If you’re one of those people who only fill their gas tank on payday, you could be throwing money away.
Monday is actually the best day to buy gas because it costs less, and prices begin to rise on Friday through the weekend.
2. Paying With a Debit Card
Swiping a card is the easiest way to pay at the pump, but make sure you use a credit card instead of a debit card.
Money expert Clark Howard always recommends that we pay for gas — and everything else — with a credit card because it carries better consumer protections. The fact is that once you pay with a debit card, it’s much harder to get your money back if there’s a problem.
Read why Clark says you should never pay for anything with a debit card.
3. Using the Wrong Credit Card
If you’re not thinking about which credit card you’re swiping at the pump, you might be missing out on valuable rewards!
The Sam's Club Mastercard, for example, offers 5% cash back on gas anywhere Mastercard is accepted. The Costco Anywhere Visa by Citi offers 4% cash back on gas.
A simpler cash back credit card like the Citi Double Cash can help you earn 2% cash back on everyday purchases. Find out why Clark added this credit card to his wallet recently.
4. Not Using the Type of Fuel Recommended for Your Vehicle
Every vehicle comes with a fuel type recommendation, which is usually included in the owner’s manual. If you don’t follow it, there’s a very real possibility you could be wasting money.
This AAA study says you can save money by skipping the premium gas.
5. Shopping at the Gas Station Food Mart
If you find yourself buying groceries or other items from the gas station food market, you’re most likely paying a higher price than you would if you purchased those same items from a supermarket.
I get it. You may be trying to save time. But the time you save for convenience is what you will surely lose in dollars.
Once you get to the supermarket, here's how you can save on groceries.
6. Not Being a Rewards Member
If you do find yourself continually buying food when you stop for fuel, you may want to join a gas station loyalty program to mitigate the damage to your wallet.
Many gas station rewards programs offer perks not just for fuel but also for purchases you make in their convenience stores.
Want to know more about gas station rewards? These gas loyalty programs can save you money.
7. Not Using a Top-Tier Gas Station
Another money mistake you might not realize you’re making is not using Top-Tier gas in your car. Top-Tier fuel helps extend the life of your vehicle because it has a higher concentration of detergent, which is good for your car.
See if a Top-Tier gas station on this list is near you.
Here at Clark.com, we want you to save money at every opportunity. By making some simple adjustments at the gas station you can keep put more of your money in the bank and less in the tank.
Let’s recap, here are seven money fixes you can make:
- Fill Up on the Right Day
- Never Use a Debit Card
- Use the Right Credit Card
- Use the Recommended Fuel Type
- Don't Grocery Shop at the Food Mart
- Join a Gas Station Rewards Program
- Use a Top-Tier Gas Station
Know of any other money mistakes not to make at the gas station? Let us know in the comments below!
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