Many credit card companies have maximized their duties and expanded their turf into offering their clients with the best gas rebate credit card offerings. Most especially now, when gas prices are on the rise, there is a growing need and desire among consumers to maximize in any way that they can on the price of gas. The Cash back rebate as high as 5% offered by cards of gas permit you to save a considerable amount on gas price, particularly if you got to travel a long distance running up a lot of miles in your car.
Gas rebate cards come in two most common types. The Chase BP Visa Card on the other hand is a type of card that has a tie up with a particular gasoline company. This kind of credit card provides the best rebate deals most of the time however, you will only be able to be given the full amount as a rebate if you purchase the gas from their partner company.
Other rebate cards like reward cards offer higher rebates not only with gas but also with grocery and medicine purchases. The type of reward and the percentage earnings vary a lot depending on the different type of cards available. Certain cards, like the Discover, Open Road Card, help you to earn 5% cash back up to a firm boundary on gas purchase and other auto maintenance expenses. With other type of cards, you get awards points and miles.
Several cards offer different terms and bonuses. Some cards offer attractive deals like bonus points, mileage credit, gas rebates and more depending on your usage, needs and type of card on hand. Remember though, that the most important thing you have to keep in mind is that your card should provide you with long-term results. Go for the card that will offer you the best deals you will more likely benefit from and could provide you with the biggest discount as well as rewards.
Before applying for a particular card, make sure that you are aware of how the points, bonuses and discounts could be claimed. This is to make sure that these things are actually provided to you. In most of the cases, you have to ask for your repayment or cash in your miles or points earnings, so it is important that you know up front how to do that.
Be familiar with the terms and conditions of your card to make sure that you do not put to waste the points earned as well as the discounts you have accumulated. Some discounts could only be claimed within a period of time while other bonuses and points could only be redeemed within a span of months. Don’t waste them!
Lastly, as with all reward or cash back credit cards your savings can quickly be undermined by interest charges if you carry a balance. So be sure to pay off the charges on your gas rebate credit card in full every month.
See: Gas Credit card rebates