Most gas cards offer rewards on fuel purchases and often generate additional rewards with other forms of spending. Finding the one best suited to your situation could help you save money.
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Consider Your Spending Habits
The right gas credit cards can save you money on one of your biggest household expenses: gasoline.
According to the Bureau of Labor Statistics, Americans spend approximately 3.3% of their total annual spending on gasoline.
It is essential when selecting an incentive-driven card that rewards fuel purchases to consider your individual driving patterns when selecting one that will reward fuel purchases.
There are two different kinds of gas credit cards: those affiliated with specific station chains or brands and those that belong to general rewards programs. The former tend to only work at specific stations while general rewards cards like Visa and Mastercard provide bonus rewards across participating stations.
There are a number of factors you will want to consider before deciding which of these types of card is best for you. You can visit .kredittkortinfo.no/bensinkort/ for more information. It is important to research these cards before making your selection.
Co-branded cards may offer gallon-based discounts or rebates that can be applied as statement credits when purchasing certain amounts of gas, while general purpose gas cards could earn cash back or points you can redeem for merchandise, travel or more.
Furthermore, these cards often have additional perks that make them worthwhile such as credit towards annual streaming service subscription fees or Global Entry/TSA PreCheck application fees.
Many of the best cards for gas will provide you with 3-5% cash back on purchases made, which can add up to considerable savings at times when prices are sky high. Some cards also allow for you to gain additional rewards in categories that rotate quarterly such as grocery stores, dining or travel expenses.
As you evaluate gas cards, be sure to factor in how much bonus categories and spending requirements each year as well as any earning caps which might apply; these could quickly wipe out any rewards or benefits earned.
Some cards also charge an annual fee, which should be taken into consideration before making your decision. When choosing between cards with and without annual fees, weigh potential rewards against costs involved in carrying one and use them regularly or occasionally as needed. If you want a card that offers substantial bonuses on fuel purchases then look for one without an annual fee.
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Look for a Card with a Low Annual Fee
Americans spend much of their lives driving cars, which translates to high gas expenses. According to data from the Bureau of Labor Statistics, households on average spend $2,094 annually for gasoline alone!
It can pay dividends to use credit cards that offer cash back or rewards points when purchasing fuel, as well as those offering other perks such as groceries, travel, and leisure purchases. The best gas cards may offer these incentives plus bonuses in other categories as well.
When choosing the ideal gas credit card, consider whether its bonus categories align with your daily spending habits and priorities.
Some gas credit cards may offer new customers a sign-up bonus of $200 or more as a way of offsetting the annual fee within the first few months. But it’s important to keep in mind that sign-up bonuses shouldn’t determine which card you choose.
Once you’ve decided which gas card would best meet your needs, the next step is applying.
You can do so either online or over the phone with a customer service representative; both methods require providing personal and financial details for processing an application. Read through all applicable card terms and conditions carefully prior to submitting an application so there won’t be any unexpected surprises!
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Look for a Card with a Rewards Program
As gas prices increase, consumers are searching for ways to cut costs at the pump. While some credit cards provide rewards such as cash back or points that can be redeemed for fuel discounts, free loyalty programs also can provide significant savings opportunities.
Gas credit cards can help ease the burden of costly fuel purchases by offering bonus rewards on every purchase made with that card, usually in the form of points or cash back.
Many gas cards belong to larger rewards categories that provide additional perks beyond just gas spending such as purchase protections, introductory APR offers on purchases and balance transfers, travel perks and statement credits.
Though these rewards don’t compare with what’s offered through gas rewards credit cards, they still help consumers save money at the pump – something which matters especially since average gasoline costs hover near $5 a gallon.
Consumers also may enjoy rewards at specific stations that offer three to five cents of savings per gallon depending on tier status; Silver Status can give up to 3 cents, Gold Status five cents and finally Premium Status saves 10 cents on your first fill-up after earning 100 gallons within 30 days.
Other fuel reward programs go further by providing rewards beyond simple gas and convenience store purchases. Members who reach Premium Status can save an additional $0.10 a gallon after spending $50 at restaurants linked to the program and live event ticket vendors.
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Look for a Card with a Wide Range of Stations
There are a variety of gas credit card offerings on the market that provide rewards, rebates, or cash back on fuel purchases – however not all cards offer equal benefits; therefore, it’s crucial that you select one with features tailored specifically to meet your spending habits.
Gas cards offer you options ranging from loyalty cards tied to specific gas stations that offer discounts and benefits based on how often you visit, to general rewards cards without brand or location restrictions – the latter typically offering bonus categories so that you can earn rewards on items purchased such as groceries and travel.
When selecting a gas card, it is essential to take into account how often and far you drive as well as where your money goes outside of gas purchases. For instance, if your business requires frequent travel abroad or your children take part in extracurricular activities and sports that cost money – then perhaps getting an all-purpose travel and rewards card would make more sense in helping save on airfare and hotels.
An average American family spends more than $3,094 each year on gasoline, making a gas credit card an important investment. By selecting one that offers rewards on purchases of gas, you have tapped into one of the best ways to stretch fuel dollars further.
Be wary of cards that impose heavy fees or limit how much cash back can be earned annually or quarterly – these caps could significantly diminish their value so be sure you know how a particular card works before applying.
