Cash $8,400
Verizon Visa $20,000
Message 1 of 7
6 REPLIES 6
Gunnerboy
Established Contributor

Re: Upgrade Card Overcharged

It's probably the preauthorization charge that occurs at gas stations.



"Not everyone who helps you is a friend, and not everyone who challenges you is an enemy."
Message 2 of 7
FlaDude
Valued Contributor

Re: Upgrade Card Overcharged

So they probably did a pre-auth for $100, hopefully it is showing as pending. It should post correctly, hopefully within a couple of days.

Scores: March 21 FICO 8: EX 810, TU 808, EQ 813
AoOA: closed: 40 years, open: 30 years; AAoA: 14 years
Amex Gold, Amex Blue, Amex ED, Amex Delta Blue, Amex Hilton Surpass, BoA Platinum Plus, Chase Freedom Unlimited, Chase Amazon, Chase CSP, Chase United Explorer, Citi AA, Sync Lowes, total CL 203k
Message 3 of 7
Kforce
Senior Contributor

Re: Upgrade Card Overcharged

As @FlaDude said often gas stations do a pre-authorization of $100 then you pump the gas.

Later the real charge appears and the $100 dollar's goes away. 

 

They test the card before letting you get the gas.  Smiley LOL

Better a hold for 100 than you only having 10 on the card left.

 

Message 4 of 7
SUPERSQUID
Valued Contributor

Re: Upgrade Card Overcharged


@Beast26 wrote:

I got gas today and it's showing as a $100 charge but I only spent $16.  I have the upgrade one visa card.  I know sometimes they do weird things at gas stations and correct itself a day later but I'm not sure.


This is a very common practice by most cc companies. They charge a preapproval amount, usually 125 and then when the charge processes it drops to the actual amount.

Nothing to worry about, ymmv

Message 5 of 7
Beast26
Established Contributor

Re: Upgrade Card Overcharged

Thanks everyone you were right.  After making the post I noticed that my available credit was only showing me down $35 which was the correct amount because I used the card twice earlier today in order to reach my $400 bonus requirements.





Revolving history: 2 years 4months across the board
AAoA:
TU: 5yrs 10months
EX: 2yrs 2 months
EQ: ~5yrs 6 months
Inquiries: Ex: 1/12. EQ: 1/12 Tu: 1/12
As of 10-5-2020

Quicksilver $3,000
Discover It Miles $17,500
Chase Freedom Flex $4,400
Amazon Prime Store Card $6,000
Walmart MC $2,500
Wells Fargo Active Cash $8,000
Citi Custom Cash $8,400
Verizon Visa $20,000
Message 6 of 7
zerofire
Valued Contributor

Re: Upgrade Card Overcharged

What your looking at is the pre-authorization amount not the final amount. All transactions start with a pre-authorization and have the final amount come through in the next 2-3 business days. With most normal transactions where you know the final amount when your buying the two numbers are the same and will swap with one another. However when you have gas dispensers they need to check your payment exists before pumping. So their number will usually be as high as $150 depending on area until the final number comes in at the end of pumping. Also lots of gas pumps will have a more reasonable number if your a repeat customer with the same card. Similar things happen at restaurants with tips. Most will authorise the food only at first and add the tip later after. However some restaurants will automatically add %20 in the idea that they prefer to secure the whole amount as a pre-authorization still holds funds in your account but they are reserved for this transaction.

TU:816 12/19/24 Bank of America--EX: 809 01/03/25 Experian--EQ:836 01/06/25 myFICO--Gardening since N/A
Active:
Bank of America (Customized Cash Rewards VSC, Unlimited Cash Rewards WMC{PT}), Capital One (Discover It DC, Savor WEMC), Chase (Amazon Prime VSC, Freedom Flex WEMC [x2]), Citi (Custom Cash WEMC, Dividend MC), Citizens GreenSense WMC, Curve WEMC{S}, FNBO Ducks Unlimited VSC, GBank VSC, Imprint Rakuten AC, PenFed Pathfinder Rewards VSC, Santander Ultimate Cash Back WMC, Synchrony (OnePay Walmart CashRewards MC, PayPal Cashback WMC), UMB Simply Rewards VSC[Milford Federal], US Bank (Cash+ VSC [x2], Kroger Rewards WEMC, Pick n Save/Metro Market Rewards WEMC, Shield VC)
Wishlist: AAA Daily Advantage, AOD Signature, Aven, Bellco Colorado Rewards, Nusenda Platinum Cash Rewards, PCMCU Platinum Rewards, Redstone FCU Signature
Message 7 of 7
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