What is a Gas Credit Card?
You might feel that buying gas has become very expensive these days. So if you wish then you can avail a gas credit card that will offer you a rebate on your purchases of gas. Such a card can be sought not only from fuel companies but also from banks.
Any kind of discount is good in an age where prices seem to be going sky high for just about everything. So if you have a gas credit card, each time to you get your vehicle refueled you’ll save something. The amount might seem insignificant at that time but can amount to something substantial over the year.
There are two types of gas credit cards available. One is issued by a specific fuel station and carries a logo of Visa or Master card which can be used for making purchases just about everywhere. However with this card the rebate on the fuel can be taken only from the station issuing the card.
If you use a particular gas station more often then it is better to obtain a fuel credit card. This way you will benefit more. But this doesn’t give you the facility of obtaining gas from other stations at a rebate. This might not be desirable to some people.
The other second type of gas credit card is issued by a company and has no connection with any particular gas station. This card can be used to make other purchases as well. This type of credit card offers you rebate upto 3-5 % on all gas purchases anywhere. This 3-5% can add upto a substantial amount at the end of the year.
There is also a facility of a direct deposit of the rebates in some cards. Whatever credit card that you choose to go in for, your credit score will make a difference to it. The rate percent of interest that you have to pay will depend upon that only.