There are two credit cards that most people use to fill up: gas credit cards and rewards cards. Gas credit cards are the best option for people who do not qualify for traditional credit cards. They come with lots of perks such as discounts, and cash rewards that you earn every time you fill up at a gas station. Drivers who use gas credit cards can earn between five to six cents every time they fill up their tanks.
Normally, gas credit cards are issued by petrol stations, but oil companies can issue branded gas credit cards as well. In order to get a gas credit card all you need to do is go to your nearest gas station, then apply for a gas credit card. As soon as you are approved you’ll get your card immediately.
Some gas credit cards offer cashback on travel expenses like hotels and car rentals. However, what most gas credit cards have in common are high-interest rates. Another drawback to using a gas credit card is that it comes with caps on how much rewards you can earn and use over a specific period of time.
Just like any other credit card, a gas credit is still credit, and each month you are expected to pay it. If you don’t pay off your credit balance, you will be charged more in interest and end up not benefitting from discounts and other perks. Apart from that, you will have a bad credit record.
Why you should get a gas credit card
One of the benefits of using a gas credit card is that you don’t have to worry about annual fees. Moreover, getting a gas credit card is fairly easy, even if you don’t have a good credit record you can still get a gas credit card. When you use a it you know that you’ll spend less every time you fill up your tank, and still enjoy cashback rewards.