Use Credit Cards to Cut Gas Prices

With gasoline prices soaring out of control, wouldnt 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 its 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 has been offering it for years, but theres a new breed of cash-back cards, ones that offer rebates on gasoline purchases, and those are the cards that were talking about.

As gas prices continue to sell structured settlement payment many oil companies are offering gasoline price incentives to get you to apply for their affinity card. Some offer a straight cents-off rebate for every gallon you buy, while others offer percent of purchase rebate. With those rebates running as much as 5%, or higher, it doesnt take a calculator to figure out that a $3.00 per gallon can become $2.85 per gallon just by choosing the right credit card when you pay at the pump.

Many of these credit cards have annual rebate limits and those limits vary. So check the Terms and Conditions before you apply.

Most gasoline rebate deals are offered through joint ventures between major banks and the oil companies. In order to get in on the savings, you have to apply for a Visa or MasterCard that bears some oil companys logo.

For example, Hess Oil has teamed up with Chase Bank to offer the Hess Visa Platinum Card. Besides no annual fee, it offers a 10% rebate on all Hess gasoline purchases for the first 90 days, a 5% rebate after that, and a 1% rebate on any purchases made anywhere else for practically anything else.

Even though that 10% doesnt last forever, a $3.00 per-gallon price becomes $2.70, and if youre planning a road trip anytime soon, it just might make sense to apply for a card.

If Hess isnt 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 theyre only offering 8% for the first 60 days, 4% after that, and 1% on any other purchases.

Dont 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 youre 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 companys. Check your wallet to see if there are hidden gasoline savings inside. If not, grab a credit card that pays you to pump gas.

Diane Nassy is the founder of save-on-gas-pricessave-on-gas-prices . Visit her website for great tips on ways to save on rising gas prices. Email : mailto:httpdeeljeabiz@gmaildeeljeabiz@gmail