Gas cards with points or rebates

Gas cards are one of the most widely used types of credit cards. Mainly this is because it is so much more convenient to pay for gas with a card than it is with cash. You can use your card to pay right at the pump making the whole process a lot easier and faster. Almost all of the major gas chains offer credit cards. In order to attract customers these cards often offer rewards. They can be a great way to save on the cost of gas.

If you are going to get a gas card with points are rebates you are going to have to decide which gas station you will be buying your gas from. This is an important decision because you will effectively be limiting yourself to buying gas at that station. Obviously you are going to want to go with a company that has a lot of stations in the area that you live in. where you might have a problem is if you travel by car a lot. Gas stations tend to be regional; one chain dominates in one area while another is big in a different area. That means that when you travel you may find that your card doesn't do you any good.

The other thing that you are going to want to consider when choosing a gas card is what the points can be redeemed for. In most cases your points will be redeemed for discounts on gas. Given the high cost of gas this can be a pretty valuable rebate. However in some cases you will be able to use your points for other products. This may be worth considering if you can redeem your points for something that you want.

One thing that you are going to have to be careful about is carrying a balance on your gas card. It is all well and good to use a gas card as a way to save some money but if you don't pay off your balance in full every month the interest that you are going to pay will be far more than the amount that you save on your gas. If you aren't paying your credit card in full every month you would actually be much better off paying for your gas with cash. Even if it is less convenient.

The other big thing that you are going to want to think about when you are looking for a gas card with points or rebates is the interest rate. It is always best to get the card that offers the lowest interest rate. Don't get blinded by the rewards that they offer and ignore the interest rate that the card charges. A lower interest rate will make much more financial sense than any rewards that you may get for using a specific credit card.