Search:

How to save 14% on your gas costs!

By: Scott Siegel 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 want your business. They don't compete on price so they compete in other ways. One commonly used strategy the gas companies use is credit cards with rebates. The normal gas company credit card will create a rebate of 10% on your purchases at their branded stations. Those purchases include your purchases for gas. The first two or three months that you have the card is when they offer the 10% rebate. After the initial period the rebate changes to 5%.

For example currently BP has a credit card that will pay 10% for the first 60 days for BP gas purchases and 5% for BP gas purchases after 60 days. These cards generally offer 1% rebates on other purchases and can be used anywhere Visa or MasterCard is accepted.

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.

Many card companies have cards that have rebate amounts for gas. For example: currently Discover Card has a Discover Gas Card. This card will provide you with a rebate of 5 per cent of the gasoline you purchase. This card also provides a 1 per cent rebate on other purchases.

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.

But, the advantage to the gas company card is that you receive a 10 percent rebate for the initial period where as the general market card does not pay that high.

That is the main strategy for getting a discount of anywhere from 4 percent up to 10 percent. Certainly any rebate is welcome in light of the cost of gasoline. 4% is good and 10% is even better. But there may be a way to cut your cost of gas even more. Maybe even to 14%.

Pre paid gas cards or gasoline gift cards are sold at most gas stations. Usually these prepaid cards are discounted. You may have to wait for certain promotions but in general you can find one that is discounted. For example by spending $48 on a $50 gift card, you can use the card for $50 worth of gas but it only cost you $48.00.

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.

If you purchase the gift or prepaid card with the gas company card during the initial period you are getting a 10% rebate on that purchase.

If you purchase a prepaid card that provides a 4% discount, the $48 dollar card for $50 dollars worth of gas, you are adding to 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!

Article Source: http://www.lifeweightloss.com

Scott Siegel has written a 143 page manual of industry insider secrets on saving fuel and money at the pump. Visit us to learn how you can Increase fuel economy . Find out how to save fuel and money.
Feel free to grab a unique version of this article from the lower gas costs Articles Submission Service

Please Rate this Article

Not yet Rated