How to save 14% on your gas costs!

There is a strategy that can save you 4 percent, 5 percent, 10 percent or even 14 percent of your gas purchases. If you are a smart consumer you can save a lot of money.

This method utilizes credit cards that offer rebates on fuel or other gas station purchases. The correct card can substantially lower your cost of gas. You save without having to do any maintenance on your car. This savings method costs nothing at all.

Many gas companies offer credit cards that pay rebates on gas purchases. The typical card will rebate you 10% on your gas purchases for the first two or three months and then rebate you 5% on your gas purchases thereafter.

For example, a credit card currently being offered that has such a program is a BP card. The BP card will pay 10% on purchases including gas, at their BP branded stations for the first two billing periods. The rate becomes 5% thereafter.

The credit card explained above is specifically for BP branded stations. You can not have a rebate at other stations. Instead of a gas company card a general market card might be a good choice if you need to use many different branded stations.

Many credit card companies offer cards that have special rebate amounts for gasoline. For example: currently Discover Card is issuing a Discover Gas Card that will give you back a rebate of 5 per cent of the gas you purchase. It also gives you a 1 per cent rebate on other purchases.

Another example: Chase has a gas MasterCard that will give you a rebate of 5% for gas purchases and 2% for purchases everywhere else.

Both types of cards, the ones that provide savings only at specific company stores and the general market cards have advantages and disadvantages. The advantage to using a general market card is that you can use the general market card to buy fuel at any station and get the rebate. The card issued by the gas company only pays you the rebate at the gas company's branded gas stations.

On the other hand the gas company credit card will generally pay you a premium of 10 percent or 8 percent for the first 60 days where the general market card may not.

That above strategy will get you a discount of 3 percent up to 10 percent. 3% is good and 10% is even better, but what about getting the savings up to 14%? There is a trick you can utilize to do that.

Many gas stations sell pre paid gas cards or gasoline gift cards. Many times these prepaid cards will offer a discount. In some cases for $48 you can purchase a $50 gas card

The net result for paying a lower price for more gas can be restated as a discount on the gas. Paying $48.00 for a $50.00 gift or prepaid card is equal to a 4% discount.

Now here is where the extra savings comes in. If you purchase the prepaid card using the gas company credit card during the initial period when you are getting a 10% rebate you will get a 10% rebate on the prepaid card.

Then if you are buying a prepaid card that gives you a 4% discount, the $50 dollar card for $48 cost, you are compounding your savings.

You are getting a 4% savings on the prepaid card and a 10% savings in the form of the rebate by purchasing the gift card with the rebate credit card. In total you are getting a 10% savings + a 4% savings. 4+10=14. So you are actually realizing a 14% savings!

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Scott Siegel has written a 143 page book of automotive industry insider secrets on saving gas and money at the gas pump. Visit us to learn how you can Increase fuel economy . Find out how to save gas and money.
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