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Article #139632

Re: Hold on Funds in account

#139632
From: Brian Smith
Date: Sat, 06 Jun 2009 18:37
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Al wrote:
> AXemen99 the link you provided to a US site doesn't apply here.
> Canadian banking isn't governed by US laws. The site refers to direct
> payment cards which are only available here from credit unions (and
> most of them don't know it) They look like a Mastercard but debit your
> bank account, sort of like a secured credit card. They are VERY common
> in the US and virtually unknown here.
> Anyway, the preauth at the pump is standard for ALL credit card users
> since pay at the pump came into being. If you have never noticed
> you've never gotten close enough to your limit. If you know you are
> close to the limit don't pay at the pump, pay inside. The $100 is
> because they don't know you have a civic not an F150 and they want to
> be covered regardless.
> PC mastercard is issued by Mastercard and does not debit from your
> bank acct. It allows charges up to your agreed credit limit. It is the
> same as any of the other 50 or more branded mastercards as far as
> using it goes.

	One does not have to choose a dollar limit when using a credit card and 
paying at the pump. That is only an option to those that choose to avail 
themselves of that.
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From: Brian Smith <Halifax@NovaScotia.Canada>
Newsgroups: hfx.general
Subject: Re: Hold on Funds in account
Date: Sat, 06 Jun 2009 15:37:20 -0300
Organization: Datemas.de http://news.datemas.de
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