Tuesday, December 16, 2008

Credit Card Gas Rewards

There are so many Gas credit cards to choose from, it feels like a needle in a haystack. How does one choose the best? Is it because your best friend is using a certain brand of gas credit card? Or were you just not bothered about it since you already have so many credit cards to choose from?

Should you go for a Branded gasoline credit card?

• Well to be quite honest with you I would not advise it at all. I mean why do you only want to put in gasoline at one place? I mean what happens if you go out of town and cannot find the gasoline company that you always use? And worst part of it is, you only have their branded credit card, so no one else will accept it.

• Then there is the other thing that concerns me about a branded gasoline card. If you know for a fact that that brand you always use is a couple of cents more expensive that the opposition down the road why do you keep going to the branded gas station?

• Branded Gas Credit Cards are just another accessory in today’s world. I mean if you only put a certain brand of gas in your car you know you are supporting it because it says something about you.

• To me it is simple; if one can benefit from a branded gas card then get one, if not don’t get one.
Should you go for non-branded gasoline credit cards?

• Non-branded gas credit cards give you the freedom to put gas in wherever you like. To me it is usually the cheapest.

• Having a Visa gas credit card means I can use it at any gas station. Some Visa cards might even offer me a credit card gas reward program. Meaning, if I use my card just for gas at any gas station in the country, I could get a rebate between 1 and 5 percent. Now that might not sound like a lot of money, but if you use your gas card correctly, you could get some serious rewards for being part of a gas rewards program.

• Yes gas reward programs vary but there is one that will suit your needs. I mean there are some Credit cards out there that combine reward programs, such as travel and gas. They will offer you 1 mile per $1 spent on regular purchases and 3 miles per $1 spent on gas purchases.

• These types of gas credit cards will only work if you have very little fees on them. So before applying make sure of the following:

• Annual fees should be $0 to make this card a real benefit.

• Can the rewards expire?

• Can I have a cash back option?

I hope that explains the difference between the two gas credit card options you have. It would make sense to have a credit card gas reward program. It could save you money in the long run if you make sure of the questions to ask before applying.


Click Here to Apply Online Now

No comments: