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Few Rewards With Gas Credit Cards

Wall Street Journal -- Don't waste your wallet space with gas credit cards.

They tend to be costly with few rewards and don't have the flexibility of a general-purpose credit card, experts say.

"If you give your loyalty to a gas company, you would expect they will give you something back," says Anisha Sekar, vice president of credit and debit products at NerdWallet.com, a financial-services information website. "Unfortunately, that's not always the case."

Like department-store cards, gas cards typically carry low credit limits and interest rates that hover at about 25%. In some cases, the interest rate can be higher than the default rate on other credit cards. But department-store cards come with discounts and regular cardholder-only deals. That's not true with gas cards.

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Submitted Sep 16, 2012 By: BurntOrange

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honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Sep 19, 2012 9:15:59 PM Ignore honda0105 Report Abuse just gimmicks. Helps CC companies, not consumers.
shstew Veteran Author British Columbia Posts:286 Points:312,020 Joined:Nov 2011	Message Posted: Sep 17, 2012 8:02:21 AM Ignore shstew Report Abuse Too many cards in my wallet.
BEGTWO Champion Author Maryland Posts:1,927 Points:720,615 Joined:Sep 2010	Message Posted: Sep 17, 2012 7:20:47 AM Ignore BEGTWO Report Abuse Pay it off in full every month.
tomok Champion Author Portland Posts:32,927 Points:2,342,585 Joined:Aug 2006	Message Posted: Sep 17, 2012 3:12:22 AM Ignore tomok Report Abuse I have never had a Gas Credit Card and have American Express for Costco and Visa for the others. No annual fee, cash back and paid off every month! Buy the cheapest gas in your area OR use a grocery chain store Rewards Card for their gas station that offers up to 10 cents off per gallon with a $100 purchase per month in the store. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! 12/22/2012!
12766 Champion Author New York Posts:2,428 Points:1,480,390 Joined:Oct 2008	Message Posted: Sep 16, 2012 10:07:44 PM Ignore 12766 Report Abuse OK
Prodaddy Champion Author Houston Posts:8,360 Points:1,891,185 Joined:May 2007	Message Posted: Sep 16, 2012 9:27:08 PM Ignore Prodaddy Report Abuse Credit card companies like American Express, Visa & Mastercard want to give you credit and just wait for something unexpected to happen to you and then slam you to the wall with late charges, interest, etc. I think it is best to pay in cash and leave these vultures alone
Dodge_Me Champion Author Atlanta Posts:2,214 Points:553,230 Joined:Mar 2006	Message Posted: Sep 16, 2012 9:24:45 PM Ignore Dodge_Me Report Abuse Hmm
Focus2 Champion Author Illinois Posts:7,889 Points:1,918,255 Joined:Mar 2006	Message Posted: Sep 16, 2012 9:20:49 PM Ignore Focus2 Report Abuse Always pay them off each month in full!
ilderton All-Star Author London Posts:679 Points:1,494,165 Joined:Jul 2008	Message Posted: Sep 16, 2012 9:20:20 PM Ignore ilderton Report Abuse spend $1000 on my card & get $0.10cL off gas. so i pay my bills with the card & then immediately pay the card back online. one extra step paying my bills online but very simple to save me a few bucks.
lesndave Champion Author Texas Posts:3,022 Points:697,980 Joined:May 2011	Message Posted: Sep 16, 2012 9:20:10 PM Ignore lesndave Report Abuse Wow
us4usa Champion Author Missouri Posts:5,976 Points:1,109,385 Joined:May 2008	Message Posted: Sep 16, 2012 9:19:50 PM Ignore us4usa Report Abuse Everyone knows gas cards are for suckers... But some still think they can bet Shell at the Shell game...
Number43 Champion Author Lexington Posts:8,681 Points:1,635,245 Joined:Oct 2008	Message Posted: Sep 16, 2012 9:19:08 PM Ignore Number43 Report Abuse Don't use them. There are cards out there that give you cash back for useing them to buy gas.( Bank of America Visa for example.)
