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Poor Credit Could Cost You a Good Job By Charles Essmeier Most people who live in the United States have some sort of credit history. Nearly everyone with whom you do business - utility companies, credit card companies, banks and credit unions report the Read more...
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Business Credit Cards Can Offer Business Solutions By Morgan Hamilton It would be to your advantage to look into business credit cards if you are a small business owner. These credit cards will allow you to keep personal and business expenses separate. This will make Read more...
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Using Student Credit Cards to Build Solid Credit By Morgan Hamilton Once a student graduates from high school and heads off to college they will be tempted with student credit cards. Student credit cards are aimed at college students. They are easier to get and are Read more...
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Save Money on Gas with Multiple Credit Cards By Jeremy Biberdorf If you’re serious about saving money on gas, consider using more than one card. You can exploit all the benefits of each card. Then when you reach the rewards limit, simply switch to using your other card.
Ideally you could find one card that could give you high cash back rates with no limit. Unfortunately most gas rebate cards have limits on the rebates you can earn. Once you reach the rebate limit or the introductory period expires, the cash back percentage decreases. Suddenly your 5% gas rebate card only gives you 1% back. Most people would keep using the card out of habit. Often they don’t even realize that they are getting less cash back.
What is stopping you from using more than one rebate card? Don’t settle for the roll back rebate percentage. When the card company reduces your rebate percentage, switch to another card that will give you reasonable rewards. With this strategy, you could get high cash rebates all year.
Before attempting to juggle multiple cards, carefully read each card’s terms and conditions. To make things difficult, each card has its own formula for earning rewards. For example, most gas rebate cards start with high cash rebate percentages. Then once you spend a certain amount, your rebate rate goes down. General cash rebate cards tend to be the opposite. Those cards start with a low cash back percentage that increases as you spend more. That type of card would be best used exclusively.
Sometimes a particular gas station offers a really good card, but is only applicable at their gas station. Take advantage of that offer and use a different rewards card if you purchase gas elsewhere. When the gas station attendant asks for your
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rebate card, be proud that you are one of the smart people saving money.
Another thing to watch out for is cards that have a minimum total purchase for rebate eligibility. You might only qualify for rebates after you spend a few thousand dollars. Plan your spending and figure out which cards would work best together. Also remember to be responsible with all your cards and pay them off in time.
Each gas rebate card is different. So to really save money on gas, your strategy should be to use the best card for each purchase, even if that means owning multiple cards. If your card doesn’t always give you the best deal, do something about it. Don’t be afraid to add another card to your wallet. Jeremy Biberdorf writes for http://www.GasolineCreditCards.net offering a comparison of the best gas reward credit cards. Apply online for a gas credit card and start saving today.
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