The fuel industry has gone through tremendous changes in the last years and the focus of the global superpowers has always been to control the gas market as much as possible. Although there have been a big number a breakthroughs in the fuel industry in just the last few years the fuel is still a worldwide issue. Even with the big projects on creating new and safer energy sources the gas industry is still unbeatable. The gas industry is directly or indirectly liked with many other industries, and among these industries we find the credit card industry. Many of the offers of the credit card companies are focusing on giving back to the people, offers like 0% credit for the introductory period, the no annual fee, cash back credit cards, and even gas credit cards.
The reason why the credit card companies are able to cut down on some fees is because there biggest income is coming from data processing and fess so the more credit card customers the better. Still with the gasoline prices taking a dramatic spike the credit card companies were forced to limit their offers towards gas credit card. That is why now the credit card companies have started to put caps on the maximum rebate regarding the gasoline spending.
If you are in market for a gas credit cards the first thing as always before making a decision you must inform yourself on the available offers. You can start this at home where you first must look at your habits when it comes to how much you spent on gasoline. After you realize how much gasoline you are paying for every month you can look in which categories you fit best. As you know every offer has its strong points and its week points so when it comes to choosing a gas credit card you must know what your needs are so you can find the offer that suites you best.
Many of the gas credit cards are designed for particular brands of gas stations and among the biggest gas companies we find Shell, Lukoil, BP,Hess, Exxon Mobil, Conocco. These gas credit cards are designed so that the gas credit card holder can earn rebates from those gas stations only. In the past these companies were actually offering up to five percent rebates when the gas credit card holder was using his card to by gasoline from them. Because the rising prices since 2008 for the oil, the majority of the credit card companies had to change their cash back policies, so now they are only paying 15 cents per gallon as rebate. The advantage of the gas credit card designed for particular brand gas stations is that if you really enjoy the services of a certain brand of gas station and you are faithful to them you will earn the rebates. On the other hand if you don’t care about a specific brand of gas stations the rebates will not be significantly financially.
For the customers that are not faithful to a specific brand of gas station the credit card companies have come with different offers, for example a popular brand of gas credit card is The Discover Open Road Card. With this type of card the customer will earn rebates for buying gasoline no matter where he is buying it from. The rebate can be in many forms, and the popular version that people opt for is the cash back credit card. The best offers can offer up to five percent and this is not only if the customer buys gasoline, this rebate applies for any type of groceries.
The main bonus of the gas credit card is the rebate percentage; here is a list of the popular brands of gas credit card ordered ascending on the rebate percentage:
Philips 66 Conoco 76 MasterCard is offering 3% rebate
Chase SuperAmerican Platinum MasterCard is offering 3% rebate
ExxonMobil Credit Card is offering 3% rebate
Speedway SuperAmerican Platinum MasterCard is offering 4% rebate
Chase Marathon Platinum MasterCard is offering 5% rebate
Discover Open Road Card is offering 5% rebate
Hess Visa Platinum is offering 5% rebate
Shell Master Card is offering 5% rebate
Chase BP Visa Card is offering 5% rebate
Discover More Card is offering 5% rebate
Depending on the customer’s life style the cash back credit card offer is more financially significant than the gas credit card offer because the rebate applies for all the payments made with the credit card at any type of store. A great example for a cash back credit card which is very popular on the credit card offers comes from American Express and it’s called Blue Cash and they offer five percent rebate for expenses at any supermarket and for gasoline. For the Blue Cash the card holder to redeem the rebate he must make payments with this card and exceed the $6500 limit.
The gas credit card is a great tool for the customers to save up by buying gasoline with money he already spent and with the gas prices continuing to rise the gas credit card has become a must have.
