Gas Cards: Spend and Save

Gas prices aren't soaring yet, but you can bet they will. Gas prices definitely haven't gone down over the past several years, and prices often spike in response to foreign and domestic economic turmoil. Summer traveling and cold, winter temperatures -- causing people to reach for their heaters -- are typically responsible for rises in gas prices. Today's automobiles are smaller and more fuel-efficient than ever, but rising gas prices continue to offset many of the savings achieved through improved automotive technology.

Gas cards can help you save more at the pump by providing discounts when you fill your tank. Thousands of gas stations all over the United States accept various types of gas cards. Different types of discounts are offered depending on the type of gas card you have. Some gas cards let you save a few cents for every gallon of gas you pump, while other gas cards shave a percentage off of your total gas bill. Overtime, this seemingly small amount of savings adds up to a large dollar amount.

How to get a gas card

The Internet is a great tool for obtaining a gas card. When researching gas cards, always check out how each card calculates its discounts. Depending on how large your tank is and where you get gas, you may save significantly more money by choosing a card with either a flat or percentage discount rate. Most major credit card companies offer some kind of gas card. You can also visit your local banks for information about gas cards.

Other fees

A gas card is a form of credit card, and all credit cards charge hidden fees. Before signing up for a gas card, make sure you understand all of the hidden fees associated with each card. Some cards have annual percentage rates, which are basically annual fees charged for the use of the card. Other cards may have one-time setup fees that can cost as much as $75. Other cards may have introductory rates which last anywhere from six to 12 months. Make sure you read all the fine print on your card application before signing your name on the dotted line.

Other gas card notes

Hidden fees aren't the only thing to watch out for. Some gas cards also have limits on how often they can be used. Identity theft is a huge issue, and some gas cards come with better built-in security features such as a photo ID. You should also check the number of locations in your region where your gas card can be used -- what good is a gas card if you're never in a place where you can use it?

Most gas cards and credit cards also have rewards points. Every time you use your card, you are given points which can be saved and traded in for cash, more gas, airline miles and numerous other rewards. Getting a gas card with a rewards points system is just one more way to make your money go farther.