Is it better to pay for gas with cash or credit card?

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leev18
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Is it better to pay for gas with cash or credit card?

Postby leev18 » Mon Aug 12, 2013 10:45 pm

For building up credit score/history purposes, would you use a credit card to pay for car gas knowingly that they'll charge about ten cents per gallon more? Or would you use Cash instead?

Mod Response: Even if the station charges a premium, if you have a good gas rewards card you can still come out ahead. Think about it... earning 5% on $4 gas = 20 cents per gallon rebate with a credit card.
Go here to compare the top gas cards of 2013


MemberSince99
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Postby MemberSince99 » Tue Aug 13, 2013 12:20 pm

Not sure where you go but around here it doesn't matter how you pay - you pay the same with cash or credit.

If it was a case where I had to pay more, I'd still use the credit card. Why? Because using cash, you have to carry a boatload around on you since they want you to drop 100 bucks in there with them to turn the pump on. After you do that, you go fill your vehicle, then you have to go back in and wait to get your change back.

It's honestly a PITA that way. And I don't much care for the idea of walking into gas station/convenience stores laying down a wad of cash like that anyway.

Since you asked that's what I would do.

Daniel
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Postby Daniel » Tue Aug 13, 2013 1:17 pm

leev18 wrote:For building up credit score/history purposes, would you use a credit card to pay for car gas knowingly that they'll charge about ten cents per gallon more? Or would you use Cash instead?


There are a number of gas stations near me that have a similar offer. The way to decide is really simple.

Is Gas a 5%, 3%, 2% category?
If No, Cash.
If Yes, Is 5%/3%/2% of the per gallon price less than the 5/10 cents per gallon they offer off the price?
If Yes, Card, If No, Cash.

In my area, $4.00-$4.30 is pretty standard, so a 10 cent discount is only 2.5%. Essentially, I need a 3% or better back to beat the cash offer.

xbillyjean42x
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Postby xbillyjean42x » Tue Aug 13, 2013 1:29 pm

i usually throw 20 bucks into my tank when i get to that 1/4th line throughout the week. it helps me spend less. i only really fill it up on pay days or when im traveling(i'll use credit for gas when traveling so i can have cash on hand. im a big cash/debit spender). but being that i have low credit lines, my utilization will go quick so i try not to touch the gas on my credit cards just in case something happens and i can't pay. maybe when my credit lines increase, i'll use gas on my cards. other than that, good ol' regular monthly reoccurring payments will have to suffice lol.
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JSS3
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Postby JSS3 » Tue Aug 13, 2013 1:37 pm

leev18 wrote:For building up credit score/history purposes, would you use a credit card to pay for car gas knowingly that they'll charge about ten cents per gallon more? Or would you use Cash instead?

If you want to build up credit history, the only way to do so is to use a credit card. Not cash.
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takeshi
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Postby takeshi » Tue Aug 13, 2013 2:45 pm

leev18 wrote:For building up credit score/history purposes

Definitely credit. Cash is irrelevant for building up credit score/history purposes.

leev18 wrote:would you use a credit card to pay for car gas knowingly that they'll charge about ten cents per gallon more? Or would you use Cash instead?

I use a credit card no matter what for gas and it's not for credit building purposes.

dickey1331
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Postby dickey1331 » Tue Aug 13, 2013 5:02 pm

I dont use gas stations that charge extra for using a credit card. There are a few here in the Gautier area but they arent even the cheapest around.
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kelvSYC
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Postby kelvSYC » Tue Aug 13, 2013 8:24 pm

Where I come from, keeping a big paper trail is important, and cash implies you forfeit the paper trail part. Therefore, credit always. Even if you have to pay more for credit (which is illegal where I come from, but still...).
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Calipso
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Postby Calipso » Wed Aug 14, 2013 2:49 pm

I go to gas stations that DON'T charge me more to use credit.

Therefore, I use credit. I almost never use cash anywhere.
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beef.stu
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Postby beef.stu » Wed Aug 14, 2013 3:01 pm

I also dont support gas stations that charge more for credit users. The cash back I get usually offsets the difference anyway so I would use credit over cash every time.
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