Save money with a gas credit card. The cost of gas is continuing to increase and it appears that the price will only get higher. This is causing a hardship on a lot of families. The high cost of gas is causing families to struggle to pay bills.
Gas Cards are Gaining in Popularity
Everyone is looking for ways to reduce how much they spend on gas every month. One way to reduce the cost of what you’re spending on gas would be to use a gas card with a rebate.
If you use a gas rebate credit card to buy gas, a percentage of what you spend will be credited back to your account at the end of the month. The average amount of savings is three percent, but some credit card companies offer a rebate of five percent. This may not sound like a lot, but that is more money in your budget to spend on things like food and insurance.
With the high cost of gas, you might consider gas cards with a rebate
Most people visit the same stores to buy gas and you can find gas cards at many of your local gas stores. If you like to shop around for the best gas price, you may want to shop around and find national credit card companies that offer a rebate that you can use at any gas station. Some examples of national gas companies with a rebate card are Chevron and the Texaco Visa card
Most credit card companies will limit the amount of credit you get back. The best cards give a rebate of a few hundred dollars every year. You should look for cards that don’t require you to pay an annual fee. You will want to do some research to find the best deal, but I have listed a couple of links that appear to have great benefits. Most of these cards are not limited to gas purchases.
The TrueEarnings ® Card from Costco and American Express offers 3% rebate up to $3,000 annually and 1% after $3,000. You also save 2% on dining purchases, 2% on travel, and 1% on everything else. The only drawback is that you have to be a costco member.
The Chase Freedom card offers 5% rebate up to $1,500 every quarter. The main drawback to this card is that you have to have excellent credit to qualify.
Word of Caution
While you can save money every month if you purchase your gas with a credit card that has a rebate, there are some major drawbacks. One thing to look for when researching gas cards is to look for hidden fees. Some companies will use hidden fees to recover the rebate they are giving back to you.
Also, you must be disciplined in your spending and pay the balance in full at the end of every month. Customers who don’t pay their balance in full will be charge and exorbitant amount in interest every month.
Get Creative For Extra Savings
There are some stores that offer a gas saving if you use of of their gift cards to purchase gas.
One example I can think of is Murphy’s typically gives a 3 cent discount if you use a walmart or sam’s gift card to purchase gas. If you use your credit card to purchase your sam’s gift card, you will increase your savings even more. I hop you enjoyed the article.
Do you have an experience using gas cards? Do you have some tips using gas cards that would help save gas? We would love to hear from our readers. please post a comment and give us some feedback.