Applying for a prepaid gas card may have lesser hassle compared to applying for a gas credit card. However, there are a few considerations that you have to keep in mind before initiating a prepaid gas card application. The following can act as your checklist when considering whether to sign up for a gas card which is prepaid in nature.
Rewards and Prizes
Most people sign up for a prepaid gas card to get free gas. However, companies issuing the gas cards offer some other form of rewards and prizes apart from just free gas. They can be car accessories, gift certificates, household appliances and much more.
If your purpose of signing for the card is to get free gas or cheaper gas, inquire whether the card will offer rewards such as discounted gas, gift certificates for gas purchase or even free gas for your next purchase. Do keep in mind also that loyalty will be rewarded as well. Thus, by holding a prepaid gas card for a longer period, the rewards will become very significant.
Gas Purchase Rebates
Some prepaid gas cards offer on the spot gas rebates, which is equivalent to discounted gas. Different stations and different prepaid gas cards may be offering rebates at different rates. However, there might be a fine print on minimum spending before you can qualify of such rebates.
Terms and Conditions
There are some prepaid gas cards which might have terms and conditions that require your attention prior to application. Some cards have requirements such as minimum monthly spending, commitment fees, application fees and whether the card can be used by anyone else.
Not reading the terms and conditions properly might lead to overspending on gas instead of savings. Also, you risk getting your card canceled if you fail to abide their terms and conditions that you have agreed to.
