Saving Money With Gas Cards
Gas prices continue to skyrocket and there is no way this continuous upward slope with stop any time soon. Therefore, any way that can provide means for people to save on gas will more likely be highly appreciated. The continuous increase in gas prices is the actual reason why more and more people resort to purchasing a gas card because it can miraculously help you save up on your gas expenses.
Gas cards greatly benefit every person from all walks of life. Not only does it slash off a certain amount to your gas expenses, it also provides benefits like cash backs, rebates and discounts. More and more people are able to travel more freely because they use gas cards. Professionals are able to travel from one place to another without having to worry how much gas they actually consume.
There are actually two types of gas cards you can choose from. Prepaid gas cards and credit gas cards allow you to save up on gas but the two actually have a great deal of difference. Prepaid gas cards are mostly used by individuals who are unable to pay for their gas. Prepaid gas cards are preloaded with a certain amount depending on what you can actually shell out. Whenever you use your prepaid gas card, you are automatically slashed off with a small percentage compared to the real price of gas.
Credit gas cards on the other hand work more like a typical credit card that you swipe whenever you load your tank with gas. You are then required to pay your monthly dues otherwise you will be charged with interest. Many people claim that they are able to save more with credit gas card because they are able to fill in their tanks at their own leisure.
People are able to save more on credit gas cards because of the rebate bonuses it provides. Whenever you purchase gas, you are automatically given gas cash rebate that is returned to your credit gas card line. So the more you purchase gas, the more you save money. The rebate you are provided with change depending on your consumption as well. The more you purchase gas, the higher your cash rebate will be; making you save more.
Think of it this way, if you purchase a full tank gas thrice a month and get a cash rebate of 20%, you are given a free 1 week’s worth of gas that you don’t actually need to pay for.
However, don’t think of purchasing gas often just to be able to gain cash rebates. The idea behind gas cards is that you need to save up on your gas expenses. So if you will spend too much on gas just to get a “1 week’s worth” for free, then you are defeating the purpose of actually saving on your gas expense. Therefore you also have to be rational when it comes to purchasing your gas and make sure at all times that you are able to pay your dues to avoid interest rates.
See: Best gas cards