Buying gas is getting more expensive, but you can find gas cards for most gas stations where you will earn a rebate on every gas purchase. Oil companies typically have a link to the gas card application on their website or you can pick up a credit card application at a lot of the gas stations.

Major credit card providers also offer a gas card of their own and the advantage of submitting an application for one of those cards is that cash back is being earned at any gas station around the country, which ensures you are getting the lowest price instead of selecting a specific brand of gas that may carry a higher price tag. An example of a gas card not limited to a specific brand is the Discover Open Road credit card that gives you 5% cash back on all gasoline purchases and even includes auto maintenance purchases, but only up to a combined total of $100 per month.

If your goal is to apply for gas cards that will save you the most amount of money you should not only read the terms and conditions for each card, but also carefully evaluate how much gas you expect to use every month. Let’s say you normally spend around $80 on gas on a monthly basis. The best solution in this case is to always have the Discover Open Road card in your wallet, because you always earn 5% and you can pick and choose between any gas station. The oil companies normally do not have restrictions and you could elevate the savings significantly if your usage ends up costing you more than $100 per month, but remember that the oil company needs to have a good coverage of gas stations or you could end up spending more money driving around finding a place to fill up your vehicle.

Paying the credit card bill in full each month is vital, because gas cards can be associated with higher interest rates than regular cards to make up for the generous rebate, which also means that it will end up costing you more if you are subject to finance charges due to the fact that you carry a balance.

The intention of having a gas card is to cut down on gas expenses and if used correctly this is precisely what you will end up doing, but remember to never pay late or exceed the credit line otherwise you will end up giving the credit card company all the savings you gained from the card in the first place.