Gas-shortage price hikes: Put cash back in your pocket with these cards

While the Gulf Coast reels from Hurricane Harvey’s devastation, people throughout Texas are dealing with a more everyday challenge — gas shortages and price hikes. Fueled by supply issues and consumer panic, the shortages are leading to shut-down pumps and higher prices per gallon.

Experts are advising drivers to conserve gas and not fill up their tanks in a panic. But if you must fill up ASAP and weren’t expecting the price-bump in your budget, these cards will take some of the pain out of paying extra. If you have any of them in your wallet, now is the time to use them.

Cards with gas as a bonus category

Plenty of cards offer fuel-station purchases as a bonus category, meaning you’ll earn extra cash back or points when you fill up. While the rebate won’t be immediate, you can at least use your rewards to defray another cost down the line.

Cards with immediate rebates

Cash back to use later doesn’t do you much good if you’re having trouble paying for gas at the pump. Some cards can give you an instant discount.

  • The IHG Rewards Club Select card has a partnership with Shell that can get you up to a 7-cent discount per gallon. It’s not much, but it may help.
  • If you participate in the Plenti program or have its affiliated credit card, the points you’ve earned are instantly redeemable at the pump at Exxon or Mobil stations. You just need to enter your Plenti number or linked phone number at the pump to have your points applied toward your gas bill.

Station-specific cards

Plenty of gas-station chains have affiliated cards that get you rebates or discounts on gas. Read more about these co-branded cards here.

Experts are saying the fuel shortages will be short-lived (compared to the disastrous long-term effects of Harvey) and will only be worsened by fueling up unnecessarily. But gas is a necessary expense for many — and lots of Texans will be hitting the road for Labor Day weekend. So, if you need to save some money while fuel prices are elevated, rebates and extra rewards can help.

Want to donate your rewards toward the hurricane relief efforts? Learn how here.

Written Sept. 1, 2017

 
Comments
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

No comments yet.