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Posted Saturday, April 05, 2008 11:30 AM

Money: Don't Get Pumped Dry

Linda Stern
Here’s some grim gastank math: it can cost $56 to fill up a basic sedan at the current average gasoline price of $3.30 a gallon. If prices hit $4 this summer, it would cost $68—or $2,992 a year—for an average 15,000 mile-a-year driver. You can get some of that back if you regularly pay with a credit card that gives you a cash rebate for that purchase, suggests Justin McHenry of index creditcards.com. BP, Shell, Hess and Marathon all offer cards with a 5 percent rebate when you fill up at their stations. The Citi Professional Cash card offers 3 percent back on all stations. And the Chase PerfectCard MasterCard offers a 6 percent rebate for 90 days, then 3 percent. At today’s gas prices, even a small rebate can save you a bundle.
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