Choosing your Gas Credit Card
As oil prices rise above $100/barrel, gas credit cards are a good way to keep the strain off your wallet. Gas cards offer rebates of 3-6% on gas purchases, with some that offer a whopping 10% back as an introductory rate!
Most major gas companies offer brand specific gas credit cards for use at their gas stations. However, if you're not loyal to one gas company over any other, you should probably get a general gas credit card. These cards offer a 3-5% rebate to any gas station, and 1-2% back on your other purchases. If you want one credit card that can do it all, you're best suited for a general gas card.
Gas credit card rebates are usually issued at the end of each billing cycle, either as an account credit or in the form of a gift card. In addition, some cards require cardholders to request their rebates, which can expire if not requested, and some have limitations on the amount of rebates you can earn each year. Make sure to read through each card's terms and conditions to find out what rules apply. It may save you headache in the end to do some research.
Most gas credit cards do not charge annual fees. However, if you have trouble paying your bill every month, you may prefer low interest credit cards, as gas cards tend to have higher interest rates. You should consider which card will end up saving you more money in the long run. We also feature 0% credit cards, cash back credit cards, other kinds of reward cards, or airline credit cards. Business credit cards can also be found within each category towards to bottom of each page.
