credit cards

6 tips for using gas rewards cards wisely

Understand the card's terms
7 of 7

Irving cautions that private-label gas cards especially can "come with the same terms as those for high-risk, low-credit-worthy consumers."

That means consumers should watch out for high APRs, late payment fees, overlimit fees, and enticing introductory offers designed to lure consumers in need of credit. Some also charge an annual fee, says Ridout, so make sure you understand the card's terms and fees.

If you'd wipe out the rebate savings from a gas rewards card by paying a high APR or fees, Irving says it's smarter to use an "all-purpose Visa or MasterCard with more favorable APR terms."




Show Bankrate's community sharing policy
Advertiser Disclosure
Advertiser Disclosure

The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. This table does not include all companies or all available products.

          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.77%  0.06 15.71%
Cash Back Cards 16.48%  0.07 16.41%
Low Interest Cards 10.96%  0.10 10.86%
Credit cards on a table

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


Credit Card Blog

Jeanine Skowronski

Citi launches cash-back card

The bank is out with a new cash back credit card that rewards consumers for paying down their balances.  ... Read more

Partner Center

Connect with us