Are Gas Rebate Credit Cards a Good Deal?

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Credit Card Applications » Research » Guides » Travel with Credit Cards » Are Gas Rebate Credit Cards a Good Deal?

Are Gas Rebate Credit Cards a Good Deal?


Updated: December 26, 2012

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Gasoline prices at so high nowadays because of gas or crude shortage all over the word. Yet, despite this shortage, more and more people still require the fuel for their vehicles. If you live in the US, then you know that having a car is important to get from one place to another. Hence, paying for gasoline is unavoidable. But did you know that there's a way you can save on your gasoline purchases? Through gas rebate credit cards it is now possible to get as much as 5% cash rebate! If you plan to apply for a gas rebate credit card, you should consider some things for you to have a maximum usage. First, know where you can use your gas rebate credit card. Some gas stations may not be qualified to give you rebates because they may not be supporters of the credit card provider. Second, know the rewards that come with your gas purchases. You might be spending too much on gas but in return your gas rebates are not justified. You want to get the maximum rebate from your gas purchases so you have to know how much can you really save with a certain amount of purchase. Third, know if there are other fees that you have to pay. Aside from the annual fees, are there other concurrent fees that go along with every purchase while you use your credit card? You can get information on this by calling your credit card company or visiting their website. Even with the popularity of gas rebate credit cards, there are still disadvantages that you have to be aware of. These are: • Your rebates may be kept on hold. If you don't request for your rebate, some credit card companies might not give you check or automatically deposit it in your account. • Your rebates may only be good for a short period of time. Gas rebates may only be available for 6 to 12 months. So you have to be aware when and where you can get your gas rebates. • Your rebates are no good if you have high interests on unpaid balances. Your rebates won't be your savings since you have to pay for the outstanding balances and interest rates. • You have to make sure you're aware of the terms and conditions of the credit card companies that issue gas rebate cards as they often change with little notices. There are some cases that Credit Company changed the percentage rebate from 5% to 2% because gas rebates became popular with credit card holders. Your aim is to save money and save on gas. While gas rebate credit cards can do both, you still have know where can use your card to your advantage. Choose a gas station that can give you a good rebate deal. To save more money on fuel, instead of driving, walk especially if your destination is near. Or ride a bike if have to go a few blocks. By doing this, you not only save on gas and money; you're actually keeping yourself fit. Use can also use other means of transport like the subway and bus.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products’ Terms & Conditions on the issuing banks' websites.
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