| Gas credit cards have become quite popular in recent | | | | including restaurants, groceries and just about every |
| years. Rising gasoline prices have caused a great | | | | other consumer purchase you can think of. All offers |
| many Americans to rethink their fuel consumption, in | | | | are different so be sure to read the terms that |
| spite of our nation's love of the automobile. As far as | | | | accompany each offer. |
| gas prices go, it looks as if $3 per gallon is the new | | | | 4. No Annual Fees - Because the credit card industry |
| norm, while many experts predict that we are a | | | | has become so competitive in recent years, a |
| geopolitical crisis away from seeing $5 a gallon. | | | | byproduct of that is the elimination of annual fees. This |
| And while there are many ways in which we can limit | | | | is done to make the deal more attractive and as an |
| our fuel consumption, we still need to get to work, | | | | incentive to choose that particular offer. Always |
| school and the grocery store. One way we can help | | | | choose a card with no annual fee. |
| ourselves is through the judicious use of gasoline credit | | | | 5. 0% Fraud & Theft Liability Guaranteed - It is |
| cards. Some are specific to individual companies and | | | | unfortunate, but in our modern times credit card fraud |
| offer immediate savings at the pump while others are | | | | and identity theft has become a very serious problem. |
| general use cards that offer cash rebates regardless | | | | A gas credit card that offers full protection from theft |
| of which station you go to. | | | | and unauthorized use assures you that you will never |
| Let us examine the the benefits of gas credit cards: | | | | be held financially liable for others misdeeds. |
| 1. Cash Rebates - Cards such as the Chase BP Visa | | | | These are some of the main benefits that gasoline |
| offer up to 10% rebates as an introductory rate. These | | | | credit cards can offer. As always you are urged to |
| are termed "double rebates" and last for 60 days. | | | | carefully read over the terms and conditions of the |
| After which the time the 5% rate locks in for all | | | | offers you are interested in. Gas credit cards are a |
| subsequent gas purchases. The Discover Open Road | | | | wonderful way to keep more of your hard money. |
| card also offers 5% cash back but is not limited to just | | | | Let's do a quick scenario that illustrates how using |
| one brand of gas. | | | | these cards can add up to some significant savings |
| 2. 0% APR Introductory Rates - Many cards come | | | | over time: |
| complete with 0% interest rate offers on new | | | | Suppose you fill up your tank at a station that charges |
| purchases, while some offers have 0% APR on | | | | $3 per gallon. Let's say your fuel tank holds 15 gallons. |
| balance transfers. These introductory offers usually | | | | That visit to the gas station just cost you $45. Now if |
| last for 6 - 12 months and can be an excellent way to | | | | you use your gas rebate credit card you will get 5% |
| save on interest for those individuals that carry | | | | cash back on that fill up. With that rebate factored in |
| monthly balances. | | | | you are now in effect paying $2.85 per gallon as |
| 3. Cash Back Bonuses on Other Purchases - Expect | | | | opposed to $3. Not too bad of a deal is it? And oh |
| to see cash back bonuses of 1% - 2% on other items | | | | yeah, it adds up. |