Learn and Avoid the Bad Side of Gas Reward Credit Cards

Learn and Avoid the Bad Side of Gas Reward Credit Cards
Not patronizing the affiliate gasoline station.

You can only earn rebates or points if you use your gas
reward credit cards to purchase from the affiliated gas
station. Thus, it is important to ensure that the gas card
you've chosen has partnerships with your preferred gas
station. Another important thing to ensure is if there is
an affiliate gas station right in your area or else, you'll
have to go out to refuel just to earn points.

Not keeping up with your monthly balances.

Usually reward credit cards do not give the privileges to
the credit card holder if there is an outstanding balance
on the card holder's account. Yes, if you're not keeping up
with your monthly balances on time, you might not be
entitled to receive rebates on your gas purchases. The same
is true not only for gas reward credit cards, but for other
types of reward credit cards as well. Aside from this,
failing to pay off your monthly credit card balances will
only result with you paying for very expensive interest
rates. Even worse, it can be a start of a serious debt
problem.

The real terms are not explicitly stated.

Generally, when you read credit card advertisements, you're
only given the best features of the card. The same is true
for gas reward credit cards. For example, if the offer
states that card members will be given a 5%* rebate on gas
purchases, the asterisk denotes that there are certain
conditions that come with the offer.

This means, you're not automatically getting the full 5% of
your rebate every time you purchase. The conditions can
either be that the 5% rebate will only be applicable after
you reach a minimum amount of purchase. Or it can also mean
that the 5% rebate will only apply as long as you don't
exceed the maximum limit of rebates you're allowed to earn.
Obviously, if you did not carefully read the terms and
conditions before signing up for the offer, advertisements
can mislead you into thinking that you'll get more than the
actual deal.

Misleading introductory offers

Some credit cards may offer a low rate of interest either
on balance transfers or on purchases for a short period
such as 6 months or less. However, once the introductory
period expires you may be surprised to find that you'll be
paying extremely high rates of interest for the rest of
your membership. To avoid such situations, see to it that
you know exactly how much the rates will be after the
introductory period ends.

----------------------------------------------------
Credit Card Rewards - Travel Reward Credit Card - Credit
Card Reward Programs and Reviews provides consumers with
valuable reviews and information on the best rewards credit
card offers and reviews. Visit the site at
http://www.rewardcreditcardsite.com/