Apply for Gas Card

Why Apply for Gas Card?

There are several viable reasons why people decide to apply for gas card:

• Convenience
• Ease of use
• Some gas cards offer generous discounts to cardholders on fuel purchases
• Many gas cards feature attractive rewards programs
• Companies can use gas cards to control the spending of fleet cardholders
• Parents can control kids' spending at the gas pump

There are also some reasons why some people choose to not apply:

• Generally higher interest rates than traditional credit cards
• Potentially high fees
• Another inquiry on a credit report

Gas cards are best for people who don't mind putting fuel and convenience store purchases on a revolving account that accrues interest if not paid in full each month. Apply for a card that can be used at the gas station you patronize frequently and that will also provide you with a generous fuel discount. If the card also offers a rewards program in addition to the fuel discounts, then you may be able to save quite a bit of money as long as you pay off the balance in full with each statement cycle.

Gas Card Options

Gas cards are offered through many different gas stations and can also be obtained through major credit card issuers.

Gas Cards

Gas companies such as BP and Chevron offer gas cards that are specific to their respective gas stations. This means that the cards are designed to be used at participating stations, which usually fall under the same gas company.

Credit cards for specific gas companies sometimes feature a Visa or MasterCard logo, making it possible to use these cards for purchases anywhere Visa or MasterCards are accepted. Cards featuring these logos often have rewards programs that are greatly increased when the cards are used for fuel purchases at specific stations. Be sure to check the rewards program terms and conditions when deciding on a gas card for which to apply.

Cards Through Major Issuers

All the major credit card companies offer credit cards that are designed to be used specifically for fuel purchases in order for the cardholder to obtain the largest rewards. While these cards can be used in other places, the credit card company offers the biggest rewards when the cardholder makes a gasoline purchase.

These cards are not offered by a specific gasoline company, but instead are products created and offered by the credit card company.

How to Apply

There are many options available to applicants when they decide to apply for gas card:

• Apply online: Applications can be filled out online, either at the gas station website or at the website of a credit card issuer.
• Apply over the telephone: Most gas credit card applications can be completed over the telephone quite quickly.
• Fill out a paper application: You can find paper applications at gas stations at the pump and also inside the station, usually at the counter where the clerk stands.

Applications for gas cards are oftentimes quite simple to fill out. Basic information you will need to fill out with the application include:

• Your name
• Your contact information, such as phone number and address
• Your social security number

Some applications for gas cards delve a little further into the creditworthiness of an applicant by asking about previous bankruptcies and delinquencies as well as inquiring about income.

Rest assured that no matter how brief the gas card application is, it will more than likely result in a review of your credit report by an automated lending program. Each gas card issuer has minimum credit scores for application approval, so if your score falls below the acceptable range you will not receive the gas card.