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Credit Cards Credit Card v17, Ask general questions here, Please read the 1st post before posting!

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mar90
post Jan 13 2013, 09:28 PM

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please teach me how to pump petrol using cc?also which to swipe first?the petrol reward card or the cc? so noob
mar90
post Jan 13 2013, 11:04 PM

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QUOTE(Human Nature @ Jan 13 2013, 10:31 PM)
It differs from one brand to another. For Shell:
1. Insert bonuslink card (refer to the diagram at the pump)
2. Remove bonuslink card when prompt.
3. Insert credit card. There will be some display at the screen to verify the card.
4. Remove credit card when prompt.
5. Pump.
6. Place pump at its holder, take out receipt.
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QUOTE(fly126 @ Jan 13 2013, 10:49 PM)
Step by Step:
i) 1st insert your petrol card into the card Slot at the pump & remove the card after the instruction...
ii) Insert  the Credit Card in the slot & wait for transaction (process)  approval
iii) After approve (there was dime Green Light near the Card slot) Your can retreat yr Credit Card now
iv) Take up the Nozzle & start petrol filling for your Car
& after finish it put the Nozzle back wait for receipt Printing after keep it for your record

Note: Petrol Transaction at the Plumb (outdoor)
Pre-authorisation amount (usually $200) will be charged to customer's card account during the fill-up.The Pre-authorisation amount will be reversed back & the actual filled-up amount will be charged to customer's bank account(card) once the bank receives the actual  filled-up amount from the acquiring bank. Average pre-authorisation holding days is 3-5 days
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Thank you very much. You guys have been very much helpful notworthy.gif
mar90
post Jan 15 2013, 06:39 PM

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yesterday my sister asked me how the banks can make money of out giving me credit cards if I always settled in full every month. Can someone explain how the banks profit if like this?
mar90
post Jan 15 2013, 07:16 PM

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QUOTE(hye @ Jan 15 2013, 06:57 PM)
The bank don't make profit from you at all, really they don't if you pay in full.

Here's how the bank will make money -
1. Every single transactions swipe with the merchant - small percentage goes to the bank, ranges from 2%-3%.
2. Interest from rollover balances - if you don't pay in full.
3. Misc Fees - Annual Fees but these days it's waived anyway, Card Replacement Fees but this is rare, etc. (Very minor contribution if there's any)

It's the No.1 followed by No.2. So, are you fully satisfied and completely convinced (and your sister) that the bank doesn't make money from you if you pay in full ?
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thanks. i knew the bank must make profit somehow. but i just dont know how before. now can explain la laugh.gif
mar90
post Feb 14 2013, 11:23 PM

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i have a question. let say credit limit is 5k only. can i charge 5k to it everyday by paying the amount the same day? or maybe can debit the card? how much can we debit the card?
mar90
post Feb 14 2013, 11:49 PM

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QUOTE(fly126 @ Feb 14 2013, 11:48 PM)
CAN... you can do it so with Debit Card, depend the Spending Limit that You set on the Debit Card (Usually 5 k per day... but some Debit Card with 10 k Spending Limit). Actually You Set Any Spending Limit on Debit Card
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if debit card sure no problem..but can this be done using credit card?since credit card can get points/rebates.. smile.gif

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