Interest in rewards credit cards rising

Your Money


Consumers who have felt the pinch of high gas prices are turning to gas-reward credit cards to save at the pump.

Credit card companies are seeing increased interest in their reward programs, particularly those for fuel reimbursement.

Reward cards are credit cards where you earn either rebates or points for purchases. Reward programs are offered by major credit card companies and can be used anywhere.

Potential rewards include airline tickets, merchandise or fuel reimbursement, car rebates, cash back, investments or even contributions to a college-savings plan.

However, reward cards typically have an annual percentage interest rate about 4 percentage points higher than other cards - about 14 to 16 percent.

Visit, credit or creditcare to search for and compare available credit cards.

Baltimore Sun Articles
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.