Gas Rebate Cards or other reward credit cards can be a good way to give you a little economic boost while gaining credit experience. Gas Rebate Cards can be especially great for students since the rebates and rewards can not only be used to lower your expenses at the pump, but also in other places. Some Gas Rebate Cards offer discounts or rebates on tuition and school supplies. If you (or your parents) pay off your credit card balance each month, a Gas Rebate Card is a great way to go!
However, don’t overlook other types of reward cards. Some Gas Rebate Cards offer a rebate on anything purchased at the gas station, and if you are a busy student with tons of homework and no time to run your basic errands it could be the best choice for you to use Gas Rebate Cards at gas stations with mini-marts where you can make one stop to fill your gas tank, quickly grab a few items for dinner, or buy those school supplies that were made mandatory in class. While you use one gas station this is a great deal for you. However, if you start pumping at a different brand gas stations, Gas Rebate Cards could work against you, so stick to generic Gas Rebate Cards and you can’t loose. Other rewards and rebate cards may offer different rates for different kinds of purchases, but these can still be a good option for students. These rewards cards can allow you to save not just on gas, but also on groceries, clothing, or other kinds of necessities with higher returns.
When you are considering rewards cards, you want to think about where you tend to spend your money. If a large portion of your credit card purchases are for fuel, Gas Rebate Cards make the best sense. If you spend a lot in groceries, clothing or school supplies, look at Gas Rebate Cards with other rewards. Some of the generic Gas Rebate Cards also offer rewards and cash back on other kinds of purchases, although those rewards are often not as high as those offered on fuel purchases. Next, consider what you want to receive for your reward, points, gift certificates or cash back. There are a wide variety of cards available for whatever you want. Take the time to research the offers available to you; most important, don’t jump at the first Gas Rebate Card you find. Finally, look closely at the other services, discounts and benefits that come with your card. Real rewards can be hiding in the fine print, as well as any hidden costs, restrictions, or deadlines that might make cashing in on your rewards more difficult.
Gas Rebate Cards and other kinds of rebate cards tend to have higher interest rates, but if you regularly pay off your balance every month, this should not be an issue at all. As a college student you may be able to receive great rates that you will not qualify for once you graduate, so this is a good time to capitalize on those privileges and getting your first card. By acquiring this card for long time use and keeping abreast on your balance payments, you are on the road to building a solid credit profile which will help with larger purchases later in life.
With the rising costs of fuel, everything that can save some money is a big help, especially for students. Gas Rebate Cards and other reward cards are a simple way to make your money go a little further.