Introduction

Gas credit cards are a specialty type of consumer credit card that offer bonuses or incentives for purchases made at gas stations and convenience stores, giving users a break on rising gas prices. There are two Gas and Auto Credit Cards that lead the pack. The first gas savings credit card is the Chase PerfectCard and the second is the Discover Open Road Credit Card.

Chase PerfectCard MasterCard

For cardholders who frequently purchase gas, the rebate program associated with the Chase PerfectCard MasterCard is a very attractive feature. These benefits include a 6% rebate on all gas purchases within the first 90 days of opening an account. Cardholders will earn a 3% rebate on all gas purchases after the introductory period expires. A 1% rebate will accrue on all purchases everywhere MasterCard is accepted. All rebates will be automatically credited towards future purchases. A 0% introductory APR on balance transfers and generous credit lines are just icing on the cake. Cardholders will feel protected with the purchase protection the Chase PerfectCard MasterCard offers and automatic travel accident insurance will put you at ease when away from home. In summary, the Chase PerfectCard’s rewards and incentives program truly lives up to its name. It’s the PERFECT CARD!

(more…)

It has been proven by many motorists and financial analysts that the best way to beat the soaring gas prices is to use gas cards. But for those motorists who have not tried using gas cards, the common question is on how much savings is there on gas cards. There is no definite answer to this and the answer depends on a case to case basis-on the gas spending habit of the motorist. To answer this question however, one must first know how gas credit cards work.

The savings from gas credit cards come from the rebate offered by the card. For every purchase of gas, the card company offers rebates to an average of 5%. If the card is new, different rates may apply. To attract more customers, some card companies usually offer a 10% rebate on the first few two to six months. Rebates are usually in the form of cash back debited to the existing card or on other forms of rewards such as airline tickets or gift certificates.

(more…)

The rapid increase in gas prices have pushed almost everyone to save on gas money. Who wouldn’t? The gas price has doubled since last year and there seems to be no possibility of it rolling back. Even those with sturdy monthly income have joined the gas savers group. There are a lot of ways to reduce gasoline use and below are some of the practical ways.

Use Your Car Less
The most practical way to reduce gasoline use is to drive less. For near-distance trips, walking and biking are better options than driving. Not only do you reduce gasoline use, you also get to exercise. Walking and biking are cardiovascular exercises and are good for your heart.

Combining errands for a single trip compared to the usual daily errand trips is more practical with the current gas prices. Plan your errands on a weekly basis so going out on errands and driving would be lessened. And when driving, carefully plan your road trips. Avoid high terrain routes since they would require more engine work and gas. And take note of the locations and distances between the stores and offices you need transact with and of route restrictions-one-way or two-way. Know when it would be best to drive around, stay idle or park and walk the close distances between the offices and stores. Idle cars also eat up gasoline, so, if your stops are going to be more than five minutes, it would be best to turn off the engine.

(more…)

The current gas prices have made gas credit cards spread around like wild fire. Motorists are keen on saving every penny they can on gas money and gas cards can definitely save a considerable amount. But if you’re one of those who haven’t used a gas card before, don’t go forth blindly into getting a gas card. There are important factors that should be considered in getting gas cards. To help you, below is a list of the top five important factors.

1. Rewards

Gas credit cards work just like ordinary credit cards only that you save more if used on gas purchases. Rebates are offered for every gas purchase and this is how you save from gas credit cards. When looking for gas credit cards, find out first how much you will be saving from your gas purchases. Rebates are usually at 2% to 5%, so you may want go with a card that offers the highest percentage. And if you plan to use your card on other purchases, look for cards that offer rebates on non-gas purchases.

(more…)