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GasBuddy News Article

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votes
Few Rewards With Gas Credit Cards

Wall Street Journal -- Don't waste your wallet space with gas credit cards.

They tend to be costly with few rewards and don't have the flexibility of a general-purpose credit card, experts say.

"If you give your loyalty to a gas company, you would expect they will give you something back," says Anisha Sekar, vice president of credit and debit products at NerdWallet.com, a financial-services information website. "Unfortunately, that's not always the case."

Like department-store cards, gas cards typically carry low credit limits and interest rates that hover at about 25%. In some cases, the interest rate can be higher than the default rate on other credit cards. But department-store cards come with discounts and regular cardholder-only deals. That's not true with gas cards.


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Submitted Sep 16, 2012 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Few Rewards With Gas Credit Cards Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,080
Points:2,392,115
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Message Posted: Sep 19, 2012 11:15:59 PM

just gimmicks. Helps CC companies, not consumers.
shstew
Champion Author British Columbia

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Message Posted: Sep 17, 2012 10:02:21 AM

Too many cards in my wallet.
BEGTWO
Champion Author Maryland

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Message Posted: Sep 17, 2012 9:20:47 AM

Pay it off in full every month.
tomok
Champion Author Portland

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Message Posted: Sep 17, 2012 5:12:22 AM

I have never had a Gas Credit Card and have American Express for Costco and Visa for the others. No annual fee, cash back and paid off every month! Buy the cheapest gas in your area OR use a grocery chain store Rewards Card for their gas station that offers up to 10 cents off per gallon with a $100 purchase per month in the store.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
12/22/2012!
12766
Champion Author New York

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Message Posted: Sep 17, 2012 12:07:44 AM

OK
Prodaddy
Champion Author Houston

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Message Posted: Sep 16, 2012 11:27:08 PM

Credit card companies like American Express, Visa & Mastercard want to give you credit and just wait for something unexpected to happen to you and then slam you to the wall with late charges, interest, etc. I think it is best to pay in cash and leave these vultures alone
Dodge_Me
Champion Author Atlanta

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Message Posted: Sep 16, 2012 11:24:45 PM

Hmm
Focus2
Champion Author Illinois

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Message Posted: Sep 16, 2012 11:20:49 PM

Always pay them off each month in full!
ilderton
All-Star Author London

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Joined:Jul 2008
Message Posted: Sep 16, 2012 11:20:20 PM

spend $1000 on my card & get $0.10cL off gas.

so i pay my bills with the card & then immediately pay the card back online. one extra step paying my bills online but very simple to save me a few bucks.
lesndave
Champion Author Texas

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Message Posted: Sep 16, 2012 11:20:10 PM

Wow
us4usa
Champion Author Missouri

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Message Posted: Sep 16, 2012 11:19:50 PM

Everyone knows gas cards are for suckers... But some still think they can bet Shell at the Shell game...
Number43
Champion Author Lexington

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Points:2,420,365
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Message Posted: Sep 16, 2012 11:19:08 PM

Don't use them. There are cards out there that give you cash back for useing them to buy gas.( Bank of America Visa for example.)
rtw777
Champion Author Florida

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Message Posted: Sep 16, 2012 11:17:05 PM

Simply not true. Chevron/Texaco give .10 per gallon.
rahcat
Champion Author Grand Rapids

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Message Posted: Sep 16, 2012 11:16:56 PM

Limit the use of gas credit cards to emergencies only.
CocoPaz
Champion Author Santa Barbara

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Message Posted: Sep 16, 2012 11:16:46 PM

intéressant (interesting)
CivicMA
Champion Author Boston

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Message Posted: Sep 16, 2012 11:14:58 PM

I don't have any store/brand affiliated cards and don't want them.
Hi1
Champion Author Ontario

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Message Posted: Sep 16, 2012 11:14:28 PM

10 percent off om my. Credit card.
10k
Champion Author North Carolina

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Message Posted: Sep 16, 2012 11:14:09 PM

never used one..i use cash, but i have a bank debit card, if necessary..
crreed1
Champion Author West Virginia

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Message Posted: Sep 16, 2012 11:14:01 PM

they suck you right in
Bigwaynef
Champion Author South Carolina

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Message Posted: Sep 16, 2012 11:12:46 PM

Owebama says thank you...
LilRedWagonIN
Champion Author Indiana

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Message Posted: Sep 16, 2012 11:11:43 PM

To use a gas card for gasoline purchases is not worth the cost of the postage I would have to pay for the few gallons purchased. Maybe for someone driving hundreds of miles a day.
tpguess
Champion Author San Diego

