We have all seen gas prices soar up to records high around the country this past few months. And as if these price increases are not enough, there is no relief in site yet. Motorists, and that means you and me, are on the look out for smart ways to cancel out these increases. One of the most popular and widely used gas-saving tips is using gas credit cards. This is actually one of the smartest ways to save on gas money, even smarter than using cash. This is quite unbelievable and eyebrow rising for many- credit over cash? People usually associate credit cards with high interests and a way to spend unnecessarily. With the current rapid gas price increases, using gas cards is smarter than using cash and below are the reasons why.
The best reason there is in using gas cards than cash, is the gas rebates. Gas cards are also called gas rebate cards since rebate offerings are its main features. Gas credit cards offer rebates, of up to 5% or even 10% during introductory periods on gas purchases. These rebates are in the form of rewards points that can be accumulated and redeemed at the end of billing periods. Rewards can be converted into cash backs which can be used to purchase gas or other non-gas items.
The rewards points that you earn from your purchases can also be converted into other forms of rewards aside from cash backs. Some companies offer to convert rewards points into airline tickets, products and gift certificates. If you are a frequent flier, then the air fare reward will save you on your air fare money.
If your gas credit card offers cash back rewards and you use it on gas purchases. You get a double reward or higher gas rebates since your rewards actually earn rewards or gas rebates. You will be looking at an accumulated annual savings of more than the 5% regular rebate.
Safer to carry than cash
Even if you are one of those careful types of person, loosing cash is still a possibility. And loosing cash only adds to the burden that high gas prices are causing. Carrying and using gas cards to pay for gas purchases are safer than carrying and using cash. In the event that you loose your card, you can easily report it to your issuing company so it can’t be used by anyone else, plus gas cards have fraud protection policies.
Easy record keeping
With cash transactions, you have to keep tabs of gas purchases manually. This means safe keeping of receipts so you can maintain your books easily. With gas cards on the other hand, record keeping is easy since card companies issue statement of accounts or bills at the end of every billing period complete with your purchase details. Keeping tabs on your gas purchases will be easy.
There you have it, the five reasons why using gas cards is smarter than using cash. If you aren’t a gas card user yet, think about the above advantages that you are missing out on.
By Alexas_Fotos from Pixabay