Business & Finance Credit

Fuel Credit Cards

There are different types of "Gas Credit Cards" that the consumer should be made aware of before selecting the card they think is best suited for their needs.
The typical "Gas Credit Card" is one issued by the local service station that the consumer gains points as they buy fuel and when they have bought "X" amount of fuel they receive free fuel in return.
Many consumers like this advantage and readily sign up to get this card.
The consumer should be made aware that their interest rate might be high for the service and the free gas is not so free.
The other types of "Gas Credit Cards" are issued by local lending companies who use one of the major logos like MasterCard, Visa or Discovery and these cards can be used to buy more than just gasoline.
The credit card is good at about any place of business and normally has a spending limit based on the customer's credit score.
This credit card builds points up towards getting even more free fuel when the consumer uses it to purchase other items from retail stores, pharmacy's, restaurants etc.
The consumer needs to make sure that when they get this type of "Gas Credit Card" that they are getting a low APR rate along with a low membership fee.
Also it is very beneficial if the consumer is not going to be charged late fees or at least has from thirty to ninety days grace period before any late fee charges are made.
A "Gas Credit card" is a great advantage to any consumer if used in the right way with the right type of agreement.


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