Can Gas Card Rebates Save the Day?

As gas prices continue to increase, consumers are on the search for means and ways that can help them save gas money. As a result, more and more penny-pinching consumers take advantage of gas cards rebates. Due to this demand, the credit card industry is issuing out various gas and oil cards that offer a variety of discount deals and rebate programs. To determine which gas card is best for you, here are some personal finance tips:

Try to Negotiate

As a consumer, you can always try to negotiate when looking for a gas rebate card. According to CNN Money, millions of materials related to gas or oil cards were sent via direct mail to consumers by various companies in 2005. Based on these marketing strategies,penny-pinching customers who want to save money through gas cards are actively pursued by credit card companies. To get the best deal, take advantage of this situation and call the issuers of gas cards for negotiation. These issuers may not be able to promise you with bigger rebates but you might get lower interest rates as a result of a successful negotiation.

Stick to Gas Cards with Better Value

Efficient gas cards are those that can promise higher percentage of rebates on your every purchase. Once you add up all of these rebates at the end of a year, your bank account will surely appreciate a hundred-dollar savings because of gas cards.

Read the Contract Carefully

Reading the fine print before you sign any contract for a gas card is always a wise move. Some companies may offer high rebates in exchange for high interest rates or other conditions that might make the rebate harder to get.

Opt for More Flexible Deals

There are actually 2 kinds of gas rebate cards — one that’s offered by gas companies and another one that’s offered as part of a credit card reward program. Before you opt for a gas card offered by a specific gas company, be aware that most of these cards can only be used at particular stations. Unless you’re a loyal customer of a specific gas brand, it’s better to opt for gas rebates offered by a generic rewards program.

source:
CNN Money