Saving on Gasoline is Easier Than you Think

By: Jim DeSantis

It may seem to be a losing fight but we found a simple solution to not only save 5% per gas purchase but also how to save up to 20% on most of the other stuff you buy already. And, not only saving on gas but on your auto maintenance too thanks to credit card rewards!

&bull Using credit cards gas rewards to purchase your gas, can save you hundreds of dollars a year. Just add it up for yourself. How much did you spend on gas last month? Multiply that by 12 months for an average. How much is 5% off? We will save about $400 in the next 12 months using the Discover® Open Road Card. We also use it on groceries because our grocery chain gives us 10-20-cents off a gallon at their pumps for every $50 we spend in groceries and in the pharmacy. We pay at the pump with the Discover Card, get an instant 10-20-cents off per gallon plus another 5% cash back from Discover! Sweet! Eh?

&bull This is not a special credit card. The only difference between the Discover credit card gas rewards card is the cashback part. Plus, as a bonus, the Discover® Open Road Card gives you several ways to get some of your hard earned money back on purchases you likely are already making with those other cards. Shop their exclusive online store and get as much as 20% cashback. I'll bet you didn't know they had an exclusive shopping site offering national brand products.

&bull Look, not using a cashback credit card is like throwing money out the window. The money is better in your pocket, isn't it? If not, email me for my home address and you can send the money to me! I'll donate it to charity.

&bull Remember when gas stations used to charge a lower price for cash versus credit card purchases? That's because of the cost to them of using a card processing service. No more though. I believe they simply raised the cash price to compensate for the cost of credit card processing. So, when someone pays cash, they make the additional profit and maintain their profit margins. It's a win-win for them.

&bull Discover Card also offers my favorite perk - 0% interest for 12 months on new accounts. As you know by reading this blog, we love 0% credit cards. We have not paid interest on a credit card in 12 years now. (Read my article to see what we do.)

&bull Now, watch out for where you get a gas card. We got one at (name witheld) which gives 5-cents a gallon discount when you use their card at their stations. The problem was they sent a bill by mail that had to be paid by mail. That cost 41-cents postage to send them the check. That's 8-gallons savings lost to the Postal Service. So much for their credit card gas reward.

&bull Obviously we recommend the Discover® Open Road Card, as they call it. It has worked everywhere we have travelled.

&bull Another important feature is a $0 fraud liability guarantee! With many other cards, you are liable for the first $50 or $100. If you shop online like I do, this is a major benefit. And, of course, you still get cashback.

They also have the New Discover® Student Clear Card. This card is specially designed for students who need to establish their credit and have a way to float the cost of books, classes, etc.

Look, it costs nothing to apply for these cards. You'll find details at On Line Tribune. (see Author Box below)

You could save a bundle.

Yours for financial success,
Jim DeSantis

Money Management
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