Prepaid Cards Versus Gas Credit Cards Gas Gas prices have doubled since last year and motorists are embracing every gas saving tip thrown their way. There are quite a few out there, from improving driving habits, driving hybrid cars to using gas cards. Gas cards however, have proven to really save money on gas. But before you go out and get a gas card, know that there are two types of prepaid cards and credit, and each has its own characteristics.
A prepaid gas card is a card that you can preload amount of your choice. The economies of the prepaid card gas is a foregone conclusion. When you load your card, you load a discount or pay less than the amount on the card. This card is good to use for people with a tight budget, your miles on the car and visits to the petrol pumps is limited since there is a limit on the amount of the card. However, this still involves discipline on your part since you can easily recharge.
The drawback to using this card is the expiration date. Most cards have short periods of detention or expire within a short time. Losing the card, is another matter. The balance of your card is bad and it will be a gap on the budget if the balance is large enough.
A gas credit card, on the other hand, works like a regular credit card. The advantage over normal credit cards is that you save on gas purchases. Credit cards offer a gas of 2% to 5% discount on all purchases of gas, according to the card company. Rebates or rewards points are usually in the form of a cash rebate that can be credited to the existing map. While other cards offer to convert rewards points into airline tickets, merchandise and gift certificates affiliate. These awards are equally attractive, but it is the cash back reward that tops all. Cash Back can be used to purchase gas and still get off it. This composition would be your savings, discounts on a refund!
The downside to gas credit cards is that you must be vigilant in paying your bill in full and on time each billing period. Otherwise, maintaining the balance will be charged the applicable rate. Rates range from 9.99% to 16.99%, which could easily undermine your savings.
gas credit cards are better than prepaid cards because of the variety and quantity of reward points or discounts. You also do not have to work around the balance of the card is great for emergencies. Stay on your budget gas is actually dependent on you alone and not the type of card.
For your saving gas money, start using gas cards. Choose a prepaid card or credit, which is best suited to your habits of consumption of gas. But whatever card you-go with a prepaid card or credit card gas, you are sure of your savings in gas money. Gas cards are a victory of course!
Posted on February 16, 2010.