Credit Card Debt Management

The Amazing Transformation Of Gas Credit Cards

Gas credit cards have been all the rage. It’s little wonder in light of skyrocketing gas prices. However, oil industry experts say these cards’ popularity may be waning. From a consumer’s perspective, it’s easy to see why. The cards issued through the gas stations themselves are typically very high interest, like most retail credit cards. Furthermore, they limit drivers to only using one company, which can be very inconvenient on the road. CreditCards.com has a great article focusing on the different credit cards now being offered by Visa and MasterCard, co-branded with the oil companies.

The site’s list of the top 29 gas credit cards shows that there are a plethora of rebates, rewards and discounts to be had. In fact, rebates can be as much as 10 percent of the purchase of gas, as well as other items. That is probably the most appealing aspect of these cards — rewards can be earned for purchases other than gas. Additionally, your choice of gas station isn’t limited to the one whose logo appears on your card. Like most credit card offers, these usually come with a few caveats. Rewards may be tied to certain grades of gasoline and in-store purchases only may be eligible. Nevertheless, these offers may be worth checking out as travellers gear up for the summer vacation season.

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9 Responses to “The Amazing Transformation Of Gas Credit Cards”

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    […] The Amazing Transformation Of Gas Credit Cards The Amazing Transformation Of Gas Credit Cards By Hayli Morrison | April 20th, 2008 Gas credit cards have been all the rage. It’s little wonder in light of skyrocketing gas prices. However, oil industry experts say these cards’ popularity may be waning. From a consumer’s perspective, it’s easy to see why. The cards issued through the gas stations themselves are typically very high interest, like most retail credit cards. Furthermore, they limit drivers to only using one company, which can be v […]

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