Everyone drives a car these days, so if you want to save money on gas, you might want to look for other options. Gas credit cards are one of the best ways to save money on gas that most people don't use. Many companies, like VISA and MasterCard, offer credit cards for gas that are designed to help you save money at the pump.
You might be wondering how these credit cards work. Gas stations like Speedway, BP, and others will give their customers credit cards that are linked to a larger credit card company, like VISA or MasterCard. You'll find that you can use most of them anywhere that accepts these major cards. This lets you know that you won't just be able to use it at the gas station. You'll be able to use it many other places as well.
A credit card for gas is a pretty simple idea. As a welcome offer, most credit card companies offer a bonus rate for the first few months. This rate could be anywhere between 1% and 10%. If you pump a lot, this can add up quickly. But you should keep an eye out for a cap. Some cards limit how much gas you can buy each month. Some cards have other rules that may make it hard for you to save as much money as you want to. Before you apply, you should make sure you know about these rules.
How often are the rebates good? Rebates usually range from 1% to 10%, as was already said. If you think about it, you probably wouldn't have saved this much money before you got a card. Even a small amount adds up over time. The best rate will be on credit cards that are only good at one gas station. Most of the other gas cards will let you save money on things other than gas, like groceries and other items.
Now that I understand how rebates work, how do I get them? Credit card companies are all different. Again, you should look at the rules to get a feel for how they work. Most of the time, when you get your bill in the mail, you'll see a credit on your account. You'll be able to see exactly how much you saved over the course of the year. If your rebate is around 4 percent, you save $4 for every $100 you spend on gas. Even though it doesn't sound like much, it's better than nothing.
You don't have to get a credit card that's just for gas if you don't want to. You can still find one that suits your needs. A lot of credit cards that give rebates on gas also give rebates on other things, like the ones above. So you'll not only save on gas, but also on clothes, food, and other things. If you drive every day and pay full price, stop what you're doing and apply for a credit card right now.
