One of the best ways to save money and buy gas less expensively is to use gas credit cards. These credit cards keep monthly balances low because it is intended for gas only. Comparing to general purpose credit cards, these cards have a low annual fee and offer 0% Annual Percentage Rate (APR) if the balance is paid in full. This is beneficial to everyone because they may eliminate debt and can stay within their budget.
With the use of other credit cards, people may have the tendency to overspend and sometimes exceed their purchases beyond their credit limit. This may result to landing in debt and the possibility to destroy credit score. Once you have a poor credit score, it will be reflect in your credit history.
If you want to save money through cash-back rewards, the entire balance must be paid every month. Moreover, gas credit cards can give rebates also. The rebate percentage of a cardholder varies from 1% to 6%. Usually the best rebate offers are during the first few months of the card’s use. However, this may eventually drop off when the introductory offer ends.
If you noticed that you are having trouble with your spending after getting a gas credit card, you must assess your budget in order to avoid landing in debt. Moreover, there are financial counselors that can help if you need professional help. A gas credit card for gas only can save you a lot of money if you will only use it properly. Furthermore it requires proper discipline in spending and being responsible to pay bills every month.
See: Gas Credit cards