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Home >> Credit Related Articles >> Credit Cards: Relief From High Gas Prices

Credit Cards: Relief From High Gas Prices

As Summer approaches you can be certain we are going to see hot tempatures and high gas prices. With gas prices already high and the prediction of above-average hurricane activity for 2007, the ‘Pain at the Pump’ will more than likely continue. Credit card companies have come up with a way to put a percentage of your gas purchases back into your pocket. With a Gas Rebate Credit Card consumers and small businesses can earn up to 5% or more on qualified gas purchases. We want to discuss some of the Pros and Cons of the Gas Rebate Credit Cards to help you decide if one of these offers is right for you.

Pros of a Gas Rebate Credit Card:

  • Higher introductory rebate rates.
  • Earn rebates on non-gas purchases.
  • Low Introductory APR.

Cons of a Gas Rebate Credit Card:

  • Rebates may be tied to a specific gas-station brand or you may earn a lower percentage of rebate on purchase made at non specific gas-stations.
  • Higher ongoing interest rates. So if you are someone who carries a balance on your credit card from month to month, you might be earning a 5% rebate on your qualified purchases but you will be paying an interest rate of 14-15% or higher.
  • May be charge an annual fee.
  • Caps on the amount of rebate that you can earn every year.
  • Limited amount of time to claim your incentive or rebate before it expires. Be sure.

Click Here - for an up to date information and a list of Gas Rebate Credit Cards offered on UnsecuredCreditCards.org.

UnsecuredCreditCards.org wants you to know that a Gas Rebate Credit Card offer may not be the best credit card option for your situation. Before you decide to apply for any credit card offer, we recommend that you be sure to always read the credit card Terms and Conditions.


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