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using credit cards for gas?

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ezdoesit
Valued Contributor

Re: using credit cards for gas?

Swipe fees are around 2% of the transaction.  So on Long Island where I live gas is on average $4.00/gal so the gas station losed about .08 cents a gallon with credit card transactions.  I read somewhere they typically earn .14 cents per gallon so now that is down to earning .06 cents per gallon that is before expenses they should mark it up I would.

Message 21 of 40
bigblue7722
Valued Contributor

Re: using credit cards for gas?


@mongstradamus wrote:

@Anonymous wrote:

Just curious where do you guys live that they charge 10 cents a gallon to use credit?  That seems insane to me....


A lot of places in Connecticut do that,I just choose to not go to them even if they are few cents cheaper 


That's why you have to belong to a warehouse club. I save about 30 cents a gallon when I pump at Sam's vs pumping in my town.  

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Message 22 of 40
dize
Regular Contributor

Re: using credit cards for gas?

Where do you guys live that you get gas for under $4! Im in Socal and I pay $4.19 at 76 with cash, or $4.29 with credit. The only advantage is every 10 fillups I get a free carwash at the hand carwash next door which is valued at $23.

Message 23 of 40
mongstradamus
Super Contributor

Re: using credit cards for gas?

i am an part of costco the closest one that has an gas station is in milford, which is about an hour away. the two cotscos closest to me both don't have gas stations. Closes sams club also doesn't have gas station neither does both of the BJs 


@bigblue7722 wrote:

@mongstradamus wrote:

@Anonymous wrote:

Just curious where do you guys live that they charge 10 cents a gallon to use credit?  That seems insane to me....


A lot of places in Connecticut do that,I just choose to not go to them even if they are few cents cheaper 


That's why you have to belong to a warehouse club. I save about 30 cents a gallon when I pump at Sam's vs pumping in my town.  


 



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Message 24 of 40
fot1
Established Contributor

Re: using credit cards for gas?

I am lucky I have 3-4 gas stations close by that don't add a CC fee..

Too many to list..
Message 25 of 40
Callandra
Valued Contributor

Re: using credit cards for gas?


@dize wrote:

Where do you guys live that you get gas for under $4! Im in Socal and I pay $4.19 at 76 with cash, or $4.29 with credit. The only advantage is every 10 fillups I get a free carwash at the hand carwash next door which is valued at $23.


 

Cali is expensive~~~ I live in southwest Florida and gas fluctuates from around $3.50-3.90 a gallon, don't think I've seen regular (which my car takes) go above $4 ever (okay, I've only lived in Florida a little over a year). I thought it was illegal for some states to charge extra for credit card users..

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Message 26 of 40
gdale6
Moderator Emeritus

Re: using credit cards for gas?


@dize wrote:

Where do you guys live that you get gas for under $4! Im in Socal and I pay $4.19 at 76 with cash, or $4.29 with credit. The only advantage is every 10 fillups I get a free carwash at the hand carwash next door which is valued at $23.


CA is always in the top 5 for gas prices in the USA, look up gas buddy

Message 27 of 40
Florida1990
Frequent Contributor

Re: using credit cards for gas?

depends on how much of a discount.

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Message 28 of 40
MidnightJester
Frequent Contributor

Re: using credit cards for gas?

Here in New York (Long Island) specifically most gas stations charge 10-12 cents more for credit cards. BUT there are a handfull of them that charge a 1.00 or more a gallon extra for credit cards. The prey on people that dont look at price signs well. Our local Govnt is making new laws to force larger signs and limit the extra credit charges size.

 

87 reg here is 3.79-3.89 with 10 cents on top of that for credit cards.

Message 29 of 40
Anonymous
Not applicable

Re: using credit cards for gas?

I live in LA and they for the most part do always charge .10 for credit however, and I do this often if you press the CASH/DEBIT button on the pump pad first they take your debit card as cash and do not charge you the credit fee with a pin and debit card.
Message 30 of 40
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