Rebates of 8% are credited into card holder accounts directly for all purchases made with the Speedway Reward Card at SuperAmerica stores during the first 60 days of membership. Subsequently, cardholders are also eligible for a 4% rebate on their Speedway SuperAmerica purchases and a 1% rebate on all other purchases. These rebates expire in twelve months unless they are redeemed for free gasoline. However there is no limit to the rebates that can be earned.
On the flip side, the card imposes a steep interest rate in comparison to other reward cards of a similar genre. Furthermore, finance charges are configured according to the “Two Cycles Average Daily Balance" which works out to higher charges as compared to than the “Average Daily Balance" configuration used on most cards. However, there is a six-month long interest-free introductory period for both purchases and balance transfers. Also, this credit card does not require any annual fees to be paid.
Moreover, cardholders of the Speedway Reward Card can also expect common platinum cardholder benefits offered such as travel accident insurance of up to $500,000, auto rental insurance and purchase protection plans. Members are eligible for discounts at various merchants, with the full list participating retailers listed on the Chase Manhattan website.
In conclusion, the Speedway Reward Card is ideal for residents in the Midwest who often shop at Speedway & SuperAmerica locations and who own a motor vehicle. This consumer group would stand to benefit the most from the reward program. However, those who plan not to pay off their outstanding balances should look at other offers as the finance charge and the interest rates for this card would strip away any potential benefits.
In view of the high gas prices, we will still be much dependant on gas, until someone comes up with a better and cheaper power source replacement. Nevertheless, there is always a silver lining behind a grey cloud in any situation. What better way to acquire more value for your money in an era of inflation than getting your money back for pumping gas?
This can be a reality with gas reward cards. Usually with no annual fees required, gas reward cards charge a higher APR as compared to normal credit cards. Some gas reward cards limit the rebates of gasoline and general purchases to specific brands only. This means that you will only get rebates from purchases made at selected stores. Some of these cards also limit the total amount of annual rebates for each customer, with the usual limit being $300. Another type of gas reward card allows you to accumulate points from multiple brand gasoline stations. You can then redeem these points at affiliated partner stores, or even acquire gift cards and certificates from the gas company instead of rebates.
The downside to gas reward cards may be that consumers may be prompted to spend more rather than to save on their gas expenses. In any case, rewards should be viewed not as a goal to be achieved, but rather as just a reward. Otherwise, the original purpose of a gas reward card of cutting unavoidable expenses would be defeated.
Similar to cash-back reward cards, gas rebate cards return a percentage of your gasoline purchases to you on a monthly basis. The rebates are usually in the region of 1% to 6%, with the average being 3%. Some cards may offer an introductory percentage of 5% to 8%, only to lower it down to the usual 3% about two to three months later. Apart from the rebate on gas, users should also look for cash-back rebates on normal purchases for the same card. The rebates for such purchases are of a lower percentage (around 1% or 2%) but these purchases can add up if your family shops with supplementary cards. Some cards even offer double value for your points when you use them to redeem special items at selected stores.
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