Due to skyrocketing gasoline prices, gas rewards may soon overtake airline miles as the favorite incentive of credit card users. Many consumers want to cut costs at the gas pump. If you want to save money on gas, then a gas rewards credit card can help.
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Gas prices breaking your budget? Switch to a cash back credit card rewards plan and save 2% to 5% on all your purchases at your favorite gas station. For credit savvy consumers that can make a difference in real dollars and cents.
BP - originally British Petroleum - a multinational energy company that in 1998 merged with the American Oil Company (Amoco), forming BP Amoco and later rebranded to BP.
Compound interest - interest which is regularly added to the debt (called compounding) and is calculated over the principal PLUS over the interest already accrued to the debt (over the total amount owed).
Lend - to give something (e.g., money) to somebody (the borrower) for using it, expecting to get it back.
Service station (Australia) - refers to any filling station, and is often abbreviated as servo.
Filling station or petrol station - see gas station.