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If you know the smart way to purchase your gas you can save a considerable amount of money. The following strategies could save you 4 percent, 5 percent, 10 percent or even 14 percent of your gas costs. This strategy is dependent on finding credit cards that offer rebates specifically on gas. The right card can lower your costs without the need to change the way you drive. You save without any maintenance on your car. In fact this savings method involves no cost at all. 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. An example of a card currently being issued that has such a rebate program is the BP card. Their credit card will pay 10% for the first two billing periods for gas and other purchases at BP stations. The rate changes to 5% after the bonus period ends. 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 advantage to using a general market card as opposed to a gas credit card is that you can use the general market credit card to buy gas at any station and get the high rebate. The gas company card only pays you the high rebate at the gas company's own stations. 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 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. Many gas stations sell pre paid gas cards or gasoline gift cards. Many times these prepaid cards will offer a discount. In some cases for $48 you can purchase a $50 gas card The net result for paying a lower price for more gas can be restated as a discount on the gas. Paying $48.00 for a $50.00 gift or prepaid card is equal to a 4% discount. 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% rebate on the prepaid card purchase using the rebate credit card and you are getting a 4% savings by purchasing the prepaid gift card. Therefore the total you are getting is 14%. The 10% savings + the 4% savings or 4+10=14. Now you have just saved yourself 14% on your gas purchase.
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Scott Siegel is the author of a 143 page book of automotive industry insider secrets on saving gas and money at the pump. Visit us to learn how you can Increase fuel economy . Find out how to save gas and money. Feel free to grab a unique version of this article from the lower gas costs Articles Submission Service
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