Choosing a Gas Reward Credit Card in 2012

Credit cards with gas rewards may not be as popular as travel reward credit cards and cash back credit cards but if you frequently drive a car, then you may consider getting one for your wallet. The right gas reward credit card can be a wonderful partner and can even help you stretch that gasoline budget. On this post, let’s take a look at smart tips on how you can choose the right gas reward card and how you can use it to your advantage:

Bank or Merchant Sponsored? Gas credit cards can either be sponsored by a bank or a gasoline company, so which one should you pick?

A gas reward credit card sponsored by a specific gas company is an ideal choice for drivers who prefer a particular gasoline station or who frequently refuel from the same gas station. This is because company-sponsored gas cards usually offer more points or rebates per dollar spent so you can earn bigger rewards more quickly.

However, if you often refuel from different locations and stations, the bank-sponsored gas reward credit cards can be a better option to make sure that you will get points regardless of where the purchases was made.

Interest rate and fees. The ideal gas reward credit card should have a low interest rate. Furthermore, the fees should be minimal and reasonable as well. What particular fees should you watch out for? Reward credit cards are known to carry high annual fees which can range from $50 to as much as $100. If you can find a gas reward card with no annual fee, you can save a great deal of cash on annual payments.

Nevertheless, some credit cards with gas rebates may carry a reasonable annual fee and a good reward program. If you’re going to pay a yearly cost, make sure that you will be equally rewarded or rewarded even more.

Read the fine print. The terms and conditions vary from one credit card with reward to another so it’s important to understand what you’re signing up for. The ads may all seem great at first glance but once you’ve taken a closer look, you may discover high fees and unpleasant surprises.

Related Post: Tips on Using Your Credit Card Reward Points

Will you be able to earn points on all types of purchases or only on transactions made from selected gasoline stations? Is there a limit to the number of points you can earn each year or each month? Will points expire if they are not redeemed on time? Take note that some credit cards with rewards impose expiration dates which means you can lose all the points you earned if you fail to exchange them for rewards on time.

Check the prerequisite. You may come across gas reward credit cards that offer an amazing reward program but before submitting that application, don’t forget to check the issuer’s requirement. Some of the best rewards credit card is only offered to people with good to excellent credit. If you have poor credit score or bad credit history, applying for this gas card can result to rejection of your application, which will damage your score.


Author: Ann Wilson

Ann Wilson is the head writer of This resource provides consumers with valuable reviews and information on the best credit card reward programs. Its main objective is to help people to take advantage of reward credit cards and start earning reward points. Copyright © 2012

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