Gas Rebate Benefits
With gas prices now approaching $4.00 per gallon in every corner of the U.S., fuel consumers need all the help they can get in paying for their gasoline. Rising fuel pump prices hurt the poor more than the wealthy because it involves more out-of-pocket expenses, which puts a strain on a static budget. And most drivers have no choice when it comes to hopping in the automobile and going places – especially to a place of employment.
Gas rebate cards allow drivers to get some of that expense back at the end of the month. And the best gas cards offer cash back incentives on purchases other than gasoline.
Gasoline cards typically offer rebates in the range of 3%-6% of purchase. That means for every $100 in gas purchases, if your card offers a 5% cash back rebate, you’ll receive $5 in cash back rebates.
Many cards pay their cash back when you reach a minimum purchase level. And some of your rebates on non-gasoline items are lower than your gasoline rebate offer. So your convenience items might only pay out at a 1% or 3% rate. Some cards, however, do not distinguish between fuel and non-fuel purchases – you get the same rebate no matter what you buy.
It’s easy to see the benefit here. If you are paying out $4.00 per gallon and you get a 6% cash back rebate, then your fuel is effectively costing you $3.76 cents per gallon. That’s a nice 24 cent per gallon savings. And if you also make non-fuel purchases often, then your fuel consumption is even less. You could bring it down to the $3.50 per gallon range.
These benefits of gas rebates are a great incentive to applying for a gas rebate credit card. Find one near you now and take advantage of your cost savings. You’re buying gas anyways, right?