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Choosing The Best Business Gas Card

Mar 30, 2008
If you own a business in today's world, I'm sure you're like every other business owner out there; you love to save money and lots of it. Being a business owner is tough and when someone comes up to you or you hear of an opportunity to save money, you're usually all ears. If your business currently maintains and insures a fleet of vehicles, you may want to listen up because I have a legit way you can save on gas.

Gas prices have continued to rise over the past few years and there are no signs on when it's going to slow down. Fortunately, there are a few ways you can save on gas with your business and it's the way of the business gas credit card. If you're unfamiliar with a rewards card, it's a very simple concept to understand. Like most credit cards, it works the same exact way but instead you're able to get rewards on your gasoline purchases.

Operating a business can be a very stressful task but you can be assured that having a gas credit card can ease up on the budget a little bit. Let's take an example and I can show you exactly how much you can save. Let's say your business is currently spending one thousand dollars a month on gas and you're not saving anything at all. Let's say you apply for a card that gives you five percent off. Keep in mind that when you do apply for a card, the credit card companies will generally give you a bonus savings rate for the first few months. Now, let's get back to the example. Let's apply that five percent to our one thousand dollars.

This is a fifty dollar savings! Just imagine how quick this can add up.

Now you're probably reading this and it sounds too good to be true. If you do decide to apply for a card like this, you'll have to keep in mind that you'll have to pay the card off in full each month in order to take advantage of the benefits. The reason this is, is because if you keep an unpaid balance on your monthly bill, you'll be charged interest. This interest will then take away from the rewards and rebates you were going to get. Yes, you'll still get the rewards but in the long run, you won't be saving any money because the money you were saving will go to the credit card companies because of interest.

Now, I hope by now that a gas card for your company sounds like a good plan. A lot of companies are going this route because of the high gas prices and there's no reason you shouldn't do the same. Everyone likes saving money and all it takes is a little research to find out exactly what card will fit your companies needs. Once you get that card, use it responsibly and remember to pay it off on time in full so that you can take advantage of the rewards.
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