| With gas prices still very high, people want to save | | | | charges add up. This is how credit card companies |
| some money at the pump. Gas rebate credit cards | | | | can afford to offer cash back. Ideally you should keep |
| are becoming a very popular alternative. The average | | | | track of your credit card spending and keep that much |
| gas rebate credit card can save you up to five | | | | cash aside as money already spent. |
| percent on gas purchases. If you're not careful with | | | | Gas Rebate Credit Cards Offering Rewards Other |
| your credit card use, a gas station credit card could | | | | Than Cash Back |
| make you pay more for your gas. | | | | If you are trying to save money with a gas credit card, |
| Misleading Gas Credit Card Applications | | | | choose your credit card rewards carefully. You could |
| Before applying for any credit card, read the terms | | | | earn airline rewards on your gasoline purchases, but |
| and conditions. Most gas credit cards claim high cash | | | | they cost more money in the end. Airline rewards |
| back percentages, but there is usually a catch. Here | | | | would likely only cover a portion of you or your family's |
| are some examples: | | | | airline tickets. Then factor in vacation expenses and |
| • cash rebates limited to one gas station | | | | lost wages. Other gas station reward credit cards |
| company | | | | offer gift certificates. Again it usually only covers part |
| • high cash rebates only during an | | | | of the purchase and it is something you wouldn't |
| introductory period of usually 6 to 12 months | | | | normally buy. To really save with gas credit cards, |
| • a monthly or annual limit on how much cash | | | | apply for a gas credit card that offers cash rebates |
| back you can earn | | | | as checks or statement credit. |
| • a tier structure with varying cash back | | | | Why Are Gas Rebate Credit Cards Still So Popular? |
| percentages depending on spending | | | | Gas prices are a major economic factor. We hear |
| The credit card companies are very careful with their | | | | about gas price fluctuation in the news. The credit card |
| marketing wording. A cash back percentage is usually | | | | companies are aware of this concern. Nearly every |
| quoted as 'up to 5% cash back'. Once they say 'up to', | | | | gas station company has its own credit card and |
| you know you won't get that high cash back all the | | | | many of them are heavily marketed. Despite some |
| time. So know what you are applying for to prevent | | | | reward limitations, many of these gas rebate credit |
| disappointment. | | | | cards are very good deals. |
| Keeping a Balance Will Blow Your Cash Rebates | | | | If you spend a lot of money on gasoline, a gas rebate |
| With any credit card, if you only make the minimum | | | | credit card can get you the cheapest gas prices. A |
| payment and keep a balance, you will pay interest | | | | gas rebate credit card used responsibly could save |
| charges. Over time these interest charges could cost | | | | hundreds on dollars off your gas bill each year. Ensure |
| a lot more than any cash rebates you earn. Try to | | | | you are familiar with your credit card rewards program |
| only use your credit card as much as you can afford | | | | details though. Pay off your credit card each month |
| to pay off next month. This can be difficult to adjust to | | | | and avoid interest charges. Compare credit card |
| for some people. Suddenly they are paying for | | | | offers carefully and read the fine print. |
| everything with their credit card to earn more cash | | | | Compare the best gas rebate card, then apply for a |
| back. Meanwhile it seems as if their bank account is | | | | gas credit card online today and start saving. Also click |
| unaffected. This could lead to impulsive spending. | | | | for more low interest credit card application |
| Before they know it, their bank account is empty and | | | | information. |
| a big credit card bill shows up. Then the interest | | | | |