The Appeal of Gas Station Credit Cards
With the high cost of fuel if you spend a lot of time driving you should look into getting a gas station credit card. As opposed to other reward credit cards gas station credit cards concentrate primarily on saving your fuel costs. With such a card you’ll save money every time you fill your tank as you will get about 3-5% cash back on all your fuel stops. In addition to cash back rewards your program may also deliver reward points that you are able to use for incredible bonuses, discounts and much more. On top of that if you hit a specific quota each month it is possible to ask for a rebate in the form of a check.
Obviously the rewards and rebates which can be found with gas station credit cards are the main reasons that consumers look to acquire one. Nevertheless aside from these advantages it provides a really useful built in benefit. It provides a way for individuals and businesses to keep an eye on fuel expenses. Budget conscious consumers can use gas credit cards to maintain a strict monthly budget for fuel. Business owners make use of the cards to give out to employees as a convenient method to monitor travel expenses.
Several consumers would prefer to stay away from credit cards and the connected indebtedness which come with their use. These exact same consumers will often make an exception when it comes to gas station credit cards because they can save on fuel costs and they are able to use the cards in cases of emergencies. Ii is a lot easier to get approved for these cards and acquire the best rewards if you have a favorable credit rating. However if your credit is sub-standard you might still be capable of getting a card from some companies however be prepared to pay annual and interest fees which might be higher than the norm and the rewards may not be as attractive.
There are two major kinds of gas credit cards. First there are the ones that are only specific to gas purchases, meaning that they can only be used at the pump to buy fuel. An illustration would be a Shell or BP gas card which you will only be able to employ at their particular stations. Then there are others which allow you to make purchases elsewhere for shopping and bill payments etc. These credit cards generally displays a Visa or MasterCard logo in addition to the provider of the credit card and they’re usually the better cards to have because you could use them anywhere Visa or MasterCard are accepted. With these cards the cash back incentives are typically higher on or limited to gas purchases and car maintenance only.
Usually the cash back rewards on gas station credit cards amount to 5-6% of your gasoline purchases. If you drive a whole lot the savings really can add up. The funds are normally credited back on your monthly statement or you might get the option to receive the incentive via a check in the mail. To make the most of gas credit cards ensure that you settle your balance monthly to avoid high interest rates and truly reap the rewards of the cash back bonuses.
Check out GasolineCreditCards.net for the best gas credit card offers online, including Gulf gas credit cards. Start saving on all of your gas station purchases today.
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