If you’re a fan of saving money like myself and you’re good with credit card, you’re probably already saving money with every type of credit card out there.  Well by now, I’m hoping that you are familiar with gas credit cards.  If you’re not, I’m going to give you a quick lowdown on how they work and if they are worth it for you.

How does a gas credit card work?

A gas card is very simple to understand.  First, it all depends on what kind of card you get and what kind of rebate you’re going to get.  Let’s say your card allows you to get 5% off per gallon.  If your gas price is $3.  You’re going to save .15 per gallon.  That’s not bad at all, is it? 

Now once again, depending on your credit card company will depend on how you can get your rebate.  Some companies will simply give you the credit on your statement while others will want you to redeem it.  Some will also allow you to transform them into points.  With these points, you’ll be able to purchase gift cards, plane tickets and just about anything else under the sun.

Are gas cards worth it?

99% of the time they are worth it.  If you drive just about every week, why not save the money?  Most cards on the market don’t have an annual fee and other fees.  Let’s use the example below.

Let’s say that gas is at $3/gallon and you fill up for $30 each week.

You’re going to pay $120 a week.

Now, let’s say your credit card will give you 5% back on gas purchases.  As long as you pay your card off in full on time, you won’t have to worry about charges.  You’ll save $6 a month.  Sure, it doesn’t sound like a lot but if you start using it with your family and every time you take a vacation, we are looking at $100s a year.

Gas cards are great for anyone.  As long as you pay your bill off in full, you can really avoid the interest rates and pay no fees at all.  If you love to save money, you’ll want to check out a credit card like this.  Start using your credit cards today to get the rewards you deserve!