If you own a car and is often on the road, getting a gas credit card is a practical move for you. But how do you choose the right gas rebate credit card for you? What particular features of the gas reward card should you look for? How can you compare different gas reward cards correctly? This article will serve as a guide to help you find the gas rebate credit card that best suits you.
Which gasoline station to run to? Usually, gas rebate credit cards give rebates each time you make a purchase from selected gasoline stations. Therefore, you should check whether the credit card’s affiliate gas station is the one you often purchase from.
Is the affiliate gasoline station accessible to your daily route? Would you need to go out of your way just to purchase gas from that particular gas station? If so, then it would be difficult for you to get the most out of your gas credit card.
There are gas rebate cards that allow you to earn rebates from all gas purchases regardless of which gas station you purchased from. Thus, you are given the flexibility and convenience to get more from your gas credit card wherever you are.
Additional rewards options
Aside from gas rebates, there are gas reward credit cards that also award points or cash back bonuses from other types of purchases. This is a great feature because it gives you the option to use your gas reward credit card even at groceries or drug stores while still earning points. Redeeming your rewards
How would you be able to redeem the rebates you earned? Some gas reward credit cards would credit your rebate to your account so you can use it in paying off your monthly balances. Some gas cards grant the reward in the form of gift certificates that you can use to make new gas purchases, avail of car repair services or buy goods from selected stores. In any case, check the gas card’s terms in redeeming your points and see if it suits your lifestyle.
Interest Rates and Other Costs
What about the other credit card costs? Although most gas reward credit cards do not charge an annual fee, you should watch out for the high interest rates. Of course, you’ll want to choose a gas rebate credit card with a reasonable rate of interest. If the gas card has a low APR or a zero interest rate as an introductory offer, see to it that the rate will remain reasonable or affordable even after the promo period expires. Lastly, make it a habit to pay off your monthly balance in full not only to avoid the additional interest rate and penalty charges, but also to avoid forfeiting the rewards you’ve earned.
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