How To Cut Your Gasoline Bill By Using Credit Cards

With high gas prices, many people are looking for ways to save money at the pump.

If you happen to be one of them, you might be interested in credit cards that offer gas rebates.

How to cut your gasoline bill by using credit cards
How to cut your gasoline bill by using credit cards

Gas cards have traditionally been associated with a specific oil company—Shell, Exxon, Mobil, Arco, and so on.

These cards are helpful if you always buy your gas from the same company.

But they are less useful if you aren’t picky about where you fill up or if having to look for a specific gas station is inconvenient.

Here’s how to make the most of the available gas cards:

The majority of gas rebate cards do not have an annual fee.

  • Most will waive the fee if you make a purchase.
  • Make a monthly payment on your gas card.
  • Because rebate cards have higher APRs than other rebate cards
  • You’ll end up losing the majority of your reward if you carry a monthly balance and pay interest.

Choose a card that provides rewards in the manner you prefer.

  • The gas rebate is usually given as a monthly credit on your bill.
  • However, a gift card for a specific vendor is occasionally issued.

Some offers include fantastic introductory discounts and rebate rates that will fall in a matter of months.

costco gasoline price is very affordable with premium quality
Costco gasoline price is very affordable with premium quality
  • Explore when the initial rebate expires.
  • What will the new rebate rate be?

The majority of cards have rebate limitations on gas purchases made at wholesale clubs, grocery stores, and discount stores.

As always, carefully read the fine print!

With gasoline prices skyrocketing, there has never been a better time to investigate a credit card that offers cash rebates on gasoline purchases.

See also  How To Get 5% Cashback from Credit Card?

You’ll definitely remember this tip the next time you fill up your tank.

For example, I use Citi Costco Credit Cards to fill gasoline when I shop at Costco.

I got 4% from Costco Citi Credit Card plus 2% from Executive Costco membership.

costco gasoline to make $1,000 reward
Costco gasoline to make a $1,000 reward

In addition, gasoline at Costco is Kirland Premium and always 20 to $50 cents cheaper than other gas stations.

Last year, I have a $1,000 reward by using Costco Citi Credit Card.

But the line at Costco gasoline is very long and it usually takes more than 30 minutes to fill your tank.

I solve this by filling my gasoline at the time when there is no traffic.

At around 6 am in the morning or 9 pm in the evening, the Costco gasoline is not very busy at all.

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