With so many different living cost and bill increases over recent months many households in the UK are struggling to keep on top of their finances, and are teetering on the financial edge. In addition to the tight credit conditions in place resulting from the global credit crunch, we have seen the cost of energy, water, and food rocket. However, one of the most significant increases has been in the cost of something that many of us rely on to go about our daily business – fuel.

The price of filling up your car has soared over recent weeks, and both consumers and businesses have suffered as a result. Of course, there are ways to try and cut back on the cost of fuel, now that filling up your tank has become so tremendously expensive – you could, for example get public transport. However, the cost of petrol for public transport companies has also increased so these costs will invariably be passed on to the consumer wherever applicable. On the other hand you could get fit and cut costs by cycling about your business each day. But if you work far away, need to drive as part of your work, or have kids that you need to ferry around this is hardly a suitable solution either.

Let’s face it, most of us have become totally reliant on our vehicles for one reason or another, and whilst using less polluting means of transport is definitely recommended it is not always possible. Therefore we need to look at other ways of cutting the cost of fuel at this financially volatile time, and one effective way could be through the use of certain credit cards that offer fuel based incentives to cardholder. Whilst the discount with these cards may not look like much they can add up over time, and could end up saving you a small fortune, particularly if you fill your car up often and have to drive a lot.

One of the cards that offers fuel based incentives is the Shell MasterCard, which is provided by Citi. This credit card offers a 3% rebate on purchases of Shell fuel, as well as a 1% rebate on all other purchases made on the card. Cardholders can also enjoy twelve months 0% balance transfer on the card. Another card that offers fuel based discounts is the Asda MasterCard, which enables consumers to get a rebate of 2 pence per litre on fuel purchased from an Asda petrol station. Cardholders will also be able to get 0% balance transfer for nine months.

One industry official said that whilst the amounts may look small they could really help some consumers, stating: ‘Rebates for both cards have to be redeemed in a Shell or Asda petrol station respectively. However, in today’s market, even a small saving can make a big difference, so consumers should be looking for any opportunity to relieve their money pressures.’

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