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Building Your Own Credit History
By Attila Jancsina
Building Your Own Credit HistoryModern times require modern actions and credit cards are the modern tools that anyone may need but not everyone may have. Establish a good credit Read more...
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Resources
What to Look for in Balance Transfer Credit Cards
By Morgan Hamilton
Balance transfer credit cards can be quite tempting. They offer a person the opportunity to ditch those nasty high interest rate credit cards, while usually throwing in some nice incentives to Read more...
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Resources
The Power of Balance Transfer Credit Cards
By Morgan Hamilton
Have you given in to the temptation of balance transfer credit cards? You will be able to transfer the balance off other credit cards to balance transfer credit cards. You will then benefit from Read more...
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The extension of funds issued by a bank that allows a consumer to purchase goods or services from a merchant. The consumer then pays back the bank either in full or in installments, at an interest rate determined by the bank.
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#Welcome to
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How a Gas Rebate Credit Card Could Actually Cost More
By Jeremy Biberdorf
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
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Here are some more quality articles in several
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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 www.GasolineCreditCards.net offering a comparison of the best gas station credit cards. Apply online for a gas credit card and start saving today.
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