Articles About Getting Clean Credit

Gas Credit Cards ? Tips on Picking the Best Card

With gas prices skyrocketing, millions of people are flocking to gas cards to help with the rising fuel cost. Gas cards are brand specific credit cards that offer consumers rebates and rewards for using their credit card.?Like most credit cards that offer a reward programs, there are specific guidelines that consumers? need to be aware of.?In many cases, a traditional credit card is better suited for the task.

For starters, gas reward cards are designed for people with good credit that pay off their balances on a monthly basis. If you have the tendency to carry over balances from month to month you will be better served using a regular credit card. Reward credit cards in general, have higher interest rates and shorter grace periods. Therefore, when you carry a balance, you will be paying more in interest even after you consider the rewards.

Sixty percent of all gas credit card holders carry a balance from month to month; this is how the credit card issuers pay the reward benefits. When considering gas credit cards, consumers need to take a careful look at the benefits that are offered. Most gas cards offer better benefits as an introductory incentive to attract new card holders. You should look past these initial offers when comparing cards and pick a reward program based on the benefits that occur after this initial period is over.

The most important thing to look for when considering a gas credit card is your driving habits. Will your gas card be used primarily locally, or will it be used for travel? Make sure there are close and convenient stations to use if your card is brand specific. Having to travel an extra three to five miles out of your way to use your gas card can eat in to any benefits that you receive from using the card. Many gas cards offer additional discounts on specific merchandise in specific retail stores; again, what is the proximity of these stores to the station?

Gas credit cards are issued by banks like such as, Chase, Discover or Citibank or by a gas company like Shell, Mobile or Chevron. The most important distinction is that the brand specific gas cards require that you buy their gas to take advantage of any benefits they offer. Ironically, it?s usually the banks, rather than the gas companies, that underwrite and bank-roll the credit cards anyway.?The difference is that the gas company credit cards are usually easier to qualify for than the bank issued cards are. The caveat is; interest rates and/or rewards are directly related to your credit.?Marginal credit results in marginal interest and rewards.

When comparing benefits, many bank issued credit cards tend to mirror each other. Some of the more common benefits include cash-back rebates that range from 2% - 5%, cash rebates on purchases, 0% introductory rates and no annual fees. On the other hand, the benefits offered by the gas credit card will include things such as air miles rebates, hotel and travel discounts, car repair rebates and rebates on groceries at participating stores. When making a choice on what card to use, choose the benefit that best matches your lifestyle.

A card that we recommend at Direct Banc is the Discover? Open Road(SM) Card. This card offers cardholders a 5% in cash rebate on gas and car maintenance purchases up to 1% for general purchases, and .25% for purchases made at select warehouse clubs and discount stores. Of course, you could consider other cards like the BP Gas Credit Card Visa? Rewards and the Capital One? No Hassle Miles(SM) Rewards for travel and gas. Each of these cards offer a unique reward benefits package that compliment varied lifestyles. Taking time to read the fine print and picking the right benefit is the key to getting a gas credit card that is truly a benefit for you.

Aubrey Clark is a writer and editor for Lendfast.com and Direct Banc, a directory of low interest rate credit cards that specializes on credit cards for fair credit. He lives in Atlanta, Georgia with his wife and four children.

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Secured Personal Loan - How to Find a Secured Personal loan Online Cheaper!
OK, everybody wants cheaper rates on a secured personal loan especially if your risking your home for it. Placing your collateral up for grabs is a risky game so you should take out payment protecting if you need to do so and if it worth doing.

Small Business Credit Card
It has only been recently that the larger credit card companies began aggressively marketing small business credit cards. If you are a new entrepreneur and have decided it?s time to get a small business credit card, you are in luck!

Loan Payment Protection Can Provide You With Peace Of Mind
Anyone who has a loan or who has taken out credit card will probably be offered the chance of protecting them with loan payment protection A policy is taken out to ensure that if you could not work due to such as illness or accident or if you became unemployed you would have an income to carry on paying your outgoings

Avoiding The Pitfalls Of Credit Card Debt
According to experts, the average American family currently owes more than $8,000 in credit card debt This, coupled with all of the other bills and debt accrued through loans and mortgages, and the every day expenses of living, and it's not very difficult to see how easy it is to quickly fall behind, especially if you're relying on credit cards to help make ends meet

HomeForeclosureFighter.com Offers Help to Those Looking to Avoid Foreclosure
With foreclosure rates at records levels, distressed borrowers are turning to loan modification as a means of avoiding the loss of their home. Many are finding out that the process is difficult to navigate on their own.

Cambridge Credit And Springfield Public Schools Team Up To Teach Students To Learn Now Or Pay Later
The School-to-Career Department of the Springfield Public Schools will partner with Cambridge Credit Counseling Corp. to deliver lessons on the importance of financial education and money management skills.

Start A Home Business For Nothing And Earn Money From Home
If you are interested in earning money from home, starting your home business does not have to cost a lot of money Many people believe that starting a home business is expensive, but with the popularity of the marketing options that the Internet offers that is no longer true

Make Money Online With GPT Sites
There are many people online that have figured out how to make money with free to join sites and the nice thing about these sites is they require no financial risk.

Phoenix Auction Systems Auctioneers & Appraisers, Inc. Says Business Owners Can Save Money Despite Bad Economy By Buying at Auction
Despite the bad state of economy in the United States, business owners seeking office equipment can save money by buying at auction. Auction Systems auctions frequently feature items like cars, fleet trucks, computers, office furniture, machinery, tools, industrial equipment, electronics and more. Many of these items sell for much less than retail price and without the hassle of buyer's premiums.

We Buy Houses Company Helps Homeowners Avoid Foreclosure Via Short Sales
Sacramento, CA-based company helps homeowners understand their options in selling their house if they are unable to pay their mortgage and are facing potential foreclosure.

Pay Off Debt With 0% Balance Transfer No Annual Fee Credit Cards
Consumers and companies share a very interesting relationship. The former seeks more value for each purchase; the latter sprints to meet this demand. Today, toothpaste comes with pencil boxes and toys. Pepperoni pizzas are delivered along with video rental coupons. The same is true of credit cards, as well. To keep an edge over the competition, credit card companies are now offering plastics with more benefits and services! One such card is the 0% balance transfer no annual fee credit cards.

Why You Need To Keep Your Credit Card Secure
Automated teller machines (ATM) are a great invention. They are an easy way to get cash out of your account 24 hours a day. But you may not be the only person raiding your account. If you're not careful, someone could steal your person and financial information and leave you in financial trouble.

Airmiles Credit Cards - Just Another Reward Scheme?
There are many incentives for taking out a new credit card. Long term low interest rates are attractive. So too are 0% balance transfer and purchase rates, but these only last a short time. However, there are other rewards that last for the life of the credit card and that are attractive to most credit card purchasers. One of these is the air miles scheme.

Achieve Good Credit: Consolidate And Eliminate Your Debt
It may be time to consider getting a personal consolidation loan. Every year thousands of people default and file bankruptcy in order to eliminate debt and get a fresh start. However the consequences of this procedure are devastating to your credit and last a long time. So instead of making rush choices, take a deep breath and reflect on consolidating your debt.