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6 tips for using gas rewards cards wisely

Analyze your gas use and needs
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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.




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