Gas Credit Cards Can Be Beneficial to Frequent Travelers
Helpful Hints If You are Considering Gas Credit Cards
If you travel frequently, you might consider looking into gas credit cards. There are a variety of credit cards on the market to fit the unique needs of many consumers, gas credit cards are just one type of specific credit cards that appeal to a certain segment of the population.
Discover The Savings
Many major credit card companies offer gas credit cards. If you like your Discover card, you might consider getting the Discover Gas Card. This card currently offers 0% APR on any purchases or balance transfers for 12 months, and it also comes with no annual fee. Cardholders can get 5% cashback on gas purchases or anything related to maintaining their car. If you put a lot of miles on your, one of the gas credit cards such as the Discover Gas Card is something you should definitely consider.
Financing From The Source
There are also specific gas credit cards offered by major gasoline retailers. Chevron and Texaco are two examples of companies who offer gas credit cards to fit the needs of busy, mobile consumers.
Pay An Annual Fee Or Not?
If you do consider gas credit cards that have an annual membership fee, make sure you balance the cost of the membership fee with the benefits the card offers. It used to be that most credit cards had an annual membership fee. Now many credit card companies, feeling the strain of the competition, no longer have annual membership fees. An annual membership fee is not necessarily a bad thing. Some gas credit cards with an annual membership fee offer 10% back on gas purchases, and gas is almost a necessity unless you take public transportation. As long as you are buying gas, you will be getting a nice cash back bonus.
Look into gas credit cards if you travel a lot or anticipate an upcoming vacation where you plan to drive. Gas credit cards can provide you with nice perks and advantages for all the driving that you do.
If you're interested in getting a credit card for gas purchases, this gas credit card directory website can help you find the one that's best for you.
Comments
Jessica,
One additional point you might want to bring up is the trade-off between earning points on the gas cards when paying minimum payments; we did some digging into that and found some interesting results: http://www.yourcreditnetwork.com/blog/DoesMyRewardsCardReallyRewardMe.aspx
Posted by: Joe | December 29, 2006 3:51 PM