Finding the Sensible Gas Credit Card for You
There is nobody in the civilized world at this point that has not been affected by the rising gas prices over the last year. Many folks are now switching from cars to scooters and mopeds because they feel the prices have become so ridiculous. Still there are a number of ways you can actually save yourself some money at the pump with gas rewards credit cards. In this article, we will examine several different card offers that fall under this scheme. The offers we will review are a random sampling of what is available on the US market, but many of the conditions and points discussed can and do apply in several different countries in the Americas, Europe, and Australia.
The first thing one has to be sure of is whether the rewards they obtain are something that they will find practical and usable. If you obtain a credit card that rewards you with "airmiles" at the pump and you never fly anywhere for any reason, you might want to consider a card that offers cash back, rebates or another reward structure. Still, if you do intend to do some flying this angle is not a bad one. A Travel & Gas Card is a rather effective and sensible choice. This is a card for customers with excellent credit, so if your credit rating is mediocre or below average, this may not be the card for you. With this card, you can earn 3 miles per each dollar spent on travel and gas purchases you make with the card. You can also earn 1 mile per each dollar spent on all other purchases made. There are no blackout dates or seat restrictions involved with the card's reward structure. In addition, there are no expiration date on miles earned and no limit on the miles you can earn in the future.
Many folks would rather obtain a card that offers cash back rewards or rebates. This is generally one of the most popular schemes these days with gas credit cards. Currently you can gain as much as a 6% rebates on all Gas purchases at any gas station for the first 90 days and a 3% rebate thereafter. As an extra bonus, you can save elsewhere with this card besides just at the pump. The card currently offers 1% rebates on purchases made besides fuel. In addition, if you do not like to pay your balance in full, you can enjoy a 0% intro APR* for up To 6 months. Do note that the time period for the introductory APR and the balances to which this will be applied will be based on Chase's review of your personal credit history. Also to top this card off there is no annual fee.
Basically, it is prudent to be realistic and practical with the choice of cards you select as your "gas credit card". Try not and sell yourself short with a gimmicky card that really is not going to offer you any sort of advantage. With the state of current fuel prices, we all need all the help we can get.