Gas Rebate Credit Cards Revealed
When considering a gas rebate credit card, you need to determine which one is right for you. There are so many different cards with a number of rewarding benefits and it can be frustrating.
First, you need to ask yourself if you pay off your debt every month or if you typically allow your credit debt to revolve. Gas credit cards tend to have higher percentage interest rates, so they may not be a good bet if you let your debt build from month to month.
Do a quick estimate of the number of gas stations you’ve visited in the last month. Is it a random assortment of stations—whichever happened to be closest when your empty tank light went on? Or do you tend to go to the same station every time you buy gas?
If you’re a devoted customer to one gas station, a gas card at that station may be the best idea. That’s because gas cards tend to give higher rebates at their stations compared to other purchases.
If you shop at a few gas stations, you may want to narrow down your card selection to the company with the best rebates. Say, for instance, you usually buy gas at Shell, Texaco, and Gulf. Get information on all three companies’ credit cards.
If one of the three credit cards has a 6 percent rebate on its gas while the other two have 4 percent, that kind of savings is a major reason to pick the card with a 6 percent rebate, especially as gas prices keep on going up and up.
Gas cards can also be very convenient if the gas station has a convenience store. Those rebates also extend to merchandise other than gas. If you visit a particular gas station convenience store for necessary items such as milk and lunch, the 6% rebates can add up quickly.
For those who have trouble budgeting and keeping track of expenses, whether for personal or small business reasons, a gas card can be a way to organize without even trying.