InvestingWhere are the Best Gas Credit Cards Hiding?
Many consumers are keeping an eye out for the best gas credit cards the market has to offer. After all, with rebate offers that offset increasing gas prices, gas credit cards aren't the plastic outcasts they once were. If you're wondering what to look for in the best gas credit cards on the market, we have some guidelines to go by.
1. Low Interest Rates
If you're the type of person who carries a balance on their credit cards, interest rates should be your top priority. It used to be that gas credit cards were associated with high interest rates. That, however, is no longer the case. The best gas credit cards offer reasonable interest rates in addition to money-saving opportunities.
2. Rebate Offers
Many of today's best gas credit cards offer rebates, not just on gas purchases, but on any of the purchases you make with the card. Instead of just getting gas rebates of 1 or 2 percent, the best gas credit cards offer up to 5-percent back on the gas you purchase and cash back on other purchases too.
3. Intro APRs
In addition to a low fixed interest rate, the best gas credit cards also offer 0-percent APRs for a period of 6 months or longer. If you need to make a large purchase and you'll need a few months to pay it off, then a 0-percent intro APR can really come in handy.
4. Forget the Annual Fee
When it comes to the best gas credit cards, you should never pay an annual fee. The credit card market is more competitive than ever and most credit card companies have thrown annual fees right out the window.
5. No Rebate Limits
Some gas credit cards try to entice you with high rebate percentages and offers that seem too good to be true. They usually are. It's not uncommon for gas credit cards to put limits on the number of rebates you can earn.
The best gas credit cards have no rebate limits. You can earn $1 or $1,000, it's all the same to them. Before applying for any gas credit card, make sure there is no rebate limit.
6. No Expiration
Gas credit cards that offer rewards sometimes put an expiration date on the rewards you can redeem. One day you go to redeem your rewards and see that you can't because you're too late.
The best gas credit cards don't put expiration dates on reward redemptions. After all, they're your rewards. You should be able to use them when you want.
Remember, the world of gas credit cards has changed quite dramatically over the past few years. The best gas credit cards know this and do everything in their power to ensure they're offering their cardholders the best terms and conditions in the marketplace.