How to Save Big on Gas with Rewards Credit Cards
4 08 2008
About a year ago, I got my first Hilton Honors credit card for my business and started making the most out of the money I spent on advertising by getting rewards points that went towards hotel stays at any Hilton resort. It’s worked out so well for me, that I now use another HHonors card for my personal expenses as well. I try to pay any bills I possibly can with the credit card, and I end up getting at least one free hotel night every month! Since I was never the type of person that was good at saving money for vacations, this has worked out very well for our family.With the monumental rise in gas prices this past year, credit cards with gas rebate rewards have become increasingly popular. Keep in mind that there are many cash-back reward cards available, and they typically give you 1% - 2% cashback on any purchase. Well for gas, your savings can be much higher. Some of these new gas rebate cards are offering as much as 10% off for an introductory period! The Discover Open Road and BP Visa offer 5% for the life of the card. These are huge savings (0.20 per gallon on $4 / gal. gas) compared to traditional rewards cards. It really makes it worthwhile to get one just for fueling up, especially if you’re someone who drives a lot.
To help make these cards more available to the public, this weekend I launched Gas Rebate Credit Cards.com, a site with the top gas credit cards and my other favorite rewards cards as well. I plan on keeping it updated with the best cards as they become available, so check it out if you’re in the market for a rewards card!
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