iQuanti: The world's opening back up, and that means you might be going back into the workplace. Getting back into the habit of commuting can mean a return of certain expenses, including keeping your business casual wardrobe fresh, office lunches, and of course the cost of traveling to and from the office.
At the same time, gas prices have soared in recent months. That regular fill-up might start to hurt your wallet a little bit.
However, you can reduce some of that budget crunch with gas credit cards.
Here are some reasons why one of these cards could help you out.
1. Big-Time Rewards on Gas
With today's gas prices, you want every discount you can get.
Fuel credit cards generally offer a great cash back reward on all of your gas purchases. While co-branded gas credit cards may restrict you to a single gas company, other gas credit cards offer rewards for all gas spending.
Additionally, they may provide higher bonuses for the first few months, taking your fuel savings even further.
2. Cashback in Other Areas
Gas rewards cards are pretty flexible — they may offer at least 1% cash back on almost any other purchase. Many gas station credit cards offer higher levels of cash back for other rewards categories as well, in addition to their bonus for gas.
These cashback opportunities can add up to significant savings.
3. Welcome Bonuses
The rewards start as soon as you join. Some of these cards may offer introductory bonuses as statement credits or cash back after you spend a certain amount of money within a specified period. Other may offer a larger bonus over the course of your first year as a cardholder, such as a cash back match for all of your earned rewards.
Combine that with your regular cash back, and fueling your vehicle becomes much more affordable.
4. Ease of Approval
Some gas cards are pretty easy to get approved for because they are geared only towards gas purchases. Lenders may not think the borrower will use it on other things since some gas cards only offer gas rewards.
5. Building or Rebuilding Credit
Gas cards offer the best rewards on gas purchases, which are relatively predictable. This makes it easy for you to pay off your balance if you stick with just gas purchases.
Over time, you'll see your credit score increase.
Save Some Money on Higher Gas Prices
Now that you're back to regular fill-ups, and gas prices are higher than ever, a fuel card can be a wise financial decision. You'll save money or earn rewards every time you're at the pump, all while building credit and even earning cashback on other purchases.
Press Release Service by Newswire.com
Original Source: How Fuel Credit Cards Can Benefit Commuters
