answersLogoWhite

0


Best Answer

Since many people make purchases at a gas stations, it's a way to lure in potential customers, since 99% of us make a purchase there, and want to save money at the same time.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why do credit cards give 5 percent back on gas purchases?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What types of cards are offered by Chase?

Chase offers cash back credit cards, rewards credit cards, travel credit cards and Special Balance Transfer Offer Intro APR on Purchases and Balance


What are considered to be some of the best credit cards for small businesses?

Some of the best credit cards for businesses are The Chase Ink Plus Card and The Simply Cash Business Card. Simply cash offers 5% cash back on office purchases and 5% cash back on wireless phone services. Chase Ink plus cards give money back on office suppy purchases, gas and grocery purchases.


What types of credit cards are offered by Barclays?

Barclays offers 10 different varieties of credit cards, three Visa cards and seven Barclay exclusive cards. The interest rates on these credit cards range from about 19 percent to 30 percent with a couple exceptions and they all have an assumed credit limit of 1,200 pounds. The benefits of each credit card varies. For example, the Barclaycard Simplicity boasts their lowest APR rate at a mere 7.9 percent whereas the Barclaycard Cashback card, while having a higher interest rate, offers cash back on purchases made using the card.


Are the interest rates for student credit cards the same as cards for non students?

No, students are able to find specific credit cards with lower interest rates. These credit cards will also offer incentives related to you, such as: textbook protection, cash back of school purchases.


What are the advantages of a debit or credit card?

There are many advantages to using credit and debit cards. Many cards offer rewards such as cash back, air miles and points toward free gifts. In the case of credit cards, they offer the ability to pay for purchases over time. Debit cards, which are linked to a checking account, allow people to pay for their purchases without using checks or cash.HistoryThe use of credit cards in the United States started in the 1920s. However, credit cards were used in Europe dating back to 1890. Debit cards became popular in most countries starting in the 1980s, though they are still rarely used in Japan.TypesThe major types of both credit and debit cards are MasterCard and Visa. There are also Discover and American Express general purpose credit cards. Gas companies and department stores also frequently issue cards to be specifically used at their businesses.ConsiderationsWhile a credit card is advantageous because purchases can typically be paid back over time, it is important to consider how much extra debt can be comfortably carried in a household budget. Interest rates, which can exceed 20 percent per year, tend to create significant debt depending on how much the consumer spends on credit-card purchases. Credit cards must be paid each month to keep the account active and maintain a positive credit standing.BenefitsA debit or credit card is usually protected against unauthorized purchases in the event of loss or theft.FeaturesSome credit and debit cards also come with the ability to create unique card numbers for online purchases. This is a security measure to help prevent your card number from being hacked.

Related questions

What types of cards are offered by Chase?

Chase offers cash back credit cards, rewards credit cards, travel credit cards and Special Balance Transfer Offer Intro APR on Purchases and Balance


What kind of rebates are offered for credit card use?

Most credit cards offer some kind of rebate. Among the most common would be a % of cash back to airline miles. A variety of cards offer cash back on gas purchases and grocery purchases.


What are considered to be some of the best credit cards for small businesses?

Some of the best credit cards for businesses are The Chase Ink Plus Card and The Simply Cash Business Card. Simply cash offers 5% cash back on office purchases and 5% cash back on wireless phone services. Chase Ink plus cards give money back on office suppy purchases, gas and grocery purchases.


What types of credit cards are offered by Barclays?

Barclays offers 10 different varieties of credit cards, three Visa cards and seven Barclay exclusive cards. The interest rates on these credit cards range from about 19 percent to 30 percent with a couple exceptions and they all have an assumed credit limit of 1,200 pounds. The benefits of each credit card varies. For example, the Barclaycard Simplicity boasts their lowest APR rate at a mere 7.9 percent whereas the Barclaycard Cashback card, while having a higher interest rate, offers cash back on purchases made using the card.


Are the interest rates for student credit cards the same as cards for non students?

No, students are able to find specific credit cards with lower interest rates. These credit cards will also offer incentives related to you, such as: textbook protection, cash back of school purchases.


What are the advantages of a debit or credit card?

There are many advantages to using credit and debit cards. Many cards offer rewards such as cash back, air miles and points toward free gifts. In the case of credit cards, they offer the ability to pay for purchases over time. Debit cards, which are linked to a checking account, allow people to pay for their purchases without using checks or cash.HistoryThe use of credit cards in the United States started in the 1920s. However, credit cards were used in Europe dating back to 1890. Debit cards became popular in most countries starting in the 1980s, though they are still rarely used in Japan.TypesThe major types of both credit and debit cards are MasterCard and Visa. There are also Discover and American Express general purpose credit cards. Gas companies and department stores also frequently issue cards to be specifically used at their businesses.ConsiderationsWhile a credit card is advantageous because purchases can typically be paid back over time, it is important to consider how much extra debt can be comfortably carried in a household budget. Interest rates, which can exceed 20 percent per year, tend to create significant debt depending on how much the consumer spends on credit-card purchases. Credit cards must be paid each month to keep the account active and maintain a positive credit standing.BenefitsA debit or credit card is usually protected against unauthorized purchases in the event of loss or theft.FeaturesSome credit and debit cards also come with the ability to create unique card numbers for online purchases. This is a security measure to help prevent your card number from being hacked.


What are the advantages of using Advanta credit cards?

Some of the advantages of using Advanta credit cards are: no maximum credit card limit, a fixed APR of 2.99 percent for life, as well as 6 percent cash back.


Which credit cards have the best rewards for someone who travels?

Many credit cards exist nowadays, as a result of the numerous different banks. Some credit cards that have a good reward plan is the ones from Discover, they offer up to 10% cash back on travel purchases.


I already have a checking account. What are your credit card options Do you have one with cash back?

American Express has a great credit card that gives 5 percent cash back on purchases.


What rewards are available for Chase credit cards?

The Chase credit card offers different types of rewards for using their credit card including points, gift cards and 5% cash back on purchases that are made while using the Chase credit card.


What are the benefits of having a cash back credit card?

There are many benefits to having a cash back credit card because mainly, you get cash back through making purchases with your credit cards. The APR rates are about the same, but they are better to have than regular credit cards because they save you money and have low interest rates too.


What makes chase credit cards any better than american express credit cards?

Chase credit cards offer a lot of cash back incentives when you use them to charge items. Sometimes, the cards offer one percent cash back depending on what you sign up for.