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.
Cash Back Credit Cards Or Reward Credit Cards – Which One is Best For You?
13-12-2009 by admin
So, you want a new credit card and figure getting a reward card is the way to go. But you’re a bit confused about the difference between reward credit cards and cash back credit cards. It’s not surprising because even many credit card companies use the terms interchangeably. But they are different.
Make the right choice and you’ll find yourself with “free” gifts or cash. Make the wrong choice and you might not see any “free” rewards at all.
Invest just a little bit of time online comparing offers and when it comes time to redeem your rewards you’ll get what you want.
Here are some of the more important things to consider:
Would You Prefer Money, Products or Services?
Whereas a cash back credit card will send you cash periodically, a reward credit card issues points or miles for your purchases. You can then convert the reward points into discounts on travel and/or various services and products. The rewards vary from one card to the next.
How Do You Get the Most Value?
On the surface nothing beats a financial rebate. However, reward cards that give you points or miles often offer incentives that are usually worth quite a bit more than what you’d get for the equivalent use of your cash back credit card.
Thoroughly scrutinize what you can trade your points for because if you find things you like you will get much better value from reward card cards than from cash back credit cards.
The Big Problem with Reward Credit Cards
Reward credit cards can be a time-sucking hassle because you need to keep track of your points in order to get your rewards whereas cash back credit card companies either send you your money automatically or apply it directly to your balance due.
So, if you don’t want to bother tracking your miles and/or points a cash back credit card would be a better choice.