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Message Posted: Sep 16, 2012 11:10:59 PM

Scam... Scam... Scam...
7SPEEDY7
Champion Author Flint

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Message Posted: Sep 16, 2012 11:10:48 PM

Interesting!!
tedjm1
Champion Author New York

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Message Posted: Sep 16, 2012 11:10:42 PM

Agree.
fastfreddy38
Champion Author Ontario

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Message Posted: Sep 16, 2012 11:10:34 PM

I use VISA dividend card.
WGW1
Champion Author British Columbia

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Message Posted: Sep 16, 2012 11:09:36 PM

food for thought
boatfloyd
Champion Author Jacksonville

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Message Posted: Sep 16, 2012 11:09:31 PM

I started using a Visa Card, instead of Chevron card.
cupboy
Champion Author Salt Lake City

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Message Posted: Sep 16, 2012 11:09:16 PM

I tried using a Shell card at a Jiffy Lube today and it was not accepted, even though there is a Jiffy Lube logo on the back of the card. It works fine at Shell stations.
Rooster922
Champion Author Wilmington

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Message Posted: Sep 16, 2012 11:08:59 PM

CREDIT CARD, i have several.
regout
Champion Author Quebec

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Message Posted: Sep 16, 2012 11:08:19 PM

Cash.
cupboy
Champion Author Salt Lake City

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Message Posted: Sep 16, 2012 11:07:58 PM

re: Credit card companies cost us plenty in fees that merchants pay, that we don't see, but we certainly end up paying for.

This is a good reason to use a card. You're paying for the privilege anyway.
jetskijerry
Champion Author North Carolina

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Message Posted: Sep 16, 2012 11:06:58 PM

Don't use it anymore.
jetskijerry
Champion Author North Carolina

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Message Posted: Sep 16, 2012 11:06:37 PM

NOW they make you buy $500 a month and stagger your reward for a month.
jetskijerry
Champion Author North Carolina

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Message Posted: Sep 16, 2012 11:06:02 PM

I used to use a Shell Card when it paid 5% discount on gas purchases
ItsMorph
Champion Author Grand Rapids

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Message Posted: Sep 16, 2012 11:05:10 PM

I don't use credit cards at all, so no biggie to me.
Blue_Cruzer
Champion Author Lexington

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Message Posted: Sep 16, 2012 11:04:35 PM

Good information.
ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Sep 16, 2012 11:04:34 PM

Hey...no one holds a gun to your head to get a credit card. Pay cash if you don't like the terms.
pgerassi
Champion Author Milwaukee

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Message Posted: Sep 16, 2012 11:04:25 PM

DON'T GET THEM.
Jmac2008
Champion Author Missouri

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Message Posted: Sep 16, 2012 11:04:17 PM

mine pays me 5% on every dollar spent on gas with no yearly fee.
PrinceLH
Champion Author Ontario

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Message Posted: Sep 16, 2012 11:02:05 PM

Another bill to forget!
bluegrasser1
Champion Author Richmond

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Message Posted: Sep 16, 2012 11:00:56 PM

ok
Barfood
Champion Author St. Louis

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Message Posted: Sep 16, 2012 10:56:57 PM

Credit card companies cost us plenty in fees that merchants pay, that we don't see, but we certainly end up paying for.
joeschmo12
Champion Author New York

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Message Posted: Sep 16, 2012 10:54:31 PM

It's a pyramid scheme
muquee
Champion Author Harrisburg

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Message Posted: Sep 16, 2012 10:52:39 PM

Don't use one.
5kvdave
All-Star Author Los Angeles

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Message Posted: Sep 16, 2012 10:49:52 PM

Whatever!!!!!!
mrbee
Champion Author Little Rock

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Message Posted: Sep 16, 2012 10:46:49 PM

Getting rid of the one I have.
RNCII
Champion Author Michigan

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Message Posted: Sep 16, 2012 10:46:41 PM

If you can't pay them off every month the rewards are only bait to rake the money out of your pocket.
abcdMA
Champion Author Worcester

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Message Posted: Sep 16, 2012 10:44:54 PM

no need to carry a gas card since the major cards are all accepted
chen94539
Sophomore Author Oakland

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Message Posted: Sep 16, 2012 10:42:00 PM

ok
mstearno
Champion Author Dayton

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Message Posted: Sep 16, 2012 10:38:55 PM

BP I saved $13.00 on 20 gallons yesterday...
every little bit helps
Titan_62
Champion Author North Carolina

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Message Posted: Sep 16, 2012 10:38:19 PM

It also gives a new meaning to the term "costing a arm & leg"
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