When you shouldn’t get a gas rewards card
May 9, 2008 3:12 pm AutosGetting a gas rewards card isn’t always a good idea. For example, if you’ve already got a lot of credit card debt, then it’s probably not a good idea to get another credit card. Think about it – if you’re carrying debt on other cards then it’s probably pretty likely that you’re going to start carrying a balance on your gas card too and once that happens that little rebate you get off your case will easily be offset by the interest rate on the card. That’s how they get you. That’s why credit card companies come up with these great sounding offers for their cards – they know that each new user they sign up is very valuable over the life of the account. I’m not saying don’t get one, just be careful if you decide to do it.