| There are many cash back rebate
credit cards out there that pay you 5% back (at least for a
while) on your gas purchases. There is a way you can turn that
5% card into a 30 percent card by using a simple strategy.
First step is to get a cash back rebate gas card. There are
many that you can find. Some are issued by the gas station
companies themselves and others are by the big bands. You
can find them easily by searching for gas rebate credit card
or cash back gas credit card in Google.
As I mentioned you will find two types, those issued by gas
companies like Shell or Exxon and those issued by banks or
financial companies like Chase or Discover. Usually you will
find that the gas company cards will have higher rebate amounts
for longer periods than the cards issued by banks.
When you have your cash back or rebate card then it is time
to implement the other part of the strategy. The strategy
consists of combining two different rebate offers to create
a larger one. To do this we will use a customer loyalty rebate.
A customer loyalty rebate, is a rebate program that pays
you for staying a regular customer of the gas company that
you designate. For example, if you pick Exxon, then you will
be rewarded for doing all your gas shopping at Exxon.
You will have to pick one brand or one gas company so you
want to use the same gas company you have a rebate card from
if you have a gas company issued card. If you have an Exxon
credit card, then you want to use Exxon for the customer loyalty
rebate.
The customer loyalty rebate works like this. You register
with the rebate company and tell them the gas company you
will be using. Then you save your gas purchase receipts each
month. When you accumulate £100 in receipts you will
send them into the rebate company. Soon you will get back
a £25 prepaid Visa Card.
You spend £100 on gas and get back £25 from the
rebate company. That is a 25 percent rebate. Now, if you paid
for the gas purchases with your rebate gas credit card, you
will be getting your 5 percent rebate for that.
You are getting a 25 percent rebate from the customer loyalty
rebate program and you are getting a 5 percent rebate from
the credit card. That means that you are effectively giving
yourself a 30 percent cash back rebate by combining the two
programs. That is how you turn a 5 percent rebate program
into a 30 percent rebate program.
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