Using credit cards to reduce gas prices

With gasoline prices soaring out of control, wouldn’t it be nice if you could shave even a few pennies off of every gallon?

The Key to Lowering Your Gasoline Costs is to “Charge It”

Yep, charge it, but not just on any credit card. If you want to start paying less at the pump then it’s out with the old and in with the new. You may need to replace your current charge card with a gasoline “cash back” card.

Cash Back is Nothing New

The Discover Card offers for years, but there is a new type of cash-back cards, ones that offer discounts on purchases of gasoline, and these are the cards you are talking.

As gas prices continue to rise, many companies, the oil-gasoline price incentives to apply for their affinity. Some offer a straight cents-off rebate for every gallon of purchase, while others offer to purchase per cent discount. With these reductions no less than 5% of execution orhigher, it does not take a calculator to realize that a $ 3.00 per gallon can pay $ 2.85 per gallon just by choosing the right credit card, if you're at the pump.

Many of these credit cards have annual limits on reimbursement and vary the boundaries. To check the terms and conditions before applying.

Offers discount Most of gasoline are offered through joint ventures between major banks and oil companies. To subscribe to savings, you must apply for a Visa or MasterCard, whichHave any oil company's logo.

For example, Hess Oil has to offer, with Chase Hess Visa Platinum Card. In addition to no annual fee, offers a 10% discount on all Hess gasoline purchases for the first 90 days after 5% discount and a discount of 1% on all purchases made anywhere else for most of the rest.

Although this 10% do not last forever, a price of $ 3.00 becomes $ 2.70 a gallon, and if you're planning a trip in the near future, may make it easiersense to apply for a card.

If Hess isn’t a familiar name where you live, Marathon is offering the exact same deal for their Chase/Marathon MasterCard.

Gasoline discounter Speedway also has a deal with Chase and MasterCard, but they’re only offering 8% for the first 60 days, 4% after that, and 1% on any other purchases.

Don’t forget to check the credit cards that are already in your wallet. American Express Blue cards offer 5% back for all gasoline and grocery store purchases, and Discover is offering “up to 10% off” at gas stations.

And if you’re a student, the CitiBank Student MasterCard gives 5% cash back on gasoline and grocery store purchases as well.

A penny saved is a penny earned and that penny does more good in your pocket than in the oil company’s. Check your wallet to see if there are hidden gasoline savings inside. If not, grab a credit card that pays you to pump gas.

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