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OK. One of the auto gas companies offers a credit card with a nickel off the price of each gallon if you use their credit card. But I'm not convinced this is a good deal. Let's say a gallon is $2.50, and now I will get a nickel rebate when I pay my credit card charge. What is the percent I earn? (I am not good with figuring this out.) Thanks!
It's a nickel, who cares the percentage? Is it cheaper than the same grade at other stations?
Sheetz for example, offers nickel off for the loyalty card, and three cents off for the credit card so the pump price is $.08 less that other stations.
If you have the percentage then you have to go figure that against the other station as a percentage. AS you say, that would be a challenge for you.
Most of the loyalty/discount/reward cards etc. automatically register your savings as a reduced price at the pump, so you really don't have to worry too much about calculations.
If you are thinking about other, non-gas-company credit cards, they typically issue a credit or build-up a savings account that you can use.
OK. One of the auto gas companies offers a credit card with a nickel off the price of each gallon if you use their credit card. But I'm not convinced this is a good deal. Let's say a gallon is $2.50, and now I will get a nickel rebate when I pay my credit card charge. What is the percent I earn? (I am not good with figuring this out.) Thanks!
Do a simple Google search for the lowest gas prices in your area.
Gulf and Shell are over 5 cents a gallon higher price. No need to get a Shell or Gulf gas card. That 5 cents would save us nothing.
What is the interest rate on the card you are looking at?
Avoid such credit cards and use a debit card from your bank so you avoid interest rates and buy gas at the closest station from you to get the lowest prices in town.
Also, make sure the discount program isn't based on gas purchase at stations with higher prices. Getting a nickle off a gallon of gas that is 25 cents above all others really isn't a savings. I like the Kroger program since I can get up to a dollar off a gallon of gas based on store purchases I would be making anyways. For those purchase being made elsewhere, I use their 4X fuel point specials on gift cards to those stores. So, if I plan on buying $300 worth of merchandise from a store, I buy a $300 gift card at Kroger for that store, which can net me 1,200 fuel points or a dollar off each gallon with points left over. Since I can still use a credit card, I also get whatever rewards that credit card provides.
Keep in mind that some of those new credit card discount offers are only for a few month, usually just the first 3.
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