In these times when gas prices continue to increase, everybody is keen on saving every penny they can on gas money. One of the practical and easy ways to do this is by using gas cards. There are two types of gas card according to cash pay out: prepaid and credit.
Prepaid gas cards have limited balances which you determine and pay for upfront when you receive the card. Basically, you use prepaid gas cards to pay for gas purchases and earn rebates on them. Current percentage rebates are from 2% to 5%, depending on the card company. Some may have introductory periods and offer 10% rebates. It will be good to avail of introductory periods but make sure that the rebate that you earn in the long run is the average too.
Compared to the credit type, using prepaid gas cards means no hassles of paying your bills. Your payment is upfront and you do not have to keep track of any due dates. However, you do have a limit to the amount you can use your card for and some cards expire in such short periods. Some may find this a disadvantage but there is a bright side to this. You can easily switch card companies especially if there are other higher percentage rebate offerings.
Moreover, some prepaid cards are sold on a discount so you really do stretch your gas money far. This way, you earn two types of discounts: one from buying the card and the other on gas purchases. Another way to get a discount from prepaid gas card purchases is to buy them using your card as well. Most companies offer rebates on gasoline store (prepaid gas cards can be bought at these stores) purchases, usually 2% to 4%.
There are simply a lot of ways that you can get the best savings from prepaid gas cards. Explore and use your options so you do not miss out on stretching your gas money as far as possible.