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Gas Rebate Card Advantages Explained
A gas rebate card can appear to be a great way to save on gas. This is very appealing, as the price of gas has been increasing. However the actual savings are not what they appear to be and you need to read all of the fine print to completely understand what you can get from gas rebate cards.
However the large rebate tends to only be available for the first few months, generally at about 90 days. For example Chase's MasterCard has a 6% rebate on all gas purchases but only for the first 90 days and then after this time the rebate drops to around 3%. As with many credit cards the terms and conditions can change drastically. There have been cards in the past that offered rebates on gas but when the card issuer discovered that people were only using that card to purchase gas and not other items they quickly changed the policy.
You will also need to realize that many gas rebate cards only offer rebates at specific gas stations. To receive the full rebate you will have to go to a standalone stations. Also the savings you may be receiving from the rebates may not be savings at all as gas rebate cards tend to have much higher interest rates then traditional credit cards. If you carry a balance on your credit cards then it is advised that you do so on a low interest card and not the gas rebate card.
Many times you will have to make a request for the rebate and if you do not request it then you it can disappear after about 6 months. It is possible to be creative and save quite a bit on gas but this can take some time to figure out.
A great example is when an individual purchases a prepaid gas card that is on sale, such as a $50 gas card for $48. They use their gas rebate card to purchase the prepaid card, as they receive a rebate on all gas station purchases. So depending on your rebate it is possible to get a savings of up to 8% on gas.
About the Author GasRebateCardGuide.com gives you all the tips and info on gas rebate cards. Are you ready to spend less on petrol? Make sure that you know all there is to know about the best gas cards by following the links above.
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