Or you could do your credit card purchasing with a credit card that offers you gas rebate rewards. With the cost of gas spiralling through the roof with a speed it hasn't had since 1972, gas rebate credit cards are becoming a more and more popular option for people looking to save a little money at the pumps.
And it's no wonder. With the average cost of filling your gas tank hitting $30 and up, saving as much as 10% every time you fill up is a powerful incentive to abandon 1-5% cash and reward point rewards in favor of a credit card that pays you back in gas. To make the deal even sweeter, many of the best deals are on standard credit cards that will pay you a rebate on any brand of gasoline that you purchase.
The rebates range from 3% to 10% cash back on your gas station purchases. They're paid out by a variety of methods including gift cards, discounts on other purchases and credits to your account. Of them all, the cards that apply the gas rebate directly to your existing balance seem to make the most sense on the surface. By applying the rebate amount to your existing balance, you're also lowering your monthly interest payment by lowering the amount on which the interest is charged.
Among the credit cards that offer rebates on any purchases made at any gas station, the AAA Diamond Advantage Visa from MBNA appears to be among the best. It offers a 5% rebate on any brand of gas purchased, plus one reward point for every dollar spent. The reward points are automatically applied to your account. When you earn 5,000 points, the company issues a $50 gift certificate for AAA services.
If you're willing to confine your purchases to one brand of gas, you can earn 10% off all Marathon purchases for the first 60 days followed by a 5% rebate for fuel purchases thereafter. Shell MasterCard, issued by Citibank offers 5% rebate on gas purchases and 1% rebate on general purchases. The amount saved is credited to your card statement every month. In addition, each year that you make 9 or more purchases of Shell Gasoline, your annual fee of $20 is waived.
Your best bet in choosing a gas rebate credit card is to study all the offers and figure out which works best for you. Gasoline is one of the larger monthly expenses for most people. Being able to cut your gasoline bill by 10% or more per year is certainly worth doing a little credit card research before making a choice. Don't forget to average in the credit cards that aren't specific to gasoline rebates. A standard credit card with a great cash-back program AND a rewards points system could be your best choice of all.
Gas Rebate Credit Cards
But did you know that you could actually save a lot of money in going to a gas station almost every day? Yes, and that can happen if you have a gas rebate credit card.
Don't expect for the price of gas to come down. Almost every commodity in the market has their prices soaring higher and higher. In purchasing fuel for your vehicle, you can get a discount if you only have a gas rebate card.
Gas rebate credit cards works like that of cash back cards, but instead of receiving it once every year; you will be able to receive a certain amount in credit form each month.
Gas rebate cards are widely available, and all you have to do is to select the best one. The card member earns interest; and this interest greatly varies depending on the offer. Introductory offers for gas rebate cards have a maximum rate of 6% in order to attract customers, but after some time, it is also reduced.
There are gas rebate cards offered by many gas companies which are called 'brand specific' cards and is used only in a specific location. This is an advantage for people who purchase their gasoline or fuel in one particular station. But if shopping around is your habit, or if you frequently have out-of-town travels, this would be a disadvantage to you.
Because of certain advantages and disadvantages, most of today's companies which cater to general purpose cards are offering gas rewards. The amount is accumulated every time you make a purchase from any gas company.
The rebates given every month also varies, so before making any application, you should make sure that it is fitting to your needs. There are different rebate types given to customers, therefore you should ask for the type before proceeding with the application. Usually, rebates are given every month in credit form to a specified account of a card member or holder.
You should also consider these things: (1) gas rebate credit cards have certain restrictions, and (2) other companies set limits on the amount of annual rebates.
Annual fees should not be a cause of worry because most of gas rebate cards don't charge any. However, you must be aware that the interest varies month after month. And if you can't pay all your dues at the end of the month, and have a remaining balance, this is of utmost concern for you.
Everything has limitations, and gas rebate cards are no exemption. Before selecting one particular card, you must compare all their advantages and disadvantages while considering your current needs.
With gas/fuel prices pumping high in the market, many customers will look for the best gas rebate card available. And if you're one of those people, you can start by looking around your local area or you can visit several sites on the internet which features gas rebate credit cards.
You have to know a great deal about gas rebate cards; and how it actually works. A little knowledge would do, at least you will not be ignorant about it. These cards will truly help you in your gas/fuel dilemma; especially those who owns a car or two and regularly uses them.
Both Joseph Kenny & Mario Churchill are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Joseph Kenny has sinced written about articles on various topics from Credit Cards, Debt Consolidation and Credit Cards. Joseph Kenny is the webmaster of the credit card comparison site and also. Joseph Kenny's top article generates over 550000 views. to your Favourites.
Mario Churchill has sinced written about articles on various topics from Credit Cards, Anger Control and Credit Cards. Mario Churchill is a freelance author and has written over 200 articles on various subjects. For more information on a credit card or to . Mario Churchill's top article generates over 246000 views. to your Favourites.
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