Saving Money with Gas Rebate Credit Cards

Gas rebate credit cards are becoming more and more popular as they offer up to 10% rebate at the gas pump. There are several types of gas cards to choose from, including cards that give rebates at any gas station. Many gas cards also offer a 5% rebate on grocery store purchases and a 1% rebate on all other purchases.

More and more people are turning to credit cards offering rebates and other rewards on gas purchases to ease the pinch at the pump, particularly in these days of high gas prices. With cash back rebates as high as 5%, gas credit cards allows you to save a considerable amount on gas, particularly if you have a long commute or otherwise run up a lot of miles in your car.

In oversea, there is common practice the petrol rebate, unlike Malaysia. The situation is completely different where the petrol station itself really demanding about credit card...arrggg.

There are two basic types of gas rebate cards. Some cards, such as the Chase BP Visa® Rewards Card, are affiliated with a gasoline company. These types of cards generally offer some of the most generous rebates, however, you only receive the full rebate when you purchase your gas at the affiliate gas company’s locations.

Other cards are general rewards cards, which offer higher rebates or rewards on certain purchases, such as gas, and grocery and drug store purchases. Here, the type of reward and the percentage earnings vary considerably from card to card. Some cards, like the Discover® Open Road^SM Card, let you earn 5% cash back up to a certain limit on gas purchases and auto maintenance expenses. With others, you get awarded in points or miles, redeemable for airline tickets, merchandise, and other types of rewards.