There is a way that you can save from 3% to 14% on gas purchases. This strategy requires no special gadgets or fuel additives and does not require you to change your driving habits or your car. There are a number of alternatives that will result in savings. Among the best is the use of credit cards that offer rebates. By using the right cards you can lower your costs without having to change your driving habits or do any special maintanance on your car. Gas companies still need to compete for your business. They don't compete on price so they have to use other methods. One method used from time to time is credit cards with rebates. The average card will rebate you 10% on your purchases at their stations. Included in those purchases are your purchases for gas. The 10% rebate is usually the first two or three months that you have the card and after that the rebate changes to 5% on your gas purchases thereafter. For example, a credit card currently being offered that has such a program is a BP card. The BP card will pay 10% on purchases including gas, at their BP branded stations for the first two billing periods. The rate becomes 5% thereafter. The example above is specifically for BP stations. You will not get the rebate at other brand stations. General market credit cards may be a good choice if you want to save at multiple branded stations. Generally most credit card companies have gas rebate plans. One such company is Discover Card. They currently issue a Discover Gas Card. This credit card will provide a rebate of 5 per cent of your gasoline purchases. The Discover card generally gives you a 1 per cent rebate on other items you purchase. Another example: Chase has a gas MasterCard that will give you a rebate of 5% for gas purchases and 2% for purchases everywhere else. The credit cards that offer rebates only at specific branded stores and the general market cards have disadvantages and advantages. The credit card from the gas company pays the rebate only at the gas company's own stations. The general market card advantage is that you can use this card to buy fuel anywhere and you still get the rebate. On the other hand the gas company credit card will generally pay you a premium of 10 percent or 8 percent for the first 60 days where the general market card may not. That above strategy will get you a discount of 3 percent up to 10 percent. 3% is good and 10% is even better, but what about getting the savings up to 14%? There is a trick you can utilize to do that. Here's how. Many gas companies offer pre paid gas cards or gas gift cards. In many cases these prepaid cards will offer a bonus or discount. For example in some cases you can purchase a $50 gas card for $48. That means you pay $48 for the card but the card allows you to buy $50 worth of gas. That is the same as getting a 4% discount. In most cases you must buy these prepaid cards at the gas outlet. Now here is where the extra savings comes in. If you purchase the prepaid card using the gas company credit card during the initial period when you are getting a 10% rebate you will get a 10% rebate on the prepaid card. Remembering that the prepaid card provided a 4% discount, you are adding to your savings by 4%. Now you are compounding your savings! You are getting a 10% savings on the rebate and you are getting a 4% savings on the prepaid card. In total you are getting a 14% savings!
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There is a way that you can save from 3% to 14% on gas purchases. This strategy requires no special gadgets or fuel additives and does not require you to change your driving habits or your car.
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