The price of gasoline has hit record levels and still continues to increase.
Saving on gas money is top priority for everyone and has spread like an epidemic.
Motorists are keen on looking for the gas savings tip that gives the best benefit.
Gas cards are popularly used to augment increasing gas prices.
But do they really work? Can you benefit from gas cards? The answers to these questions lie on looking at how these card works.
There are two types of gas rebate cards, prepaid and credit but it is the latter that offer the best benefits.
A gas credit card, though named as such can be used to pay for any purchase.
However, if used to purchase gas you benefit a great deal.
Every time you pay for gas using this card, you earn rebates.
They offer rebates on gas purchases from a rate of 2% to 5%, or even to a 10% high during introductory periods.
Rebates are usually in the form of rewards point that accumulates every billing period.
At the end of every billing period, you will see your total rewards point on your bill.
This is redeemable in the form of cash back, usually credited to your card or in check issue.
There are also other card companies that offer other forms of rewards such as airline tickets, product freebies and gift certificates.
So when on the look out for gas credit cards, go for one that offers that highest percentage rebate.
So, to answer if gas cards really work- yes! And yes, you can definitely benefit from them.
Rebates is the benefit that you get from gas cards and you can maximize this benefit by paying your bill in full and on time.
Credit gas cards carry an annual percentage rate or APR, usually from 9.
99% to 16.
99%.
This APR is charged against the maintaining balance on the gas credit card and can easily undermine your gas savings.
If working around a due date proves to be a hassle for you, then you can go with prepaid cards and still not miss out on rebate benefits.
A prepaid gas card works a different way than credit gas cards.
This card can be preloaded to your desired amount and used to pay for gas purchases up to that amount only.
The savings from prepaid cards come from loading the card also.
Prepaid gas card loads are sold at a discount or a lesser amount than the amount you can use the card for.
This savings is up-front and do not need to be redeemed.
Compared to gas credit cards, prepaid cards are hassle-free since you don't have to work around a due date and be on the danger of paying for unnecessary interests.
Gas cards do work and you can benefit a great deal from them.
If you don't use a one yet, now is the right time to use one.
Saving on gas money is top priority for everyone and has spread like an epidemic.
Motorists are keen on looking for the gas savings tip that gives the best benefit.
Gas cards are popularly used to augment increasing gas prices.
But do they really work? Can you benefit from gas cards? The answers to these questions lie on looking at how these card works.
There are two types of gas rebate cards, prepaid and credit but it is the latter that offer the best benefits.
A gas credit card, though named as such can be used to pay for any purchase.
However, if used to purchase gas you benefit a great deal.
Every time you pay for gas using this card, you earn rebates.
They offer rebates on gas purchases from a rate of 2% to 5%, or even to a 10% high during introductory periods.
Rebates are usually in the form of rewards point that accumulates every billing period.
At the end of every billing period, you will see your total rewards point on your bill.
This is redeemable in the form of cash back, usually credited to your card or in check issue.
There are also other card companies that offer other forms of rewards such as airline tickets, product freebies and gift certificates.
So when on the look out for gas credit cards, go for one that offers that highest percentage rebate.
So, to answer if gas cards really work- yes! And yes, you can definitely benefit from them.
Rebates is the benefit that you get from gas cards and you can maximize this benefit by paying your bill in full and on time.
Credit gas cards carry an annual percentage rate or APR, usually from 9.
99% to 16.
99%.
This APR is charged against the maintaining balance on the gas credit card and can easily undermine your gas savings.
If working around a due date proves to be a hassle for you, then you can go with prepaid cards and still not miss out on rebate benefits.
A prepaid gas card works a different way than credit gas cards.
This card can be preloaded to your desired amount and used to pay for gas purchases up to that amount only.
The savings from prepaid cards come from loading the card also.
Prepaid gas card loads are sold at a discount or a lesser amount than the amount you can use the card for.
This savings is up-front and do not need to be redeemed.
Compared to gas credit cards, prepaid cards are hassle-free since you don't have to work around a due date and be on the danger of paying for unnecessary interests.
Gas cards do work and you can benefit a great deal from them.
If you don't use a one yet, now is the right time to use one.
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