Standard Bank to review charges on credit-card petrol purchases
News from Independent Online:

Following Personal Finance’s lead story looking at methods of paying for petrol and the associated costs – Standard Bank says it is reviewing its position on the fees and interest it charges clients who use a credit card to pay for petrol.

Personal Finance reported that the big four retail banks, including Standard Bank, all treat petrol purchases on a credit card like any other retail purchase: in other words, there is no transaction fee and clients enjoy the usual interest-free period applicable to their card.

However, in response to the story, readers who bank with Standard Bank reported that they are charged transaction fees and interest from day one when paying for petrol with their credit cards.

Although the information carried in the story was supplied and checked by Standard Bank before publication, it was incorrect.

In fact, Standar…………… continues on Independent Online

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News from The Herald-Times (subscription):

City keeps a close eye on employee credit card use

By Kasey Husk
331-4243 | khusk@heraldt.com
December 11, 2011 While county officials are facing scrutiny related to improper credit card use, their counterparts in city government sa … Please log in to read the rest of this story.

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