The Benefits of Applying for a Gas Credit Card
Posted by admin on Feb 22, 2010
Times are tough right now when it come to money and finances – that’s a given. These days, every dollar counts, and each and every one of us has been looking for ways to tighten our belts and save ourselves some extra cash wherever and however we can. This is really no easy feat with the prices of just about every necessity being what they are these days – especially gasoline.
However, there is an easy, simple, and smart way to help ease some of the hardship caused by high gas prices and when the economy’s not at its best, every little bit helps. By applying for a gas credit card, you can not only save yourself hard-earned money on the cost of getting from place to place, but you can also earn useful and valuable rewards every single time you use your it. More and more people are discovering the benefits of having gas station credit cards on hand and easing the pain of their current financial burdens in the process.
Save Money and Accrue Benefits
The most obvious benefit of applying for a gas card is the savings. Some gas rebate programs offer you savings on your fuel costs of up to 6%, either as an introductory offer or a permanent one. With gas prices being what they are today, that 6% can rapidly add up to quite a bit by the end of the month, meaning more leftover to spend on groceries to feed your family or put toward your other necessary expenses! Many credit card companies also further increase your capacity to save by offering cash back rewards on other applicable purchases as well, often including groceries or even the cost of automobile tune-ups, adding to the already appealing incentives to apply.
These cards work very similarly to the frequent flyer cards we’re all already familiar with on some level or another. You as the customer accrue points, privileges, and benefits every time you charge your purchases to your account. These points are easily converted or cashed in on free gasoline or other services depending on the exact specifics of the program you applied for. As there are a wide variety of gas credit card programs available to today’s consumer, you may want to consider making a list of your needs, wants, and requirements and shopping around to find the program that will suit you best and benefit you and your family the most.
Enjoy Incredible Convenience
Although there are many comparable cards offered by specific gas stations, only a gas credit card allows you the superior convenience of enjoying savings and accruing benefits no matter which gas station you choose to visit on a given day. You’re not chained to a specific one in order to save money, so you can stop at whichever station has the lowest prices or the shortest lines on a given day. If you or your family frequently go out of town for vacation or business purposes, you will also have the freedom of filling your tank at whatever gas stations are available to you while on the road without sacrificing your ability to accrue valuable benefits.
With the economy being what it is these days, smart consumers know that they can’t afford not to save money and help make ends meet any way they can. With the benefits of a gas rebate card in your corner, you’re ensuring that you shop smart and spend smart each and every day.
Jeremy Biberdorf
http://www.articlesbase.com/credit-articles/the-benefits-of-applying-for-a-gas-credit-card-740798.html
Is it better for my credit rating to cancel a credit card before applying for a new one?
or apply for the new one while the old acct is still open?
also what is the recommended amount of time to keep a credit card acct open for most benefit to credit rating?
no. You should apply for a new one and then cancel the other one. The more credit you have, the better your score (depending on if you actually use it and pay on time, of course). As for keeping a card open, if you don’t use the card and pay it off, your credit will not get better. Buy things that aren’t too expensive and then pay them off. Don’t buy things like food with credit cards, that adds up and leads to problems. If you’re good about paying on time, your credit score will go up and you’ll be fine.
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No! In almost all cases canceling an existing card will harm your credit score.
How can this be you ask? Because a big part of your FICO score is based on a ratio of how much of a credit balance you carry vs. your total available credit. The lower that ratio the better. But if you cancel a card you lower your available credit and thus increase your ratio.
As long as this card doesn’t carry an annual fee, it doesn’t harm you. Cut it up if you want, but don’t close the account.
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canceling a card before applying for another won’t hurt your credit. holding onto a card for a long time and maintaining it well will help your credit.
http://www.weeklybloopers.com
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Keep the card, make sure all the debt on it is paid off, and keep the account open, even if you never use it. The longer you have the card, the better it will be for your credit score. Also, try to apply for as few cards as possible. If you have a lot of applications, and tons of rejections, it will look bad on your credit.
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no keep all accounts open for at least 12 months or longer the longer open paid as agreed the better for your score as long as you keep them below 30% of the total allowable credit
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actually, closing the old one may be a mistake.
What the lenders want to see is a positive rating (repayment) for long periods of time. So keep the current card open and leave it open. Charge something small every so often and pay it back in two payments. So, you charge $50 today and pay $40 when the bill comes. Then pay the balance a few cents interest after that.
If there is nothing wrong with the current account-don’t close it. Closing and opening accounts that are similar will not help your rating at all.
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15 years banking and volunteer financial counselor
Just use the credit card for shopping and pay it in time, and your credit score will grow. Here is some most popular credit card offers to establish credit – credcards.maclenet.com
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