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These days, the price of gas can make filling up a painful experience for your wallet. If you find yourself budgeting more and more for fuel each month, a gas rewards credit card may be the perfect solution. With options such as cash back programs, gas rebates and more, you can find the best gas rewards credit cards for your traveling needs.

How They Work

Gas credit cards are similar to other rewards credit cards. You receive benefits when you make purchases. In addition to offering rewards for gas purchases, some gas credit cards also include rewards for auto maintenance and other items. These may come in the form of points earned for every dollar spent. In other instances, a certain percentage of each purchase is given to you as cash or in a rebate form. Some gas rewards credit cards offer up to 5% cash back, which is hard to find in other rewards credit cards. If you earn 5% cash back, and spend $300 in gas, you can expect $15 in return. That can add up fast with a long commute or many hours of highway time.

What to Remember

Before you apply, you’ll want to research your options and evaluate your credit situation. Here are a few other factors to keep in mind:

- The interest rate: Many gas rewards credit cards come with an initial low or 0% interest rate. However, after an introductory period, a regular APR sets in. Sometimes this is higher than other credit cards. If you pay off the balance each month, this will not affect your savings on gas.

- The rewards system: Some cards grant higher rewards for gas purchases. Others include benefits for all purchases. Understanding what these are will help you plan before you fill out an application.

- Additional terms: All credit cards come with certain terms and conditions. You’ll want to be aware of the fine print, which will list annual fees, the amount of late fee charges, and how rewards are distributed. For example, the phrase “up to 1%” may mean that you will not initially earn 1% cash back. You may earn that percentage only after spending a certain amount of money. By being aware of these conditions, you will be able to better manage your finances.

Determining which Gas Rewards Card is Right for You

A gas rewards credit card may be a perfect fit for your budget, especially if you spend a lot of time on the road. As you conduct your search, consider the Discover Open Road gas rewards credit card. This card offers 5% cash back on gas and auto maintenance purchases. As an added bonus, you’ll start off with 0% APR for up to 12 months.

Another card to consider is the Chase PerfectCard MasterCard. For the first 90 days, you’ll receive 6% in rebates for all gas purchases. After that you’ll get 3% in rebates from any gas station. This credit card also includes 1% in rebates for other purchases.

Once you receive a gas rewards credit card, you’ll find the benefits add up quickly. Use the card for car-related expenses, and consider using it for other purchases if you’ll get additional rewards. Your gas budget will thank you.

Copyright Ed Vegliante. Free online reprints of this article are allowed provided the resource box remains intact with a live link back to http://www.credit-card-surplus.com

If you are a current credit card holder – MasterCard or Visa — you may be overlooking an important way to make your card work even better for you: by joining a rewards program. Why possess a plain old credit card when you get rewarded for using the same card? Let’s take a look at how you can receive benefits from your current card.

Some cards are offering rewards based on your purchases. Depending on the card selected, your rewards card can offer to you a variety of benefits such as:

1. Cash back. Receive 1% or 2% back on all purchases. Usually not redeemable for cash until your balance reaches a certain amount, such as $20. Some card plans allow for you to use the “cash back” as a credit toward future balances and/or purchases.

2. Airline miles. Some cards have tie ins to one particular airline while other cards allow for you to accrue miles that can be used for mostly any carrier. Similar plans include cards that allow you to accumulate free stays at select hotel chains.

3. Car purchase. One prominent automaker allows for card holders to receive as much as 5% credit toward a future purchase of a new vehicle – one of their models, of course! Add these credits to other discounts offered by the automaker at the time of your next purchase and your savings can be huge.

Rewards cards offers do vary between card issuers and your offer can be changed or amended at any time [usually in writing with prior notice given]. In addition, your points may expire after a certain period of time.

If you do not pay off your credit card balances monthly, you lose the advantage of accumulating points as your APR will be greater than the points accumulated.

So, why hold onto a “do nothing” credit card when you can make the one you have work for you? Call your credit card provider today and request that your current card be upgraded immediately.

Credit card rebates are the rage, after all, who can resist the temptation of earning while spending? However, don’t you think that before getting a new card, you should spend a little time going over the pros and cons of the credit card cash back offer? We have outlined everything you need to know about rebate credit cards and how to get the most out of all the various credit card rebates available.

The idea of being paid to spend money seems incredible but that is just the idea behind credit card cash back or rebate credit cards. With the growing popularity of credit cards, companies are sweating it out to make you believe that theirs is the best option for you. Here are certain guidelines on credit card rebates that can help you make the best of your cash back card:

Taking Stock of Credit Card Cash Back Offers

Take stock of your normal purchases and then get a cash back card that pays you for these items. The best option for credit card rebates, of course, is to look for a card that pays you for ALL your purchases, regardless of where you make them. The highest rate of credit card rebates may not be the best one for you. You might get rebate credit cards rates as high as 5% but these may cover only certain purchases and merchants and not necessarily the ones you need.

Choose your rebate credit cards according to your personal choice of reward. Some cards offer immediate discount on purchases, some send you gift cards from time to time, still others will reflect as points in your card statement. Who said a credit card cash back offer was simple? If you would prefer a bonus check, then go for cash back offer that pays dividends on a yearly or six-month basis. This way you could have a decent rebate in your wallet for Christmas!

A gasoline cash back card can be of good use when you have to fill your tank. Every gallon you buy earns discounts. Moreover, you might even receive cash back on purchases at a particular gas station. Cards that pay you on all purchases generally have a lower rate (usually 0.5%) but it might give you decent rewards in the long run, unless you go to only a select range of merchants. In this case, you should go for a card that covers such merchants, though beware, these might carry higher rates of interest.

Regularly compare cash back credit cards on websites to ensure that you don’t miss out on better APRs and rewards. In fact, if you are carrying balance on your accounts, interest charges might actually be eating into your cash back rewards.

Are Cash Back Credit Cards For You?

Think of the cash back card as a card that rewards you for taking a loan. These discounts may range between 1% and 5%, depending on the purchases. Make sure you know what you are getting into – for example, only apply for a gas rebate credit card if you own a car!

Look for the rebate percentage before sealing the deal. Credit card rebates are given out in different forms. Some companies offer discounts through cash incentives on an annual basis; others may directly send it to the customer’s account. You may also find options that link your rebate to a savings account or you may accumulate a certain kind of points. There could also be a deadline by which you have to spend your points, so do not hoard points without knowing the expiration date. If you have a monthly shopping schedule or if you prefer buying products in bulk then this type of card is likely to work for you. Chances are that before you are allowed to use all the privileges offered by the company, you will need to demonstrate a good credit history.

Most importantly, you must be aware that the credit card rebates may not cover all the things you wish to purchase. If you keep this and other basics in mind, you can soon be on your way to saving significantly with credit card rebates.