Thursday, June 9, 2011

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blow If you’re looking to get more mileage from your fill-ups at the gas station, a rewards credit card could be the answer. But be aware these cards can come with a tangle of restrictions. Tweet Be the first to Tweet this! ShareThis “As consumers, you have to know what the ground rules are before you start to play the game,’’ notes Bill Hardekopf, chief executive of LowCards.com.There are two main ways you can go if you want a card that defrays gas costs. General rewards cards often let consumers earn accelerated rewards on select categories, such as groceries, restaurants, or travel. Most cards don’t offer accelerated rewards for gas, but of those that do, the average rate is just under 3 percent, according to CardHub.com. Companies such as BP, ExxonMobil, and Shell also issue their own cards. These cards offer richer rewards on gas, but can come with considerable restrictions. The rewards for other spending categories tend to be more limited, too.
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