CardsWithRewards : Gas Rebate Credit Cards

Gas Rebate Credit Cards

With Gas prices at an all time high and unlikely to fall in the short term, anything that cuts the bill has got to be a good thing. Gas Rebate Credit Cards give you cash back when you purchase both gas and other items. These cards can help ease the sting of high gas prices every time you make a purchase. Some cards offer rebates as high as 10% on purchases - equivalent to getting a 10% discount.

The way a Gas Rebate Credit Cards is simple. You use the card to pay for your purchase at a gas station and later receive a rebate from the credit card company in the form of cash, certificates or a credit back to your card, depending on the card. For a $50 gas purchase, a rebate of 10% means you save $5.00 when you fill up at the gas station.

Gas Rebate Credit Cards

There are several types of Gas Rebate Credit Cards to choose from. A type of card issued by Visa or Mastercard through major banks offers gas rebates at any gas station along with other benefits. Some cards offer 6% rebates on all gas purchases at any gas station for the first 90 days, 3% rebates on all gas purchases after that, and 1% rebate on all other purchases. Citi, American Express, and Discover® Card offer cards with similar benefits.

Another type of gas rebate card is specific to a particular chain of gas stations. For example, a BP Visa® Rewards Card lets you earn a discount of 5% on all participating BP location purchases and also can be used anywhere Visa cards are accepted.

To compare credit cards that give gas rebates, see our Gas Rebate Credit Cards reviews here.

How To Maximize Gas Rebate Credit Card Benefits

• If possible, pay the entire card balance before the statement due date to avoid paying the monthly interest charge.
• If you received a card with a 0% introductory APR, you may want to consider paying the entire balance at the end of the introductory period, to maximize the rebate benefits. After the introductory period monthly interest* will apply.
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