People cannot get enough of reward credit cards nowadays. With people tending to spend more on products and services, a rewards card can give you rebates for certain transactions. If you love to shop, every purchase that you make earns you a rebate. You can also garner rebates by paying off your dine-outs with this card.
When it seems as if every product has a rebate card, gasoline has its own rebate card as well.
Though escalating gas prices have become infamous, the popularity of the gas rebate credit card is on the rise. As its name reflects, this reward card can give you rebates for every purchase of gasoline. The range of rebate percentage varies. Some rebate credit cards give a 1% rebate while there are some that give rebates of 5% or more.
Obviously, a gas rebate credit card is a good investment for those who spend too much on gasoline. That being said, this card is ideal for those who have their own car or vehicle. Every time you purchase gasoline, you will gain refunds from your purchase cost. In return, you will end up having significant savings due to the rebates that you have accumulated.
These rebates can be redeemed in more ways than one. There are some cards that pay off rebates through cash, check and even account credits that you can use for unpaid balances. There are also cards that convert rebates to merchandise or free gasoline transactions.
Aside from this, the gas rebate card is also your key to enjoy privileges from any branch of the said gasoline establishment. There are some gas rebate cards that allow you to avail cleaning, car tune-ups or other maintenance services either at a lower rate or free of charge.
Yet to avoid any problems that you might encounter with your gas rebate credit card, you should be keen in paying off your balances in full. Failure to do so would result to interest rate charges in your next payment. Just like any other credit card, rebate cards have high penalty fees and interest rates so paying your dues on time is advised.
Nonetheless, a gas rebate credit card gives you an opportunity to acquire great savings. Therefore, it would be best to pick a rebate card that is accepted by your preferred gasoline company. However, before applying for one, it would help if you will be able to read their Terms and Conditions first. Doing this would help you maximize the potential of your rebate card.