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You can save 14% when you buy gas!

If you know the smart way to purchase your gas you can save a considerable amount of money. The following strategies could save you 4 percent, 5 percent, 10 percent or even 14 percent of your gas costs.

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.

Gas companies want your business. They don't compete on price so they compete in other ways. One commonly used strategy the gas companies use is credit cards with rebates. The normal gas company credit card will create a rebate of 10% on your purchases at their branded stations. Those purchases include your purchases for gas. The first two or three months that you have the card is when they offer the 10% rebate. After the initial period the rebate changes to 5%.

An example of a card currently being issued that has such a rebate program is the BP card. Their credit card will pay 10% for the first two billing periods for gas and other purchases at BP stations. The rate changes to 5% after the bonus period ends.

The example above is specifically for BP stations. You will not get the rebate at other brand stations. General market credit cards may be a good choice if you want to save at multiple branded stations.

Many card companies have cards that have rebate amounts for gas. For example: currently Discover Card has a Discover Gas Card. This card will provide you with a rebate of 5 per cent of the gasoline you purchase. This card also provides 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.

But, the advantage to the gas company card is that you receive a 10 percent rebate for the initial period where as the general market card does not pay that high.

That is the main strategy for getting a discount of anywhere from 4 percent up to 10 percent. Certainly any rebate is welcome in light of the cost of gasoline. 4% is good and 10% is even better. But there may be a way to cut your cost of gas even more. Maybe even to 14%.

Pre paid gas cards or gasoline gift cards are sold at most gas stations. Usually these prepaid cards are discounted. You may have to wait for certain promotions but in general you can find one that is discounted. For example by spending $48 on a $50 gift card, you can use the card for $50 worth of gas but it only cost you $48.00.

The card allows you to buy $50 worth of gas but you only pay $48 for it. That is equal to a 4% discount.

If you purchase the gift or prepaid card with the gas company card during the initial period you are getting a 10% rebate on that purchase.

If you purchase a prepaid card that provides a 4% discount, the $48 dollar card for $50 dollars worth of gas, you are adding to your savings.

You are getting a 10% rebate on the prepaid card purchase using the rebate credit card and you are getting a 4% savings by purchasing the prepaid gift card. Therefore the total you are getting is 14%. The 10% savings + the 4% savings or 4+10=14. Now you have just saved yourself 14% on your gas purchase.

Article Source: http://www.topicinfo.com

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