So the question of the $50 and $75 fuel-up cut-off has been de-mystified.It seems that the $50/75 limit is imposed because that's what Visa and Mastercard (and other credit card issuers) will reimburse gas stations for fraudulent gasoline purchases. My fictitious scenario of a stolen card fueling up an entire convoy wasn't as far from the mark as I thought.
This really isn't all that surprising. Of course Big Credit will protect itself at all costs. If it inconveniences the rest of us in the least, well -- they could care less. And I'm confident that Big Oil would back them on this even though they are in a win/win situation regardless of gas purchases being legit or fraudulent.
The bar needs to be raised. Actually, the bar needs to be razed, but that's definitely not going to happen. The $100 fill-up is now a reality for a lot of vehicles and I can't imagine that the risk to Big Credit would be more than negligible to at least lessen our time at the pump if not our pain.
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