Gasoline Credit Cards: What You Need to Know
(ContentDesk) June 12, 2006 -- Soaring gas prices predicted to remain in the high range throughout the year have forced consumers to find their own remedies to ease the pain at the pump. Credit cards that offer cash back are becoming increasingly popular with consumers who are searching for savvy ways to save a couple of bucks at the pump. Last year alone, credit card companies mailed out about 14 million gasoline credit card offers, an increase of about 100% when compared to the year before. This vast interest in cash back programs has credit card companies in a competition frenzy with some competitors offering as high as 10% cash back on gas purchases during the introductory period.How Gasoline Cards WorkBasically, there are two types of gasoline credit cards with cash back programs. Firstly, there are credit cards offered by major oil companies like Exxon-Mobil, Chevron, Hess and Shell who offer cash back bonuses each time you pump gas in one of their stations.
The catch is, even though you can use this card in any gas station of your choice, you will only receive cash back bonuses on gas purchased from their own stations.
The second type of gasoline credit cards are usually issued by major financial institutions and credit card companies. All major credit card companies such as Visa, MasterCard, American Express and Discover offer cash back credit cards with varying percentages of cash back bonuses. These cards offer customers the flexibility of choosing any gas station of their preference while still receiving the cash back bonuses. In addition to gasoline rebates, these cards usually offer limited cash back on everyday purchases as well.For instance, both Discover and Citi Bank recently introduced their own versions of gasoline credit cards with 5 % cash back on all gasoline purchases and 1% cash back on all other purchases.
So, lets assume on average you spend $40 a week on gas and another $50 on other everyday expenses. At the end of the month, you will get $10 cash back on all your purchases. So, Whats the Catch?We have looked at the positive aspects of gasoline credit cards and so far it has been an attractive choice. Now, lets look at some of the negative features associated with gasoline credit cards. First of all, to qualify for cash back bonus programs you need to have good credit.
Since a majority of Americans falls under poor to average credit ratings, most of them will not get qualified. Even if they do qualify, they will only be eligible under a high interest rate, which will eventually consume any cash back savings.Secondly, you must pay off your monthly balance in full in order to reap the savings. This obviously makes sense, as it would be irrational to pay 18% in interest charges while saving 5% on gasoline purchases. So if you are one of the millions of Americans who are unable to pay off the balance in full each month, this type of card is not for you.Thirdly, you must be aware of the cash back limits before you sign up for a gasoline credit card. All credit cards carry some sort of a cap on how much cash back you can earn during the year.
Most credit cards allow clients cash back bonuses for up to $300-$600 per year.Finally, keep an eye on your cash back bonuses if you have not yet redeemed the savings. Some cash back credit cards allow clients a period of 6-12 months to redeem their bonuses. After this period, the savings will expire and the customers will not be able to claim it. CreditGUARD of America is a non-profit credit counseling agency that assists consumers through debt counseling and financial education. Please visit our web site at www.creditguard.org or call 1-800-867-0406 for a free consultation with a certified credit counselor..
Fall Seminar in New York Responds to Public Demand for Palliative Care
Responding to the growing demand for palliative care, the Center to Advance Palliative Care (CAPC) is hosting a fall seminar for healthcare professionals who want to establish or strengthen palliative care programs in hospitals. The Seminar, "Building Palliative Care Programs in Hospitals: Tools and Strategies for Success" will be held at the Westin Times Square in New York on October 25-27, 2004.
Palliative care is medical care focused on the relief of suffering and support for best possible quality of life for patients facing serious illness and their families.Dr. Diane E. Meier, Executive Director of The Center to Advance Palliative Care said, "Recent reports indicate that the number of palliative care programs across the country has risen 90% in less than five years.
In response to increased public and professional demand for palliative care, we feel the time is right to educate and train additional healthcare professionals on how to start and sustain a quality palliative...
Fall Seminar in New York Responds to Public Demand for Palliative Care
Cash advance > Fall Seminar in New York Responds to Public Demand for Palliative Care
Which Credit Card To Apply For? - Tips To Help You Choose
Copyright 2006 Edward Vegliante
So many different choices for credit cards: 0% APR credit cards, travel rewards credit cards, 0% balance transfer credit cards, and cash back credit cards. Selecting the right card for the way you use your credit card can mean a big difference in your pocketbook. Use this quick guide to help you spot the differences in your credit card offers:
*Will you carry a balance every month or almost every month? If so, a lower interest rate is better for you. If you transfer a high balance credit card to a lower or 0% APR credit card (often an introductory period), you will save even more.
*Will you be paying the credit card balance off every month? Then you will want to apply for a credit card without an annual fee. Finance charges may be higher, but since you pay the balance off every month, you won't be charged.
Look for credit cards that offer grace periods, usually between 25 to 30 days, before credit interest...
Which Credit Card To Apply For? - Tips To Help You Choose
Cash advance > Which Credit Card To Apply For? - Tips To Help You Choose
Read and Understand Your Credit Card Statement
Have you ever looked at your credit card statement and ended up just scratching your head in frustration? Well join the club! But don't take any comfort in the fact that you have plenty of company, because lack of knowledge can cost you?.right on your credit report, and once there can stay with you a while.Adding to the challenge is that almost every creditor's statement is slightly different, varying in format and billing cycle and interest calculations. You first want to check what you purchased and what you borrowed, so make sure you save all your receipts to make sure you weren't charged for something you didn't buy or were double billed. Immediately dispute any discrepancies via phone and in writing.Next you'll want to verify the interest rates being applied for each type of purchase. Remember, cash advances almost always carry a higher interest than normal purchases and interest usually accrues from the date you received the money. Also, if you have any balance transfers with introductory...
Read and Understand Your Credit Card Statement
Cash advance > Read and Understand Your Credit Card Statement
Expense Report Approval
An expense report is the statement listing all the travel expenses of an employee owing to a business visit or pleasure visit. The employee has to fill up the standard expense report of his employer either online or manually and submit it to the authorized Approval Department within a specified time period for claiming reimbursement. The employee has to furnish the signature of the authorized person who has approved his visit. He/she needs to submit all the vouchers and bills of his expenses during his travel like air/train fare, hotel accommodations, transportation expenses, food expenditures and others. It is the responsibility of the employee to obtain the prior approval for his visit from the appropriate authority.
The appropriate authority differs from organization to organization, and it will be decided by organization's structure. The approval authority may sometimes be the immediate boss or departmental budget officer.
Once the employee gets the approval from...
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