The reason is simple: you get rebates and discounts or bonus points each time you use your card for your gas purchases. The amount of cashback, rebate, or discount varies depending on the card issuer. There are some companies that offer a three-percent discount, while other issuers provide as much as five-percent. Whatever the company, the common thing is that you get savings when you buy fuel using the gas card. Added up all the rebates, you can save some hundreds of bucks.
Whenever you want to apply for a gas credit card, first, you have to know what type of card to get. Generally there are two types: one is your standard credit card, while the other is a special gas card. The difference lies in who offers the credit, discount, rebate or bonus points. For the standard card, it's usually a card company like Discover, Visa, Capitol One, Mastercard etc. However for the gas card, it's particularly the fuel station or gas company, for instance Exxon, Texaco, Chevron etc. But more or less, both use the cashback system and work the same way.
You want to know how you can save with these cards: For Credit Cards, card providers share part of their commissions from gas stations with you, thus the source of the discount. For gas companies, you can call it as a loyalty discount. Since you use their card to purchase gas from them more often, they give you a rebate to maintain your patronage. So, ideally, it's a win-win situation for both. You are getting savings, and companies get to earn.
However, you have to look for some things when getting a gas credit card. You know what they say about the fine print. You need to study it. A few important things to look for are: First, you should look for limited time offers, often discount is available only for the first six month. In many cases complete monthly payments as condition is needed. If you get delayed payment, you're discount is gone. Another important fact is the availability of participating gas stations. For instance, the gas card you want to apply for may offer the best discounts, but it's only accepted at the pump station at the other end of the city. There are a lot more facts to consider, so again, study the terms and conditions of your credit card offers.
As long as you look out for the terms and conditions of the gas and card companies and totally understand and accept them, then getting savings is a done deal. By using the discounts or bonus points and the cashback system that companies offer, you get to save the more that you purchase. Though it sounds improbable, it's really not. Just be clever and keep to the conditions, and you'll be alright. If you are looking now to get savings on your gas expenses, it's time to apply for a gas credit card.
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