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Gas rebates of up to 10% with certain credit cards

Posted by Paul Makishima, Globe Assistant Sunday Editor  May 19, 2008 10:06 AM

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OK, travelers, this isn't for everyone, but dealnews has a list of a five credit card companies that are currently offering rebates of as much as 10 percent on gas purchases.
This is what it could mean to you: I just stopped for gas on the way to work and paid about $3.75 a gallon, which is a little lower than AAA's latest Boston area figure of $3.775. If I got a 10 percent rebate, that would be about 38 cents per gallon, which would mean I was actually paying $3.37 and if it was a 5 percent rebate about $3.56 -- both of which are prices that you would jump at right now.
All of these credit cards promise no annual fee. But the APRs are not tiny so if you were not disciplined about paying every month you would wipe out any potential savings -- and then some .Think the credit card companies know this?
(FYI: Boston.com keeps track of the lowest prices in your area and for this you don't need to worry about APRs. )
Anyway, for the right people -- and you know who you are -- this could be a good deal.
Thanks to The Consumerist for this tip.

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1 comments so far...
  1. It sound too good to be true.
    What's the hitch?
    What kind of disclaimers are in the fine print?

    Posted by easyrider1969 May 19, 08 01:54 PM
 
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