Does your Credit Card Charge you an Extra $50 Whenever you Buy Gas. What Gives?

ABC News reports that banks are allowed to place a hold of up to $75 for up to three days on a gas purchase by credit at the pump. This includes "credit" purchases made by swiping a debit card, said Nessa Feddis, vice president/senior counsel for the American Bankers Association. (Feddis said consumers who pay by debit card can generally avoid holds by using their PIN and making it a debit transaction and not a credit transaction.)

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