Charged Credit Pricing When Buying Gas with a Gift Card?

October 10, 2013

Important Information

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At A Glance

This Alert Affects
Consumers who purchased gas using a prepaid gas card or gas station gift card.
Damages
These consumers are believed to be suffering a monetary loss when charged the higher, "credit card" price even though their gift cards may not be subject to the same credit card issuer transaction fees.
Company(ies)
Major gas station chains
Additional Details
Gas stations have to absorb a percentage of the purchase price when someone pays using a credit card and therefore offer an incentive – a lower price – for consumers to pay with cash.