Can I buy a prepaid card at a gas station using my gas station credit card? Walsh notes that retailers are making individual determinations about whether such policies are needed, often based on their assessment of potential risk. These illegally obtained gift cards can then be sold on gift card exchange sites, essentially giving the scammer a way to turn a stolen credit card into quick cash. Not Helpful 1 Helpful 1. Gift cards may be irresistible to scammers, but they also mean big business to many retailers.
But changes are still some months away. In many cases, stores that want to avoid incurring major fraud-related losses have placed tighter controls on gift card sales.
Giant Food, a grocery store chain with almost locations throughout the East Coast and mid-Atlantic region, recently enacted a policy prohibiting the purchase of gift cards with a credit card. Mallory Duncan, senior vice president and general counsel at the National Retail Federation, says the NRF has noticed the increase in these policies — and, like Ferrara, he attributed the increase to the bottleneck in the EMV certification process.
Walsh notes that retailers are making individual determinations about whether such policies are needed, often based on their assessment of potential risk. Retailers are looking at a lot of reports and trends, to try and identify where the potential for fraud is most common. Why the focus on gift cards? The short answer is because they are extremely popular with both customers and scammers. Crooks will use a stolen credit card — or in the case of online purchases credit card number — and quickly buy a bunch of gift cards or prepaid cards, before the stolen or compromised credit card is frozen or deactivated.
These illegally obtained gift cards can then be sold on gift card exchange sites, essentially giving the scammer a way to turn a stolen credit card into quick cash. Gift cards may be irresistible to scammers, but they also mean big business to many retailers. One major credit card company sees these gift card policies as a short-term inconvenience while improvements are made that will ultimately benefit everyone except maybe scammers.
MasterCard declined an interview request, but provided this statement:. What we see now is a short-term effect on both merchants and issuers as the market migrates to chip and adopts the EMV standard. This is similar to what other markets experienced as they adopted chip.
While these new policies may be an inconvenience to all gift card shoppers hoping to use a credit card, the trend is particularly unwelcome among one group of consumers. Want to learn more about rewards and bonuses? Check out our best rewards credit cards. Lee Huffman, a credit card expert who founded BaldThoughts. As someone who routinely makes significant gift card purchases to reap a variety of credit card benefits, Huffman says this has had a big impact on his normal routine.
Tips for using mobile gift cards. Usually, you will find better deals here; for instance, activation or initial purchase fees are often waived. For the best card, be sure to comparison shop.
Always keep the receipt in case you or the person you give the card to has difficulties using it. Prepaid credit cards are not regulated like debit cards or normal credit cards, and as a result they come with a dizzying variety of fees. You can check here for some of the fees on the most popular cards.
Before buying a card, however, be sure to read the fine print and check for: Activation or initiation fees Monthly fees Per transaction fees ATM fees Balance inquiry fees Fees to add money to the card Fees for paper statements Fees for customer service calls Bill payment fees Fees for not using your card Fees when closing the account Overdraft fees. Stay away from cards that charge per transaction. If you are going to use your card regularly, pay-as-you go cards will cost you a lot of money.
A low monthly maintenance fee is a better option, unless you are only using your card in emergencies. In that case, also make sure your card does not have an inactivity fee. Watch out for cards that charge per deposit and have deposit limits. Most cards will waive deposit charges if you use direct deposit, PayPal, or a bank transfer to fund your card. Some, however, charge for all deposits.
Use a card comparison site. Some of the most highly recommended cards include: It does not have bill pay. Can I buy a prepaid card at a gas station using my gas station credit card?
It depends on the gas station. Some will not let you use a credit card to buy a prepaid card. Not Helpful 3 Helpful 5. Not Helpful 3 Helpful 2. Yes, it acts just like any other credit card. Simply enter the card number and expiration date to complete transaction.
Not Helpful 1 Helpful 1.
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