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Popular gas credit cards that work in your favor

2011-05-20

The increasing cost of gas is probably the main problem plaguing most of the drivers in the country, especially those who cannot travel without their vehicles to and fro work. According to the United States Energy Information Administration, the average price of regular unleaded fuel will hover around $3.8 per gallon. It is no wonder if the price of fuel reaches $4 a gallon by July this year. Considering these steep increase in gas prices, it is worth having gas rewards credit cards in your pocket, provided you know how to use them wisely without getting into debt traps. Here are a few cards that may work in your favor.

You will get a 5 percent rebate in all the Shell outlets if you have a Shell credit card in your wallet. There is no annual fee associated to the card. The APR on this card is 23.99%. Hence, before signing up for one, ensure you have enough money to pay off the balances in full each month to prevent running into huge debts.

If you prefer fueling only in BP stations, then the BP credit card is the best option. In addition to the 5 percent rebate while fueling in BP outlets, card holders can also enjoy 2 percent cash back on certain travel and dining expeditions and 1 percent cash back on other purchases. This is better than the Shell credit card since the interest rate on this card varies from 15.25 percent to 19.24 percent based on the credit history and score of the card holder.