SALT LAKE CITY — You’ve probably seen the ads; save at the pump with this-or-that credit card. Sometimes, those gas rewards actually work.
“Using the right card can save you about 5% to 6% on gas, saving you hundreds of dollars,” Chip Lupo of WalletHub said.
But not so fast.
Many gas stations in Utah charge more for you to pay with a credit card than with cash. So, you’re not going to get the full savings benefit when the credit card surcharge negates the cashback rewards.
“The way to save money might just be to stick a couple 20s in your pocket?” I asked Lupo.
“In a lot of cases, you can do that,” he replied.
Carrying a balance on your credit card can also wipe away the benefits of its cashback gas rewards.
“If you’re going to go that…
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