rtw777 Champion Author Florida Posts:9,381 Points:1,839,070 Joined:Jan 2008	Message Posted: Sep 16, 2012 9:17:05 PM Ignore rtw777 Report Abuse Simply not true. Chevron/Texaco give .10 per gallon.
rahcat Champion Author Grand Rapids Posts:2,453 Points:660,025 Joined:Jan 2010	Message Posted: Sep 16, 2012 9:16:56 PM Ignore rahcat Report Abuse Limit the use of gas credit cards to emergencies only.
CocoPaz Champion Author Santa Barbara Posts:2,350 Points:319,395 Joined:Jun 2012	Message Posted: Sep 16, 2012 9:16:46 PM Ignore CocoPaz Report Abuse intéressant (interesting)
CivicMA Champion Author Boston Posts:1,882 Points:531,520 Joined:Jun 2011	Message Posted: Sep 16, 2012 9:14:58 PM Ignore CivicMA Report Abuse I don't have any store/brand affiliated cards and don't want them.
Hi1 Champion Author Ontario Posts:4,838 Points:1,721,645 Joined:Jun 2007	Message Posted: Sep 16, 2012 9:14:28 PM Ignore Hi1 Report Abuse 10 percent off om my. Credit card.
10k Champion Author North Carolina Posts:21,226 Points:2,251,095 Joined:May 2006	Message Posted: Sep 16, 2012 9:14:09 PM Ignore 10k Report Abuse never used one..i use cash, but i have a bank debit card, if necessary..
crreed1 Champion Author West Virginia Posts:1,970 Points:2,523,410 Joined:May 2005	Message Posted: Sep 16, 2012 9:14:01 PM Ignore crreed1 Report Abuse they suck you right in
Bigwaynef Champion Author South Carolina Posts:11,451 Points:2,077,835 Joined:Dec 2006	Message Posted: Sep 16, 2012 9:12:46 PM Ignore Bigwaynef Report Abuse Owebama says thank you...
LilRedWagonIN Champion Author Indiana Posts:7,761 Points:1,551,460 Joined:Oct 2008	Message Posted: Sep 16, 2012 9:11:43 PM Ignore LilRedWagonIN Report Abuse To use a gas card for gasoline purchases is not worth the cost of the postage I would have to pay for the few gallons purchased. Maybe for someone driving hundreds of miles a day.
tpguess Champion Author San Diego Posts:1,581 Points:367,835 Joined:Jan 2012	Message Posted: Sep 16, 2012 9:10:59 PM Ignore tpguess Report Abuse Scam... Scam... Scam...
7SPEEDY7 Champion Author Flint Posts:1,276 Points:602,750 Joined:May 2011	Message Posted: Sep 16, 2012 9:10:48 PM Ignore 7SPEEDY7 Report Abuse Interesting!!
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Sep 16, 2012 9:10:42 PM Ignore tedjm1 Report Abuse Agree.
fastfreddy38 Champion Author Ontario Posts:1,165 Points:2,167,210 Joined:Aug 2005	Message Posted: Sep 16, 2012 9:10:34 PM Ignore fastfreddy38 Report Abuse I use VISA dividend card.
WGW1 Champion Author British Columbia Posts:1,227 Points:386,215 Joined:Jun 2010	Message Posted: Sep 16, 2012 9:09:36 PM Ignore WGW1 Report Abuse food for thought
boatfloyd Champion Author Jacksonville Posts:1,703 Points:385,050 Joined:Mar 2012	Message Posted: Sep 16, 2012 9:09:31 PM Ignore boatfloyd Report Abuse I started using a Visa Card, instead of Chevron card.
cupboy Champion Author Salt Lake City Posts:2,774 Points:1,118,195 Joined:Nov 2005	Message Posted: Sep 16, 2012 9:09:16 PM Ignore cupboy Report Abuse I tried using a Shell card at a Jiffy Lube today and it was not accepted, even though there is a Jiffy Lube logo on the back of the card. It works fine at Shell stations.
Rooster922 Champion Author Wilmington Posts:3,773 Points:653,145 Joined:Jan 2009	Message Posted: Sep 16, 2012 9:08:59 PM Ignore Rooster922 Report Abuse CREDIT CARD, i have several.
regout Champion Author Quebec Posts:2,935 Points:828,705 Joined:May 2010	Message Posted: Sep 16, 2012 9:08:19 PM Ignore regout Report Abuse Cash.
cupboy Champion Author Salt Lake City Posts:2,774 Points:1,118,195 Joined:Nov 2005	Message Posted: Sep 16, 2012 9:07:58 PM Ignore cupboy Report Abuse re: Credit card companies cost us plenty in fees that merchants pay, that we don't see, but we certainly end up paying for. This is a good reason to use a card. You're paying for the privilege anyway.
