5 Important Factors You Should Consider Before Getting A Gas Credit Card
Gas credit cards are the easiest way to save energy and gas. It aids you not only on your gas expenses, but your other expenditures as well. For every purchase that you do using a gas credit card, you earn money through points, rebates, and rewards. It might seem tempting to apply for one, right? But always keep in mind that in getting a credit card, one must be willing to pay every month for bills. Consider these factors before deciding to have one:
1. Check for Interest rates.
When dealing with credit cards, you will always inquire about interest rates. Have a look about it. Make sure that you can afford their rates and can compensate well with your savings. Think twice if you only spend little on gas. Find credit cards that are not only affordable, but also earn rebates as well.
2. Reward programs.
Most rewards programs that they offer are too enticing to turn down. But bear in mind that you cannot enjoy all reward programs at the same time. If their reward program is beneficial on your part, then consider taking, unless they require you to spend more than what you can afford, don’t do it. Their reward programs lure you into spending purchases with that amount and you may be thinking that you are saving up a lot of money, but it’s actually the opposite. Dwell on it for awhile before reaching a decision.
3. Annual fees.
Once you apply for a credit card, they oblige you to pay annual fees. Avoid these credit card companies at all cost. Find a gas card company that does pay you for one. When you think of annual fees, it means payment. And payment means more money to spend. The reason why you apply for a gas credit card is to save money while you pay for gas. If there were annual fees, then the chances of you saving money from rebates are slim. But do not fret about this one since most gas card companies do not have annual fees.
4. Member benefits.
Once applying for a gas card, look into their member benefits. Ask them what you will receive from them aside from those cash points, rebates, and other discounts. Always weigh the pro and cons when you obtain for their credit card. Remember that companies benefit from the card holders, just like a card member benefits from them.
5. Credit card as part of your lifestyle.
Before you sign any contract for a gas credit card, ask yourself this: will it suit my lifestyle? Will it benefit me on the longer run? Those are the questions that you might consider taking in. Since credit card companies holds you contract for two to three years, you must be prepared to receive bills and do payments for the next years or so. You simply cannot get out of it and terminate a contract just because you cannot pay for it any longer. It’s your obligation to pay for the bills.
The bottom line is that you have to be responsible when you deal with credit card companies.