This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Refuel Your Wallet With a Gasoline Credit Card

NEW YORK ( LowCards.com) -- The price of gas throughout the nation still averages around $3.50 per gallon. While consumers have adjusted to the lasting reality of high gas prices, it is still a good idea to find ways to save money while filling up your car.

Gasoline credit cards are one way to keep a little more money in your pocket. Anyone who drives a car can benefit from one of these cards, since they provide money back on gas purchase. This is a good time to shop around before the heavy summer driving season begins. Before you sign up for a gas card, research and compare several cards; gas cards are more complicated, and potentially more expensive, than standard credit cards.

Gasoline cards can be credit cards issued by either gasoline companies or credit card companies. In most cases, you will get anywhere from two to five rewards points for every $1 spent at gas stations, then one point for every $1 spent anywhere else. You may also earn points for spending money on rental cars or car repairs, but in most cases the heavy rewards are for fuel. These cards use cash back, gift card or fuel credit incentive programs based on the amount of purchases you make.

Like all reward cards, the benefits are a good deal only if you pay off your balance each month. Station-branded gas cards have some of the highest interest rates found on any credit card, usually ranging from 21% to 25.99%. If you carry a balance, these cash rewards are not worth the high APRs.

Gasoline company credit cards

Credit cards issued by specific gas companies such as BP/Amoco (BP - Get Report), Shell and Texaco offer discounts for gas bought from their stations. These cards typically have a much higher APR than bank-issued cards, though. Pay attention to the details of the offer, because some companies give attractive incentives for the first few months, then change to a much lower rebate. Offers vary by card, so read the fine print to see if the incentive is cash back or fuel credits. Some companies will credit your account monthly, but some redeem only annually.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BP $41.51 0.51%
AXP $81.31 -0.88%
MA $91.13 -0.97%
XOM $87.36 -0.77%
V $275.28 -1.10%

Markets

DOW 18,191.65 -96.98 -0.53%
S&P 500 2,107.47 -9.92 -0.47%
NASDAQ 4,980.3470 -27.7490 -0.55%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs