I am a big fan of credit cards in genreal and I also support using credit cards for gas, but here is a major pet peeve I have when using my Paypal Mastercard for purchsaing gas. For some reason when I proccess the card at the pump it always dials in for approval of a $75 minimum charge and then because my Mastercard is directly linked to the card it puts a hold for that amount of funds in my Paypal account. Sometimes it takes a whole week to release the funds and it always nags at me because I am worried I will be charged the $75 amount instead of the actual amout of gas I purchased. It has become such a problem that I am seriously considering getting a gas credit card to use for my fillups instead of my Mastercard, they ask me everytime to apply for one anyways.

This entry was posted on Saturday, March 1st, 2008 at 6:37 pm and is filed under Everyday Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.