What’s a Gas Credit Card?

ow are you going to pay for gas? Do you go inside and pay? That’s one way. But what if you don’t want to take the risk of getting sick? It would be best to pay at the pump. Nowadays, the pump takes cards. This is where it would be a good idea to have a gas credit card. What is a gas credit card? Is it a good idea to have one? How do you get one? What are the pros and cons of having a gas credit card? Let us try and understand everything with the answers to these nagging questions.

What is a Gas Credit Card?

The first thing to know is what a gas credit card is. Basically, it’s just a credit card that you use to pay for gasoline at the pump. However, you will get extra rewards when you purchase your gas. You can either use it at any gas station or a chain at any specific chain attached to that card. It mostly depends on the card itself. There are some ups and downs to using a gas card every time you pull into the station.

The Pros of a Gas Credit

The rewards are the first upside to using a gas credit card. The points may be small but they will build up over time. Small numbers really do add up over time. Another perk to using a gas credit card is that it reduces the hassle of carrying around cash. It can be a pain to have enough cash and change on hand to pay for your gas. Having a gas credit card will be perfect when you are on the go. All you have to do is put the card into the pump and fill up your tank.

The Cons of a Gas Credit

Just like with credit cards in general, the gas credit card has some drawbacks. The first one is the high interest rates. These can be a nightmare if you are not careful. According to Credit Absolute, the cards charge about 24% on average. That puts a gas credit card nine points higher than a general credit card. (General cards charge at 15%.) The next problem with a gas credit is the ease of spending. This is more of a double-edged sword. You can easily spend money on the pump but there isn’t much of a limit in the moment. So you will have you control your money habits.

How Do I Get a Gas Credit Card?

It’s actually easy to get a gas credit card. You can even get one online. You just pick out the card you want and apply. You will have to give out personal information to get your card. However, there is one more thing that you have to keep in mind before you start applying for your gas credit card. You have to shop around and compare the different cards before you pick out the one that is right for you.