The best gas reward credit cards are almost always tied in to one type of gasoline and gas merchant. Let’s look at one of the best gas reward credit cards.
This is a Visa credit card offering gas rewards for Hess, Hess Express and Wilco Hess. You must have very good credit to quality for this gas reward card.
Through the card’s rebate program you earn a rebate of one percent on all purchases but a five percent rebate on purchases – gas and others – made at the Hess stations. In the first 90 days of this best gas reward credit card offer
you will earn not five, but ten percent rebate on the Hess purchases. Best of all, there is no annual limit to the gas reward you can earn on these credit cards. The rebate total is directly applied to the credit card account of the cardholder, too – another plus.
This gas reward credit card has both the best annual fee and the best introductory interest rate anywhere – zero. The introductory period is six months long. The rate of interest on the balance after the introductory period
is 13.74 percent – not the best, but still a reasonable rate. The rate for cash advances, however, is quite high (though this is commonly the case). That rate is 23.74 percent, although it varies.
Another perk that makes this one of the best gas reward credit cards is its excellent reporting system for stolen or lost cards, its insurance offer for auto rentals, its travel accident insurance with a hefty ceiling of $500,000 and
the fact that the card holders is not held liable for unauthorized transactions.
The one disadvantage of this card, which, depending on your spending and payment habits may or may not matter to you, is that its finance charge method is called
a two-cycle average daily balance method. This is more costly than that used by most issuers of credit cards – the method of determining finance charges by the average daily balance.
The various fees which you should always study and compare in detail include a fee for late payment that can be as high as $39 depending on the balance you are
carrying; a $35 fee for charging over your limit; and a balance transfer fee of three percent, although this has a minimum charge of $5 and a maximum of $75.
The best use of this gas reward credit card, therefore, is to pay your balance in full each month after the expiration of the introductory rate, and to make frequent purchases at Hess, Hess Express and Wilco Hess.
No Balance Transfer Fee Card
18-12-2009 by adminWhether your credit card debt is out of control or you’re just trying to save money, it makes sense to try get a lower interest rate on your credit balances, and if you can transfer those balances to a no balance transfer fee card, you’ll be saving even more cash. The trick is finding a no balance transfer fee card with terms as good as a card that does charge fees.
Some plans might not sound as if they’ll save you much money, and they might not if you have only one small balance or a few small balances. If you transfer a small balance of $1000 to a card that offers no interest but charges a 3% balance transfer fee, you’ll pay about $30. If you transfer that balance to a no balance transfer fee card, but that card charges 3% interest as its low rate, you’ll pay $30 a month instead of just one time. The best choice is clear, pay the fee once and get no-interest or lower interest on an ongoing basis.
But if you’re transferring several balances, you’ll pay a fee for each one, usually about 3%. If the amounts are substantial, each transfer fee could be up to $75. Take the time to add up these fees and compare with the savings. Be sure you’re aware of how long that low introductory interest rate will last, and how high the interest will jump at the end of that period . A no balance transfer fee card with terrible terms can easily cost you money in the long run even thought it cost you nothing to transfer balances. It might be worth paying those balance transfer fees to a card with a longer low-interest period, or one in which the interest rate after that period stays lower.
It takes a little math to determine your best course of action, but almost always, transferring to a lower interest credit card with good post-introductory terms is a great way to save money. And a no balance transfer fee card can make the deal even better.