jetskijerry Champion Author North Carolina Posts:3,881 Points:769,345 Joined:Mar 2011	Message Posted: Sep 16, 2012 9:06:58 PM Ignore jetskijerry Report Abuse Don't use it anymore.
jetskijerry Champion Author North Carolina Posts:3,881 Points:769,345 Joined:Mar 2011	Message Posted: Sep 16, 2012 9:06:37 PM Ignore jetskijerry Report Abuse NOW they make you buy $500 a month and stagger your reward for a month.
jetskijerry Champion Author North Carolina Posts:3,881 Points:769,345 Joined:Mar 2011	Message Posted: Sep 16, 2012 9:06:02 PM Ignore jetskijerry Report Abuse I used to use a Shell Card when it paid 5% discount on gas purchases
ItsMorph Champion Author Grand Rapids Posts:33,410 Points:3,182,380 Joined:Mar 2004	Message Posted: Sep 16, 2012 9:05:10 PM Ignore ItsMorph Report Abuse I don't use credit cards at all, so no biggie to me.
Blue_Cruzer Champion Author Lexington Posts:7,505 Points:1,666,660 Joined:Mar 2007	Message Posted: Sep 16, 2012 9:04:35 PM Ignore Blue_Cruzer Report Abuse Good information.
ManOfLeisureII Champion Author Philadelphia Posts:1,859 Points:451,225 Joined:Jan 2012	Message Posted: Sep 16, 2012 9:04:34 PM Ignore ManOfLeisureII Report Abuse Hey...no one holds a gun to your head to get a credit card. Pay cash if you don't like the terms.
pgerassi Champion Author Milwaukee Posts:10,882 Points:2,128,750 Joined:Apr 2007	Message Posted: Sep 16, 2012 9:04:25 PM Ignore pgerassi Report Abuse DON'T GET THEM.
Jmac2008 Champion Author Missouri Posts:2,254 Points:877,140 Joined:Dec 2008	Message Posted: Sep 16, 2012 9:04:17 PM Ignore Jmac2008 Report Abuse mine pays me 5% on every dollar spent on gas with no yearly fee.
PrinceLH Champion Author Ontario Posts:2,677 Points:535,120 Joined:Jun 2011	Message Posted: Sep 16, 2012 9:02:05 PM Ignore PrinceLH Report Abuse Another bill to forget!
bluegrasser1 Champion Author Richmond Posts:15,913 Points:2,612,595 Joined:Sep 2005	Message Posted: Sep 16, 2012 9:00:56 PM Ignore bluegrasser1 Report Abuse ok
Barfood Champion Author St. Louis Posts:3,291 Points:1,014,005 Joined:Jun 2009	Message Posted: Sep 16, 2012 8:56:57 PM Ignore Barfood Report Abuse Credit card companies cost us plenty in fees that merchants pay, that we don't see, but we certainly end up paying for.
joeschmo12 Champion Author New York Posts:1,001 Points:302,465 Joined:Mar 2012	Message Posted: Sep 16, 2012 8:54:31 PM Ignore joeschmo12 Report Abuse It's a pyramid scheme
muquee Champion Author Harrisburg Posts:2,421 Points:519,795 Joined:Nov 2011	Message Posted: Sep 16, 2012 8:52:39 PM Ignore muquee Report Abuse Don't use one.
5kvdave All-Star Author Los Angeles Posts:688 Points:350,000 Joined:May 2011	Message Posted: Sep 16, 2012 8:49:52 PM Ignore 5kvdave Report Abuse Whatever!!!!!!
mrbee Champion Author Little Rock Posts:3,738 Points:2,462,685 Joined:Oct 2005	Message Posted: Sep 16, 2012 8:46:49 PM Ignore mrbee Report Abuse Getting rid of the one I have.
RNCII Champion Author Michigan Posts:2,472 Points:640,180 Joined:Jun 2011	Message Posted: Sep 16, 2012 8:46:41 PM Ignore RNCII Report Abuse If you can't pay them off every month the rewards are only bait to rake the money out of your pocket.
abcdMA Champion Author Worcester Posts:7,907 Points:1,571,955 Joined:Nov 2008	Message Posted: Sep 16, 2012 8:44:54 PM Ignore abcdMA Report Abuse no need to carry a gas card since the major cards are all accepted
chen94539 Sophomore Author Oakland Posts:181 Points:791,665 Joined:Jul 2010	Message Posted: Sep 16, 2012 8:42:00 PM Ignore chen94539 Report Abuse ok
mstearno Champion Author Dayton Posts:8,048 Points:1,728,210 Joined:Jan 2008	Message Posted: Sep 16, 2012 8:38:55 PM Ignore mstearno Report Abuse BP I saved $13.00 on 20 gallons yesterday... every little bit helps