New York, NY – February 28, 2012 – Prices at the pump have risen every day for the last three weeks, leaving drivers dismayed as the price-per-gallon tops out over $4 from New York to California.
The average car`s tank holds 20 gallons of gas; a Honda Civic holds approximately 13 gallons, while a Chevy Tahoe has a fuel tank capacity of 26 gallons. Any way you look at it, this means most drivers are paying around $80 a pop to fill their tanks. Ouch!
What can people do to ease the pain? One thing that may take the sting out of rising gas prices is to pay at the pump with a gas-rewards credit card. Let`s look at a few of the deals out there right now, courtesy of a study by Credit-Land.com.
Credit-Land`s top choice for gas rewards allows card members to sign up to earn a 5% cash-back bonus on up to $1,500 in purchases at gas stations, up to a maximum reward of $75. That`s almost a full tank of gas, depending on what you drive.
Spend $ 1, 500 * 5% cash back = $75
Coming in second place, Citi gives cardholders 5 ThankYou Points for every $1 they spend at gas stations. Spend $1500 and earn 7,500 points to get $50 back on your purchases. Not too shabby. Unlike Discover Card, Citibank does not have a limit on points you can earn, and there is no expiration date on this deal. If you spend $ 2, 800, you earn 14,000 points, which you can trade in for a $100 credit on your statement or a Visa gift card.
Furthermore, customers can maximize their rewards by shopping with selected retail partners, such as Shell and Stop & Shop. Gas points can be redeemed atparticipating Shell and Stop & Shop locations. All you have to do is sign up for a free Stop & Shop loyalty card, and save 10¢ or more per gallon at Shell while you earn points at Stop &Shop.
- 100 points = 10¢ savings per gallon of fuel for 1 fill-up
- 200 points = 20¢ savings per gallon of fuel for 1 fill-up
- 300 points = 30¢ savings per gallon of fuel for 1 fill-up
- 400 points = 40¢ savings per gallon of fuel for 1 fill-up
Look at that a little more closely: if your car takes 20 gallons of gas and you have 400 gas points, a $4.00 gallon of gas becomes $3.60. That means it’ll only cost $72 to fill your tank instead of $80.
With our economy still in recovery from the recession and gas prices continuing to climb, consumers are trying to stretch their dollars as far as they can go. There`s no lack of rewards, special offers, and ways to save using credit card gas rewards – all that`s needed is a little research.