Gas credit cards are relatively new to the credit card market, but they are gaining popularity very rapidly. These cards are usually issued by a gas station chain and are meant to be used to purchase gas and other items from convenience stores. They offer a number of benefits to their holders.
To start, many individuals like to use gas credit cards for the rewards that are offered. Because so many people tend to frequent the same stations, they can easily accumulate enough purchases to qualify for such as benefits as discounts on gas, free use of an air pump, and/or free and coupons for items in the convenience store. Since these items rarely go on sale, this can be a good way to save.
Next, many individuals and businesses like to use these costs to track their transportation costs. Because these credit cards send an itemized bill at the end of each month that can be broken out among multiple cards, many businesses issue these cards to their employees who drive company vehicles. This also reduces the need to issue cash every time someone needs to fill a tank.
Finally, a lot of people and businesses use these costs to even out their fuel expenses. People who tend to travel a lot during certain times of the year but not during others can use these cards to just pay a set amount towards gas each month. This makes it a lot easier to budget, and helps people and businesses that are very sensitive to the price of gas.