credit cards

6 tips for using gas rewards cards wisely

Analyze your gas use and needs
Next
3 of 7
Back
text

Before signing up for a gas rewards card, look at your gas-buying habits. Where and how often do you fill up your gas tank? Do you need a gas rewards card or could you simply switch to a gas station with lower prices?

In addition, consider the differences between private label cards, also called retail cards, and co-branded cards. The former is accessible to more consumers but also less flexible than co-branded cards, says Dennis Moroney, research director of bank cards at TowerGroup in Needham, Mass.

Consumers with good credit will likely qualify for co-branded cards as well as private label ones, so they have a wider range of options, he says.

"With a card that's issued by Shell or Exxon, those cards are typically just good at the gas station," says Moroney.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.66% --0.00 15.66%
Cash Back Cards 16.36% --0.00 16.36%
Low Interest Cards 10.86%  0.01 10.87%
 
Search
advertisement
CREDIT CARD WEEKLY NEWSLETTER

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

advertisement

Blog

Jeanine Skowronski

Free credit reports from Credit Karma

The TransUnion reports contain context and highlights to help users understand the state of their credit.  ... Read more

Partner Center
advertisement

Connect with us