Why You Should Consider a Gas Rewards Credit Card

Since the cost of fuel has risen so much in the last year, it is important to look at ways one can ease the burden of higher gas prices at the pumps. One way to lower your costs and increase your rewards is with a gas credit card.

The advantage of using a gas credit card over a general rewards card is that a general gas card is that you lock in a savings rate with a gas card, according to Doug Miller, an analyst from Corporate Insight. Typically, with a general rewards card, the terms of the rewards can change at anytime, even after you have accumulated the points.

Let’s take a look at two gas credit cards; one that is a general gas card, and one that is tied to a specific gas company. The first one is the Discover Open Road(SM) Card.

• You can get 5% cash back bonus on gas and other car maintanence purchases up to the first $100 you spend every month.
• 5% to 20% Cashback Bonus at top online retailers*
• Up to 1% Cashback Bonus on all other purchases
• Unlimited cash rewards
• Increase, even double, the value of your rewards when you redeem for gift cards from  100 Cashback Bonus Partner.
• No annual fee.

The second  card is the BP Visa Card. This card gives you savings only at BP stations. Here are the features of this card:

• 0% APR for up to 6 months
• No Annual Fee
• Double Rebates for two months
• 5% rebates on all participating BP location purchases
• 2% rebates on all eligible travel and dining purchases
• 1% rebates on all other eligible purchases
• No limit on rebates
• Redeem every $25 rebates for: BP Gift Card, cash, donation to the Conservation Fund.

The big difference between the two is the no limit rebate feature on the BP card for Gas. If you are spending more than $ 100.00 a month on gas, ( most people are these days) this card may be the better choice. BP has 14,000  service stations in the U.S; so the chances are pretty good to have one close by.

Having a gas credit card can definitely help relieve the high gas prices that we are all seeing at the pumps by putting some of the expense back in your pocket. Take the time to read the fine print of each offer and look for a card that will give you rewards based on your gas consumption and spending habits.

You can visit totalcreditoffers.com to read about these gas rewards credit cards and many others.