It’s more important now more than ever to save on expenses that can mount up fast. One of the primary concerns for many is the gas needed to carry out daily obligations. With America consuming 17% of gasoline based products on an annually basis, this can add up to a significant amount of a family’s annual income. There are a plethora of ways to save on gas, but one of newest to hit the market are gas cards.
Working just like a credit card, this payment method saves through rebates, discounts, and cash back programs on the product used most in today’s mobile world. There are two major versions which are now on the market and both are saving consumers hundreds to even thousands of dollars annually.
Prepaid cards have their advantages in that money can be set aside on payday specifically for this purpose which makes tracking expenses related to gas consumption much easier. Those using this payment method will also find that for every $50 put on the card, $55 worth of gasoline can be put into the tank. This instant savings, the fact it’s usable at any station, and that there’s no bill at the end of the month is very enticing.
The alternative is a gas station card which often comes with additional benefits, which can be used in various ways depending on needs. Just as with the prepaid version there is a cash back feature, but this payment method also provides additional benefits not available through the other program. By working with a specific gas station, additional benefits can also be found.
By utilizing station cards, rebates can be earned beyond what can be expected if using typical forms of credit. For example, BP offers 10% per gallon off the price of gas during the first 90 days then 5% thereafter. When compared to Discover, who offers only 1% to 2%, it’s easy to see how the savings can add up quickly.
Secondly, customer loyalty is important to gas stations. In fact, they depend on it for their livelihood. By becoming a loyal customer to a single station, many perks can be had such as free t-shirts, windshield cleaning, gas pumping, and much more. Of course, generic stations rarely provide these free benefits, but larger stations do occasionally so it’s worth spending an extra cent per gallon and remaining loyal than always shopping around.
Saving on this one commodity which is used most, it’s important to find ways to enhance the savings beyond just looking for the lowest dollar price at the pump. Although this too is important, by using the prepaid or station gas cards currently available, hundreds could be saved annually. Ultimately, the cash does more good in your pocket than in your tank.