MIAMI, 1st March, 2012 -- Prices at the pump have risen every day for the last three weeks, leaving drivers dismayed as the price-per-gallon tops out over $4 from New York to California.
One thing that may take the sting out of rising gas prices is to pay at the pump with a gas-rewards credit card. A study by Credit-Land.com finds the best low interest rate credit cards
offering gas rewards.
• Discover More Card
Credit-Land’s top choice for gas rewards allows card members to sign up to earn a 5% cash-back bonus on up to $1,500 in purchases at gas stations, up to a maximum reward of $75.
• Citi ThankYou® Preferred Card
Citi gives cardholders 5 ThankYou Points for every $1 spent at gas stations. Unlike Discover Card, Citibank does not have a limit on points earned, and there is no expiration date. Spending $2,800 earns 14,000 points which can be exchanged for a $100 statement credit or a Visa gift card.
It should be noted that these cards are for customers with good credit. Consumers with less than stellar credit can use Credit-Land.com’s research tools to find credit cards for fair credit
How to knock-off 40 Cents per gallon and
Customers can maximize rewards by shopping with selected retail partners, such as Shell and Stop & Shop. Gas points can be redeemed at participating Shell and Stop & Shop locations. Earning one point for every dollar spent, all that’s required is to sign up for a free Stop & Shop loyalty card, and save 10¢ or more per gallon at Shell while earning points at Stop & Shop.
So for example: Consumers that spend $400 on food each month, will get 400 points that translate into40¢ savings per gallon on their next fill-up.
With our economy still in recovery from the recession and gas prices continuing to climb, consumers are trying to stretch their dollars as far as they can go. Cardholders need to keep in mind that balances must be paid off immediately, or they will find that the interest accrued does not offset the rewards earned. If a consumer finds that they have gotten in over their heads in credit card debt, the tools on Credit-Land.com can be used to find card that offer 0 interest on balance transfers
Credit-Land.com is an award-winning company that has monitored the personal finance industry since 1999. Wegather, record, and analyze data relating to personal finance products and services in order to identify and assess how changing financial regulations and geopolitical events impact consumer behavior and banks' marketing strategies. Based on industry research and new technologies, including proprietary analytical software, Credit-Land.com has developed a card rating system to help consumers evaluate different credit cards, including low interest cards, cards for small or large purchases, balance-transfer cards, rewards cards, and cards for improving credit history.
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