If you fill up at the pump often, choosing the right gas rebate card saves a bundle.
For people who spend a lot of time on the road, whether it is for work or pleasure, the rising cost of fuel is crippling. Using a gas rebate card is one way to save a lot of money. But not all fuel programs are as wonderful as they claim. Here are six of the worst and best gas rebate cards on offer for commuters:
The Better Deals
CITGO Rewards Card – CITGO give cardholders a 5 cent per gallon rebate on every gallon of CITGO fuel purchased with no minimum or maximum fuel amounts required. They offer a 25-cent rebate per gallon for the first six months of signing on too. They have nearly six thousand locations and make it easy for you to track your fuel rewards online.
Marathon – The Marathon Visa Credit Card provides a range of rewards. They will give you 5 cents off per gallon if you spend up to $500 per month on the credit card. This bumps up to 15 cents per gallon if your total monthly expenditure is $500-$999. Spend $1,000 or more on the card each month and Marathon will reward you with a 25-cent fuel rebate. Transactions are calculated by the calendar month, and every $25 rebate earned is sent you. They have an online calculator to help you calculate your monthly rebate. The card comes with none of the usual annual fees, and unlike other offers, they have no limits on the number of rebates you can claim per month.
Exxon/Mobil – This credit card offers a 6-cent discount for every 45 gallon purchased at Mobil or Exxon. This discount applies to the first gallon and every gallon up to 100 gallons every qualifying month. Exxon and Mobil boast more than ten thousand locations, so finding fuel is simple.
The Worst Offers
BP Credit Card – This card awards you 15 cents off per gallon for every $100 spent at a BP store, and up to 5 cents off per gallon for every $100 spent in other stores. During the first sixty days of joining the card, BP rewards you with 25 cents off per gallon for every $100 dollars spent on the card. Sounds great, but this is a classic example of when you need to read the fine print. You can only claim these fuel rebates on one-fill up at a time. So, if you can’t take all forty-five gallons in one hit, then you don’t get the rebate. The rewards can only be claimed at BP stations too, which doesn’t allow you to fill up where the fuel is the cheapest.
Gulf Credit Card – This card will offer you a very modest 3% reduction on Gulf gas, and 1% discount on gas purchases elsewhere. Unfortunately, this card does not come with any sign-up incentives. This is not a great offer really. Many credit cards already offer a 3% fuel rebate and don’t force you to shop at only one fuel provider to get it.
Shell’s Drive for Five and Shell’s Stop n Shop – Both programs allow you to buy up to 100 gallons a month, and for every 45 gallons you buy at Shell per month, they give a 5 cent per gallon rebate. But when you do the math, this is less than a 1.5% reward for buying Shell’s gas. Plus, the Stop n Shop program requires you to buy products from Shell stores to earn fuel rewards, but some items are not eligible, for instance, milk!
Like all deals, it is important to read the fine print. For commuters who are on the road, daily many of these deals will save a few dollars at the pump. But for the average family, researching the fuel perks offered by supermarkets would be a better way to supplement the fuel costs of the second car. Be careful with deals that need you to buy a certain amount of fuel to receive a discount. You may find you need to invest in a fuel can or two to make it worth your while.