Credit Cards FAQ
Are there any disadvantages to using a gas rebate card?
Some gas rebate cards do come with some drawbacks. For instance some of them have higher interest rates and they won’t lower the interest rate until you have owned the card for some time. Many of them also come with restrictions such as a rule that points may only be earned through pay-at-the-pump transactions, and not those at the inside counter. Another restriction is a total annual limit of your gas rebate that seems low (such as the $300 limit offered by some cards which for some people may not even pay for a week of gas!)
You should also know that the interest rates on gas rebate cards are often higher than a standard credit card. If you carry a balance from month to month the cost of your gas might get very expensive!