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[04:25:20 AM Monday, November 10, 2008]
Gas Rebate Credit Cards Help Reduce Your Monthly BillsThe US economy's recession makes for the cut back on energy use and decline in crude prices. The decline is not believed to last long but while prices at the pump are falling, consumers are enjoying a rare opportunity to cut sky-high gas expenses. It is the right time to use a gas rebate credit card in a most active manner. Despite the interest rates are steadily high, filling up your car with a gas card is a good deal because of the rebate programs. Purchasing gasoline for your auto is unavoidable everyday expenditure, so why not maximize the benefit of a lower price through a gas rebate perk? Great news is that most gas credit cards allow rebates to be used to reduce your monthly bill to the bank. If you are interested in gas card applications online, there are plenty to choose from: Discover® Open Road® Card, Capital One No Hassle PointsSM Rewards, Chase PerfectCard™ MasterCard®, Citi® Diamond Preferred® Rewards MasterCard® and Capital One No Hassle MilesSM Rewards For Travel & Gas. The main idea of these gas rebate cards is that each month you get a specified percentage of the amount spent on gas. If you opt to have this percentage amount applied to your monthly card bill, you come up with a lower monthly payment. Gas rebates work similarly to cash back credit cards with a notable exception: while cash back rebates are normally sent to you once a year, gas rebates are a monthly reward. This makes the savings scheme more obvious for consumers. What you get is a double advantage. You enjoy the convenience and speed of transactions at gas stations and you lower monthly payments to your bank. Typically, you get up to 6% or 6 points as a gas rebate, which you may receive through a gas purchase and any other purchase specified by the rewards program's terms and conditions. The highest rebate is accrued on a gas transaction and may be available only at the participating gas station. To apply for the appropriate gas card online, make sure its rewards program satisfies your spending habits. Best gas rebate deals online allow accumulating rebates at any gasoline, which is to your advantage if you prefer to shop around in search of best gas prices. Some of the most valued features on a gas credit card are no limits and expiration dates for rebates, no merchant restrictions; online account access and protection programs, such as price protection plan and identity theft and credit account fraud prevention. Most gas rebate offers come with no annual fees but often charge a higher then average interest rate. There might be a catch for those who carry balances. The key is to prevent interest payments from swallowing your rebate profit. It often happens when you begin accumulating interest on unpaid balances. We advise you pay your monthly bill in full which by the way is made easier with the gas rebate program. Not all applicants will probably qualify for gas credit cards. Stricter eligibility standards and risk pricing policy make for a more accurate choice of a new customer based on his/her credit history, the score, income and other factors. |