Credit Card ’s Talk

There are 7 simple steps to help you save up to 25 cents per gallon or more on gas purchases using gas rebate credit cards.

1) Know the rebate percent. It sounds simple but some cards give a 10% rebate and others only give a 3% rebate on gas purchases. Most cards give a 1% rebate on non-gas purchases. You should pick the card that pays out the highest rebate.

2) Know the limits of the rewards. Some cards only pay out a rebate on the first $1200 you spend each year and other cards have a limit on the rebate itself, such as giving back $50 or $400 per year.

3) Apply for new cards when you hit your rebate limit. There is no law limiting you to only one gas rebate card. After you’ve hit your rebate limit, that gas reward card isn’t doing you any good so you should apply for a new card as soon as possible.

4) Apply for cards for specific gas stations in your area if any are available. This type of gas reward card typically has the highest rebate percentage. The Chase Hess rebate card gives a 10% rebate (that’s 25 cents off at $2.50 per gallon) at Hess gas stations, but that won’t help you if you don’t live in an area with a nearby Hess gas station.

5) Be responsible. Pay your balance in full as soon as you receive your statement. A 4-10% rebate is worthless when you have to pay 17% or more in interest charges. This doesn’t apply if the card has a 0% Intro APR and you are within the intro period; however, the intro period doesn’t last forever so you should still pay your full balance monthly.

6) Transfer your balance if necessary. If you find yourself in debt when the intro period is almost over or when you?ve maxed out your rewards, you can apply for a gas credit card that accepts balance transfers. This will allow you to transfer your balance without having to pay interest and you?ll start collecting more gas rewards.

7) Make sure the card has no annual fee and a 0% Introductory APR. There are too many credit cards on the market for you to have to pay an annual fee, since this defeats the purpose of getting rebates. Also, you’ll want a 0% Introductory APR in case you aren’t able to pay your balance in full every month.

From peak oil to Iran?s nuclear weapons program and other conflicts in the Middle East, most experts agree that high oil prices are hear to stay. The good news is that if you follow the seven simple steps above you’ll be on your way to saving money at the pump.

Barry Boggs Jr is the webmaster for http://www.Gas-Credit-Cards.com, a website that is dedicated to showing consumers how to save money on gas through the proper usage of gas rebate credit cards. He can be contacted at bboggs@ncsreporting.com.

With gas prices still very high, people want to save some money at the pump. Gas rebate credit cards are becoming a very popular alternative. The average gas rebate credit card can save you up to five percent on gas purchases. If you?re not careful with your credit card use, a gas station credit card could make you pay more for your gas.

Misleading Gas Credit Card Applications

Before applying for any credit card, read the terms and conditions. Most gas credit cards claim high cash back percentages, but there is usually a catch. Here are some examples:

? cash rebates limited to one gas station company
? high cash rebates only during an introductory period of usually 6 to 12 months
? a monthly or annual limit on how much cash back you can earn
? a tier structure with varying cash back percentages depending on spending

The credit card companies are very careful with their marketing wording. A cash back percentage is usually quoted as ?up to 5% cash back?. Once they say ?up to?, you know you won?t get that high cash back all the time. So know what you are applying for to prevent disappointment.

Keeping a Balance Will Blow Your Cash Rebates

With any credit card, if you only make the minimum payment and keep a balance, you will pay interest charges. Over time these interest charges could cost a lot more than any cash rebates you earn. Try to only use your credit card as much as you can afford to pay off next month. This can be difficult to adjust to for some people. Suddenly they are paying for everything with their credit card to earn more cash back. Meanwhile it seems as if their bank account is unaffected. This could lead to impulsive spending. Before they know it, their bank account is empty and a big credit card bill shows up. Then the interest charges add up. This is how credit card companies can afford to offer cash back. Ideally you should keep track of your credit card spending and keep that much cash aside as money already spent.

Gas Rebate Credit Cards Offering Rewards Other Than Cash Back

If you are trying to save money with a gas credit card, choose your credit card rewards carefully. You could earn airline rewards on your gasoline purchases, but they cost more money in the end. Airline rewards would likely only cover a portion of you or your family?s airline tickets. Then factor in vacation expenses and lost wages. Other gas station reward credit cards offer gift certificates. Again it usually only covers part of the purchase and it is something you wouldn?t normally buy. To really save with gas credit cards, apply for a gas credit card that offers cash rebates as checks or statement credit.

Why Are Gas Rebate Credit Cards Still So Popular?

Gas prices are a major economic factor. We hear about gas price fluctuation in the news. The credit card companies are aware of this concern. Nearly every gas station company has its own credit card and many of them are heavily marketed. Despite some reward limitations, many of these gas rebate credit cards are very good deals.

If you spend a lot of money on gasoline, a gas rebate credit card can get you the cheapest gas prices. A gas rebate credit card used responsibly could save hundreds on dollars off your gas bill each year. Ensure you are familiar with your credit card rewards program details though. Pay off your credit card each month and avoid interest charges. Compare credit card offers carefully and read the fine print.

Jeremy Biberdorf writes for http://www.gasolinecreditcards.net offering a comparison of the best gas credit cards. Apply online for a gas credit card and start saving today.