How to Choose a Gas Credit Card

Paying at the pump is quick and easy when using a gas credit card.

There are ample choices for buying gas for your car these days. Traditional gas stations now compete with grocery stores that now sell gas. Using a gas company issues credit card is a way to track gas purchases and keep tabs on what your transportation spending costs are. You need to select the right gas credit card to make sure that you are getting the best terms available.

Things You'll Need

• List of gas stations
• List of miles you drive per year

Instructions

1. Make a list of the gas stations closest to you. Include gas stations that you pass on your commute to and from school or work. Note which gas stations you patronize most often.

2. Pick up gas credit card applications at the top three gas stations that you have located in your area. Download application forms and term information from the gas stations main website if you cannot find a hard copy application in the gas station.

3. Read through the terms and conditions of all three gas credit card options. Make a list of information to compare. Include annual fees, minimum payment amounts, rewards or bonus incentive programs and where the card can be used elsewhere besides the gas station. Note whether or not the gas credit card can be used to purchase other items besides gas at the gas station.

4. Compare interest rates among all cards and then compare that rate to the interest rate you pay on your other credit cards. Decide if it is more cost effective to use a regular credit card for gas purchases.

5. Compare all card fees and benefits. Apply for and secure gas credit cards that do not charge an annual fee. Apply for other cards for stations that you use.

Tips & Warnings

• Try and keep balances low and pay off balances in full every month.

• Do not over-extend yourself by charging too much.

References

• MSN: 10 Things Gas Stations Won't Tell You
• MSN: Are Gas Rebate Credit Cards A Good Deal