As Prices Soar, Drivers Use Credit Cards More

Whether

unprepared, unwilling or unable, more and more drivers are managing

rising gas prices by using credit cards for a temporary payment

delay.

According

to the National

Association of Convenience Stores, credit card purchases

for gas are currently at 70 percent, up from around 54 percent

last year

While

credit card purchases offer consumers an interest-free loan

for about a month, the bill still comes due. Drivers who fail

to pay off their credit card bills each month could eventually

pay much more for that fill-up due to interest charges.

Published 08/24/05 (Modified 05/07/12)