How often do you fill up at the gas station every week? There is no getting away from higher fuel costs. The price of gas fluctuates every week and we won’t have any control over those increases. With the credit card company & gasoline companies’ new found business relationship they now have gasoline credit card offers that allow consumers to save up to 4-5% on their gas purchases.
In other words, for every purchase of gasoline, customers can receive rebates up to 5% maximum and 3% minimum. Discover, AMEX, Chase, Citibank all have gasoline credit cards that coincide with the gas station you frequent. With each use of the gasoline credit card for general purchases and gas purchases you can receive cash back or a rebate amount on future gas purchases or other options depending on the credit card.
You will be thrilled to find that some gasoline credit card offers will have a 0 introductory rate with approval. Another great addition of specific gasoline credit card offers is that certain cards do not charge annual credit card fees which can save you from $50-$100 per year. Inquire about any excess charges to pay annually or will the consumer incur heavy interest rates every month or bi – annually. The more prominent gasoline credit cards may have lower interest rates and no annual fees.
Make note of the details of specific gasoline credit card offers. Check carefully whether the cards can be used at select stations only. The terms will reveal what gasoline stations are valid for the gas rewards. Remember not to apply for just any gasoline credit card without checking the fine print.
The best gasoline credit card will allow use at any gas station for reward benefits / gas rebates, a good percentage for the rebate and a low annual percentage rate without an annual fee. Such additional benefits would include tie-ups with other merchant services for using the card to make purchases, receiving 10% rebate for the next 2 months or receiving 6% rebate for the next 3 months for purchasing additional gasoline credit cards.
Some credit card companies also offer the cards free of annual charge for a period of one year, and after completion of one year implement minimum annual fees for the remaining years.
Look for the following when applying for a gasoline credit card:
Low interest rates, freedom of use at any gas station, % of gas rewards you can receive
If you drive all the time and are constantly filling up on gas then this card was made for you
Remember that every card is different so you want to check all the details when choosing a gasoline credit card
All in all, gasoline credit card offers are an investment for the everyone seeking free gas for using your credit card.