Fuel costs are simply getting uncontrolled. In Canada, we now have surpassed $2 per litre in lots of components of the nation. What can we do to carry down the fee? As we speak, we are going to go over a number of totally different methods. We’ll begin with some rewards associated methods first. Then get into the non-rewards associated concepts.
Meet Minimal Credit score Card Spending
My favorite method to make use of any of my bank cards is to fulfill minimal spend necessities.
Usually instances, to qualify for the complete enroll promotional bonus, the cardholder must spend a certain quantity. Buying fuel is a good way to fulfill these spending necessities.
One other state of affairs is if you happen to would not have sufficient energetic bills to fulfill the spending requirement in time, you should buy fuel reward playing cards (to fulfill minimal spend necessities) for use at a later date.
Take it a step additional and buy reward playing cards at a reduced worth. For instance, buying a $50 fuel low cost card (i.e. reduces price per litre) for $45.
Promotional Bonus Gas Rewards
Most fuel stations are partnered with a rewards program. Incomes the common rewards is nice, however look ahead to bonus provides for spending a sure amount of cash or filling up as specific amount of litres.
Take it a step additional and diversify your portfolio by incomes rewards with as many various applications as you possibly can deal with. This fashion you possibly can reap the benefits of the totally different out there bonus provides at any given time.
Credit score Card Multiplier Bonuses
Sure bank cards give a better incomes ratio on fuel spending. We just lately wrote a put up on this subject: Prime Credit score Playing cards for Buying Fuel. There are a lot of choices to earn at the least a 4% return on fuel purchases.
Observe Fuel Costs
Relying on the place you reside, there might be traits. For instance, in some locations, fuel costs drop every day in the direction of the tip of the day, earlier than selecting again up in the midst of the night time. In different places, fuel costs drops all through the week earlier than going again up on a sure day of the week (give or take a day or two).
Principally, be taught the traits of the place you reside. Additionally, you should use the fuel monitoring Apps to see who has the most cost effective fuel within the space in the meanwhile that you’re filling up fuel.
Different Fuel Saving Ideas
Apart from maximizing rewards, you possibly can change some driving habits. These concepts should not associated to the theme of this website (i.e. maximizing rewards for Canadians), however only for enjoyable, let’s attempt. These should not meant to be tremendous severe ideas beneath, however something you are able to do can most likely assist:
- Drive fastidiously, keep away from aggressive driving (e.g. random accelerations, rushing, onerous breaking)
- Cut back air-con consumption
- Decrease idling a automotive, scale back the quantity of heat up time
- Decrease the load of the automotive, don’t depart pointless issues within the automotive
- Verify tire stress
- Purchase the most cost effective fuel, as a substitute of filling up premium (except there isn’t any selection as a result of sort of automotive)
- Automobile pool as a lot as doable
- Plan your path to drive extra effectively and to reduce detours (e.g. building zones)
- Use cruise management when doable
- Purchase a extra fuel environment friendly automotive
- Get an electrical automotive as a substitute
Did I miss some other fuel saving methods? Please tell us within the remark part beneath!