Good grief, CC companies set the limit on their cards

Specifically, it's controlled by the merchant based on recommendations from the card brand. The intent is to reduce liability for the merchant in the event of chargebacks due to fraud.

The inconvenience is caused by the increase in fuel prices. The lower cost of fuel kept the limit from being reached in most cases. You can get around the limit by paying at the cashier prior to fueling.

It has been anywhere from 50 to 100 for the last 15 plus years.

Not true at all. I've been routinely filling up my SUV for $50 for the last 3 years now its approaching $80. This administration killed something that was so simple and good for the normal working class.

It is to due with what your credit card or debit card pre approves. Maybe we are talking about two different things. I live at LOTO and I don't have to to prepay at my local station. When I did the pay at the pump it stopped at $100. The other day I did pay inside and the truck fuel was $140 plus

How I read the posts was he was saying before Biden the $75 card limit wouldn’t matter because filling the tank up wouldn’t cost enough money for the pumps to turn off.

US companies seem to be learning something from the Saudis about supply and demand and it's effect on pricing.

"Even as oil and gasoline prices rise, industry executives are resisting their usual impulse to pump more oil out of the ground, which could keep energy prices moving up as the economy recovers."
"Scott Sheffield, chief executive of Pioneer Natural Resources, a major Texas producer, predicted that American production would remain flat at 11 million barrels a day this year, compared with 12.8 million barrels immediately before the pandemic took hold."
"The oil industry is predictably cyclical: When oil prices climb, producers race to drill — until the world is swimming in petroleum and prices fall. Then, energy companies that overextended themselves tumble into bankruptcy."

https://www.msn.com/en-us/money/mark...er/ar-BB1etgvW

Liberals are getting so defensive. No one is saying biden is responsible for the 75-100 cc limit pay at the pump. We are saying that bidens gas price spike is causing us to hit that limit, the limit we did not get close to under Trump's energy independence policies. I used to have to swipe 3 times to top off my 40gal diesel truck under the obama regime, only swiped once during Trump's presidency. The limit was still there, but fuel was cheap enough that I never hit it.

I guess if the US president is responsible for worldwide commodities, then we can blame Trump for lumber prices tripling while he was in office.

https://cimg7.ibsrv.net/gimg/www.off...bc976ee4d5.png