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Gas Stations Credit Card

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With gas prices hovering at record highs - and with no telling when they'll drop or even shoot up higher - most people would be hard pressed to find themselves rejecting a little bit of help on paying the price at the pumps. In an effort to help consumers manage the prices, plenty of banks and gas companies have banded together to offer gas credit cards. At first glance, these cards seem like a huge blessing - after all, who wouldn't want to save a few cents? However, the amount of fine print that comes along with the cards, as well as the various benefits from each, can throw a bit of a wrench into deciding which gas credit card to apply for.



1 - Station Cards

Station-specific gas credit cards are essentially tailored to one specific brand of gas station. In some cases, station cards can offer the consumer between 3-5% cash return on their gas purchase, which tends to be touted as an immediate benefit of saving at the gas pump - that's cash back in your pocket after each gasoline purchase at their brand of station. It promotes brand loyalty, and it works! In some cases, you'll also be offered a 1% cash back or rebate on purchases from other vendors.

Typically, you can either choose to have this money sent to you as a literal cash back, or you may choose to have it automatically credited to your next bill - helping to take the edge off your final total each month. The highest rebate percentage you're going to find for any station card is 5%, and in some cases, these are the cards you're going to end up paying an annual fee for. Again, it's worth reading the fine print - you don't want that cash back to become a moot point if it's only going to pay an annual card fee.

2 - Flexible Cards

These flexible gas credit cards are generally the brainchild of a bank that realizes that some consumers want to have the option of giving their business to whichever gas company provides the best price, or is the most convenient wherever they happen to travel. Flexible gas cards are, again, cash rebate cards that tend to pay out anywhere between 2% and 5% on all gasoline purchases - however, you have the option of buying your gas from more than just one company. You'll get credited for them all.

There is a catch, however - for cards with 5% rebates, you may find that there is a cap on the amount of gasoline spending that the card can pay out for. This is often over $1,000, though in some cases, not by much. For people who travel a lot, although it would be nice to have the flexibility of using any station, the flexible gas card rebate cap would probably hit fairly quickly.

Although there are no perfect gas credit cards, the best course of action is to take a look at your spending habits, and choose a card that best suits your lifestyle and needs.
Gas Stations Credit Card
Saying that gas prices have been a pain in the you-know-where is a complete understatement. It is an ominous problem that seems to grow out of proportion each year. Try as we may, this is a problem that we cannot rid ourselves of. Most of us need our cars not just because we are too lazy to walk to the bus stop, but because we need it for our jobs and to expedite our transportation time so that we can tend to the other responsibilities we have.

So as fuel prices continue to increase, there is not much left we can do but grit our teeth and just hope that maybe someday, we could run our cars with water, (but at the rate things are going, we may not even afford water in the future). So what is there left to do? Fortunately, gas companies and other financial establishment shave come up with a way to alleviate this dilemma, and our savior is a small rectangular plastic card called the gas credit card.

Okay, so it may not be relatively new as it has been available for the past few years already, but the way the competition is heating up with all the gas companies, the rewards, rebates, cash backs and gifts they send our way (the consumers) have been a great surprise.

But to say another understatement, the gas credit card has been very handy, if not very beneficial. Basically, deriving from its name, a gas credit card allows you to purchase gas in credit, big deal, regular credit cards are also able to do that and they have already been widely available for use in most gas stations. True, but gas credit cards, especially those that are used for a single gas company and only in their gas stations provides more benefits like the aforementioned cash backs, rebates, low interest rates, zero APR's, rewards and so much more. Hey, in these times, every thing that we can get our hands on (legally of course) counts.

Gas companies do these because they want, or maybe need, our patronage. They dangle these offers in front of us to attract us (lure us?) into getting their gas credit cards. But not that I'm saying its bad, in fact, I love that this is happening, the more they compete with each other, the more savings, us the consumers get.

Some of the juicy bait they try to attract us with are ten percent rebates after sixty days of acquiring the card, some even continue the rebates but at a lower percentage, like say five percent after the initial three months. Some gas credit cards forego with the annual fees for a certain period of time. Some may even have zero APR's on balance transfers. These are all good for us.

A number of these gas credit cards may even be used for other purchases like regular credit cards, so you get the best of both worlds.

So if you seem to be living in your car zipping from one place to another, its high time that you get a gas credit card now. Application is easy, you can either go to your favorite local gas station and inquire if they have one, or you can just go online and do your application there. Fuel prices may eternally be going up, but with all the benefits gas credit cards offer, you will certainly be going places, with a lot less cost.
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•Gas Credit Card Application, by Loren Yadeski
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Both Adrian Adams & 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.

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