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Credit Cards - Credit card bought petrol more costly? - 16/06/2008

  
 
  It has been rumored that BP petrol stations are charging more for purchases made via credit cards such as the Chase BP Visa card, even though the card supposedly gives a 5% discount on such purchases.

One customer asked for an explanation from the petrol station owner who’s station he frequented and was informed that it was all due to a hike in credit transaction fees. When I told him that I would report his station to BP and to Chase Bank, he said, 'Screw you! I don't care, report me. They are the ones charging us more money for the transactions.'

It could be that BP stations are charging more to cancel out the 5% discount on cards such as the Chase BP card, or simply that they are actually being charged more themselves and therefore the rise is a necessity. Either way, any offers by credit cards promising cheaper petrol costs can be seen as almost worthless when the rise if all around cost is taken into consideration.

 
     
 
 
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