Luciano: At Kroger, nothing is ‘low low low’ about debit-card holds at gas pumps – News – Journal Star
Thanks to Flo Rida, a current Kroger commercial boasts prices that are “low low low low low low low low.”
But that’s not the case when it comes to the debit-card and credit-card holds at its gas pumps.
To be clear, we’re not talking about the price of gas. Some types of business, including some hotels and car rentals, put holds on your cards to make sure you pay your entire bill.
Gas stations do this all the time. When you pop in your card, a hold is put on your account, often for $50. Before you pump your gasoline, the account is checked to make sure there’s enough money to cover any likely amount. Your card isn’t actually charged the amount of the hold, just the amount of the gasoline sale. And the hold later goes away.
However, there are two possible downsides here:
• The hold doesn’t vanish