Understanding Your Gas Rebate Credit Card
Gas and Money Saving Tips by Doug Smith




History

Recent events and natural disasters have caused crude oil prices to increase to $60 per barrel, with costs sometimes topping $70 per barrel or more. OPEC has not been able (or willing) to manage the rate hikes.

Do not feel helpless against the seemingly endless gas price increases. There are several things you can do to save money in the face of increasing gas prices. A gas rebate credit card is a good place to start.

How Does A Gas Rebate Credit Card Save You Money?

Soaring fuel costs may soon cause gasoline rebates to surpass airline miles as the favorite consumer credit card reward. Some gas rebate credit cards offer gasoline discounts of up to 10%.



Several types of gas rebate credit cards are available. Some of these cards give rebates regardless of where the fuel is bought. Furthermore, some gas rebate credit cards offer rebates on non-fuel purchases, such as 5% off store purchases and 1% off on other purchases.

Some consumers are unaware that gas rebate credit cards can give cash back on things other than gasoline. In addition to saving money at the pump, these cards can also provide savings on everyday purchases.

The gas rebate credit card works through a simple process. Use your gas rebate card now to buy gas and other items. Later you will receive a discount from the credit card company. The discount can be take the form of cash back, store gift certificates, or even a credit back to the credit card itself! As an example, a 10% discount or rebate on a $20 fuel purchase means a $2 reward for you.



Types of Gas Rebate Cards

Various types of gas rebate credit cards are available. Cards issued by MasterCard or Visa offer gas rebates from any gas station. Other benefits may apply as well. Do some research first to determine which gas rebate credit card fits your lifestyle and budget. Regardless of the card chosen, expect to save some fuel money.

What's Next?

You are in the best position to judge your own financial situation. Only you can determine which gas rebate credit card is right for you. In fact, it would be hard not to save money by getting such a card.


This article is ©2005 by Doug Smith. You can find many free tips and resources on how to save gas and money with gas card tips at http://GasCreditCards.FindCarsForHire.com. This article may be freely reprinted as long as this copyright notice remains intact, the article is unchanged, and all hyperlinks remain active and clickable.



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* Related Definitions, Terms and Acronyms:
  • Credit rating - an estimate of the amount of credit that can be extended to a company or person without undue risk to the lender.
  • Creditor - a party or lender (e.g. person, company, bank, etc.) that claims that a second party (borrower) owes the first party some property or service.
  • How to restrict companies from accessing your credit history - a consumer may elect to have the consumerís name and address excluded from any list provided by a consumer reporting agency in connection with a credit or insurance transaction that is not initiated by the consumer (such as pre-approved credit card solicitations), by notifying the agency that the consumer does not consent to any use of a consumer report relating to the consumer in connection with any credit or insurance transaction that is not initiated by the consumer.
  • Credit (financial definition) - when used in terms such as credit card, refers to the granting of a loan and the creation of debt.
  • Time value of money TVM - also called the discounted present value, is based on the premise that one will prefer to receive a certain amount of money today than the same amount in the future, all else being equal. Refers to effects of interest over time.

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