Credit Cards FAQ
How can I save money with Gas Rebate Credit cards?
The concept behind gas rebate cards is that cardholders receive a certain percentage of the amount they spend on gas each month back in the form of a credit applied to their statement. The cash rebate is usually applied to the credit card once a month. This makes the savings easier to see for most consumers.
The rebate percentage received back by the customer usually varies from one to six percent depending on the gasoline company. The average saving is a three percent rebate on your total gasoline charges every month.
When you are looking for a gas rebate credit card keep in mind such desirable features as a low introductory rate and features such as online account access as well as rebates for general items besides gas.
Most major gas companies offer brand-specific gas rebate cards, which may only be used at their locations. This type of card will work for you if you are loyal to one kind of gas station. However it is not the best type of card to have if you don’t have a choice as where you can buy your gas (as can be the case during a gas shortage.) You are best off to choose a general card that offers a gas rebate percentage on any gas purchases.
The rebates are usually issued at the end of each billing cycle in the form of a credit to the cardholder’s account.