As Prices Soar, Drivers Use Credit Cards More
by Peter Andrew
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)
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