WHY ONLY $75?

[OnTheRebound]

Can anyone give me a logical reason why credit card companies limit us to $75 for gas purchases?

In the meantime we can make a 2K charge over the phone or the internet but by golly, you can only have 75 bucks for gas. Silly, not to mention inconvenient, when it takes $100 to $125 to fill up my truck.

[trumpet-205]

Maybe a limitation as to rewards? What card do you have?

[Anonymous]

The limit is there for a reason of theft and to protect the consumer from over the limit and overdraft fees. 

[laz98]

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@OnTheRebound wrote:

Can anyone give me a logical reason why credit card companies limit us to $75 for gas purchases?

In the meantime we can make a 2K charge over the phone or the internet but by golly, you can only have 75 bucks for gas. Silly, not to mention inconvenient, when it takes $100 to $125 to fill up my truck.

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OMG what do you drive????

[OnTheRebound]

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@trumpet-205 wrote:

Maybe a limitation as to rewards? What card do you have?

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All credit cards, I believe, have a limit. Some only $50.

Rewards have nothing to do with it. I've used both rewards and non rewards cards, Amex, Visa and MC. They all have a limit.

[OnTheRebound]

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@Anonymous wrote:

The limit is there for a reason of theft and to protect the consumer from over the limit and overdraft fees. 

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OK. Still doesn't make sense.

[OnTheRebound]

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@laz98 wrote:

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@OnTheRebound wrote:

Can anyone give me a logical reason why credit card companies limit us to $75 for gas purchases?

In the meantime we can make a 2K charge over the phone or the internet but by golly, you can only have 75 bucks for gas. Silly, not to mention inconvenient, when it takes $100 to $125 to fill up my truck.

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OMG what do you drive????

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Ford F-250. 40 gals x $3.05= $122.00

[laz98]

wow!  well, that makes more sense now.  gas here is only $2.50 or so.

[GregB]

It is the gas companies and/or the credit card clearing companies that are imposing the limit. I think you will find it varies by the gas station company. I can recall hitting the limit filling up two motorcycles.

One of my associated companies dispenses fuel and we use no limit. Normal fill up is $400 on trucks..We do know who they are before they pull onto the property.

I have put $880 on a single charge of fuel at a marina without issue. Last time I borrow that boat! Expensive "free" week.

[OnTheRebound]

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@GregB wrote:

It is the gas companies and/or the credit card clearing companies that are imposing the limit. I think you will find it varies by the gas station company. I can recall hitting the limit filling up two motorcycles.

One of my associated companies dispenses fuel and we use no limit. Normal fill up is $400 on trucks..We do know who they are before they pull onto the property.

I have put $880 on a single charge of fuel at a marina without issue. Last time I borrow that boat! Expensive "free" week.

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But why? I was under the impression they are in business to sell gas.

In the past when I went to fuel up I would go to a second station with another credit card to top off my tank. Today when my PenFed Gas Rewards Visa cut me off at $75 I ran it through a second time and it worked (I was hesitant to do this in the past). I just don't see any rhyme or reason.

I don't mean to be a pest, I would just like to know what the real reason(s) (one that makes some sort of sense) are for imposing limits.