You can save 14% when you buy gas!

If you know the smart way to purchase your gas you can save a considerable amount of money. The following strategies could save you 4 percent, 5 percent, 10 percent or even 14 percent of your gas costs.

This method utilizes credit cards that offer rebates on fuel or other gas station purchases. The correct card can substantially lower your cost of gas. You save without having to do any maintenance on your car. This savings method costs nothing at all.

Gas companies still need to compete for your business. They don't compete on price so they have to use other methods. One method used from time to time is credit cards with rebates. The average card will rebate you 10% on your purchases at their stations. Included in those purchases are your purchases for gas. The 10% rebate is usually the first two or three months that you have the card and after that the rebate changes to 5% on your gas purchases thereafter.

For example, a credit card currently being offered that has such a program is a BP card. The BP card will pay 10% on purchases including gas, at their BP branded stations for the first two billing periods. The rate becomes 5% thereafter.

The example just listed are issued for a specific gas company. There are also general market credit cards that will provide you with a discounts off your gas costs.

Many card companies have cards that have rebate amounts for gas. For example: currently Discover Card has a Discover Gas Card. This card will provide you with a rebate of 5 per cent of the gasoline you purchase. This card also provides a 1 per cent rebate on other purchases.

More examples: Chase has a gas Card that will give you a rebate of 6% for gas purchases for the first 60 days and then gives you a 3% rebate. Citicard has a similar program.

Both types of cards, the ones that provide savings only at specific company stores and the general market cards have advantages and disadvantages. The advantage to using a general market card is that you can use the general market card to buy fuel at any station and get the rebate. The card issued by the gas company only pays you the rebate at the gas company's branded gas stations.

On the other hand the gas company credit card will generally pay you a premium of 10 percent or 8 percent for the first 60 days where the general market card may not.

That above strategy will get you a discount of 3 percent up to 10 percent. 3% is good and 10% is even better, but what about getting the savings up to 14%? There is a trick you can utilize to do that.

Many gas stations sell pre paid gas cards or gasoline gift cards. Many times these prepaid cards will offer a discount. In some cases for $48 you can purchase a $50 gas card

That means you pay $48 for the card but the card allows you to buy $50 worth of gas. That is the same as getting a 4% discount. In most cases you must buy these prepaid cards at the gas outlet.

If you purchase the gift or prepaid card with the gas company card during the initial period you are getting a 10% rebate on that purchase.

Remembering that the prepaid card provided a 4% discount, you are adding to your savings by 4%. Now you are compounding your savings!

You are getting a 10% rebate on the prepaid card purchase using the rebate credit card and you are getting a 4% savings by purchasing the prepaid gift card. Therefore the total you are getting is 14%. The 10% savings + the 4% savings or 4+10=14. Now you have just saved yourself 14% on your gas purchase.

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Scott Siegel is the author of a 143 page manual of automotive industry insider information on saving fuel and money at the pump. Visit us to learn how you can Increase fuel economy . Find out how to save fuel and money.
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