If you’re in the hunt for a gas credit card, you’ve probably already owned a few other credit cards in the past and you probably already know by now that credit card companies are very sneaky when it comes to rates, annual fees, and all that other good stuff. Credit card companies love to make the things they don’t want you to know located in the small print. Remember that all credit card companies are obligated to list the terms and conditions. I’ll show you today what you should look out for in the fine print when you’re looking for your gas rebate credit card.
Learn the caps
When I say caps, I meant the limits on the credit cards. Just because a credit card is offering a great rebate doesn’t mean you’re going to get it on all purchases. So, if you’re intentions are to apply for this card and have everyone in the family use it, you may not be able to. Some credit cards will limit you to say, the first $100 for the month and you’re only able to save that five percent for the first $1,200. These are the important numbers you have to look out for because this is the reason why you’re applying.
Beware of the intro rates
A lot of people make the mistake of seeing the first number they look at and assume that’s the rate they are going to get for the life of the card. What they find out is after a few months, they are saving next to nothing because of the introductory rate. While most credit card companies are good about pointing out the into rate, not all of them are, most introductory rates range anywhere from a few months to a couple years. It’s important that you keep your eyes peeled.
The limitations on the card
When you do start your research, make sure that you look at where you can use this card. You may find that this particular card can only be used at certain gas stations. When you apply for the card and you get it in the mail, you may find that the gas station you can use it at isn’t even near you! While most companies are also good about pointing this out, make sure that you can use it at a gas station near you.
The terms and conditions are always important to read when you’re applying for a card. It may look like a bunch of small font rubbish but it does explain a lot that the main landing page doesn’t. If you take a few minutes out of your time, you can really learn a lot about the card. You may find that you don’t like something related to the card and it will save you the hassle of adding a card to your report. Just remember, reading and researching takes you a long way!
Learn the caps
When I say caps, I meant the limits on the credit cards. Just because a credit card is offering a great rebate doesn’t mean you’re going to get it on all purchases. So, if you’re intentions are to apply for this card and have everyone in the family use it, you may not be able to. Some credit cards will limit you to say, the first $100 for the month and you’re only able to save that five percent for the first $1,200. These are the important numbers you have to look out for because this is the reason why you’re applying.
Beware of the intro rates
A lot of people make the mistake of seeing the first number they look at and assume that’s the rate they are going to get for the life of the card. What they find out is after a few months, they are saving next to nothing because of the introductory rate. While most credit card companies are good about pointing out the into rate, not all of them are, most introductory rates range anywhere from a few months to a couple years. It’s important that you keep your eyes peeled.
The limitations on the card
When you do start your research, make sure that you look at where you can use this card. You may find that this particular card can only be used at certain gas stations. When you apply for the card and you get it in the mail, you may find that the gas station you can use it at isn’t even near you! While most companies are also good about pointing this out, make sure that you can use it at a gas station near you.
The terms and conditions are always important to read when you’re applying for a card. It may look like a bunch of small font rubbish but it does explain a lot that the main landing page doesn’t. If you take a few minutes out of your time, you can really learn a lot about the card. You may find that you don’t like something related to the card and it will save you the hassle of adding a card to your report. Just remember, reading and researching takes you a long way!
Credit Report Scores
Below is a chart of credit report scores. Credit report scores are important when it comes to applying for a credit card. To find out what your credit report score is, please click on the link below.
Great Credit
750-850
Good Credit
660-749
Fair Credit
620-659
Poor Credit
350-619
No Credit
0
