Use A Gas Rebate Card To Save Money At The Pump?

With some of these cards allowing consumers to save up to 10 to 14 percent (most cards save 4 to 5 percent.) on the cost of gas, it's no wonder these offers are seductive.   

In an effort to get cash-strapped consumers to use credit, different credit card companies are offering large introductory rebates for a few months followed by more reasonable gas rebate rates. 

Many of these cards also offer rebates for non-gas purchases made at  the gas station or elsewhere.  Some of the major companies offering these gas rebate cards are: Hess Oil, Marathon Oil, Speedway, Discover Card, and Chase MasterCard. 

If you are a responsible and disciplined credit card user, these rebates can be a very good idea. 

If there is the smallest chance, however, that you will carry a balance on these credit cards, then you are eating up your rebate and possibly even losing money in the end.