How Much Money Will You Save Using Gas Cards?
If you haven’t realized how much money you can save from gas cards, then this is the article for you. You can actually save a lot of money when you use gas cards, especially is you use them wisely.
Right now the price of gasonline is escalating. It seems that everytime you blink gas prices go up. A gallon goes for $3.98, rounded up to $4. Think about how much you spend per week. If your gas tank holds 14 gallons, you are spending about $55 every time you fill your car up. The amount of money you spend on gas depends on what kind of car you use and how often you use it. It also depends on how long you daily commute is and how far you have to go.
Most gas cards offer a percentage of cash back for gas purchases that you make. Let’s say your gas card offers a 5% cash back. So, if you spend 55$ on gas every week, you get $2.75 on cash back rates. If you fill your tank up twice a week, you spend $110 dollars and you get around $5. Calculate how much you spend on gas per month and you’re actually getting a refund for the amount that you spend. If you think that it’s a pittance, remember, you’re getting money back that you’ve already spent. Not only that, but if you pay in cash, you don’t get any of your money back. You’re just burning it away on gas.
Most gas credit cards offer a 0% APR introductory rate for the first six to twelve months. If you’re thinking, yeah, I’ll save but I’ll be up to my ears in interest, don’t worry. You can actually let a balance remain on your card for the time that the 0% or low interest is available, then just pay off the balance later. If you pay off the balance per month, then you won’t have any trouble because you’ll be saving up to 20% on gas purchases each month. How’s that for you? It’s a great way to squirrel away some money!
But that’s not the only way you can save money when you use gas cards. Most gas cards have special rewards or offers when you use them. You can get free flights, vacations, car insurance and other deals, which depend on the terms and conditions of the card you apply for. Some gas cards are specifically affliated with gas stations and offer higher rebates or cash backs if you use them there. So if you frequent one company more than the other, you can actually save a lot more if you continue to do so and apply for a gas card that is partnered with your favorite gas station.
In these troubled, expensive times, you’re definitely looking for more ways to save money. Gas cards can be the way to go. The pennies you’ll be saving at the pump can translate to thousands of dollars every year.
