Gas rebate credit cards
Encyclopedia
In the United States, due to increased gasoline (gas) prices, gas cash back cards or gas rebate credit cards became very popular among consumers. Companies provide an average of 3% APR on new gas credit cards. The main idea behind gasoline discount cards are that cardholders obtain a sure percent of the sum they consume on gasoline each month in the form of a rebate check at the end of the year. It works similarly to a cashback discount recognition card with one noteworthy exception: the gasoline discount is frequently applied each month, whereas most cashback cards ship away discount checks formerly a year. This makes the savings easier to view for most consumers.

Long Term Contract Offers

  • July 2009: Hyundai offered $1.49 a gallon for a year or a consumer is allowed to take $1,000 in cash.
  • May 2008: Chrysler offered $2.99 per gallon for 3 Years.

Fraud and Theft at the Gas Pumps

Due to fraud credit card companies will limit the amount of gasoline a consumer will be able to take at the pump. One of the more famous cases of gas credit card usage was with Anne Pressly, a television anchor woman, who was attacked and then had her credit card used minutes later.

Glitches at the Gas Pumps

Glitches can also compromise consumers such as the case in July 2009, where Josh Muszynski from New Hampshire, got charged $23 quadrillion dollars by Bank of America and Visa due to a credit card glitch.
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