Gas card
When consumers shop for credit cards most select the credit card rate or APR as the most significant issue yet when we select a gas card that we through the gas card rate out the door? The most likely reason is because when we think gas cards we think the gas station that we most visit but there are more universal cards coming out especially with the increased gas prices we have and previous low gas rates are not expected in near future. The two most common gas cards are the cobranded gas credit card issues between the gas company and the credit card issuers or a pure gas card usually backed by the gas companies own finance business, the pure gas cards usually offer payments over time like a typical credit card while some issues may be of the charge card variety payable at months end. Usually the gas card like a store credit card is of the higher rate yet may offer an increased rebate. Some gas cards are of premium or higher reward issues but may include an annual fee.

Company gas card issues
. Chevroncreditcard.com
. Conoco Phillips
. Citgo
. Tesoro
. Union 76

Non-affiliated gas card issues
. Chase Perfect card
. Discover gas card

The newest option is the gas credit card by a third party provider and while the rebates are usually a few percentage points less than the other gas card issues if you pay month to month toward your gas bill you will often save far more percentage points than a regular gas card. Typical gas cards usually charge 18.99% to 22.99% APR while the alternative gas card issues are 13% to 18.99% and many are comparable to a platinum credit card issue.

Paying off your gas card every month
If your paying your gas card balance every month inside the Grace period your going to get more for your money and save with a gas station credit issue since the gas card offers the higher savings usually than a non-aligned gas card. Most gas cards rates are higher they gas card survey here ranged between.

Balance on your gas card every month
If your using your gas card or gas credit card regularly and you maintain a balance then the non-affiliated gas cards may be the way to go since over time. The annual APR or the interest you pay every month will save you more money vs the savings you received at the pump with the higher gas rebate. You may save 2% to 4% today in your wallet with the gas rebate but the differenc you will save in interest on an annual basis is 6% to 9% more with a universal gas rebate card and that creates a significant difference since the interest is paid over a much longer period of time.