Save On Gas – Super Easy!
Save On Gas – Super Easy!
Gas is getting expensive. Right now regular gas is selling for $1.31 per litre here in Ontario. ARG! There’s not much we can do about it though, unless we drive south of the border and load up all our jerry cans. We need to drive to our jobs, entertainment, schools or whatever. Unfortunately I don’t drive a Tesla, and while the battery cars are the future. Right now a lot of us still depend on good ol Petro.
The current price for a barrel of oil is 66 bucks usd. In 2008 and 2013 Oil sold for 91 bucks a barrel and yet I don’t think gas prices were this high….. Luckily I don’t live in Vancouver, Montreal or Victoria which tend to have the highest gas prices in Canada though.
Unfortunately we are just getting taxed even more on oil and it will keep going up. This carbon tax is a joke, but we pay for it. By 2022, the price on carbon pollution will mean 11.6 cents added per litreof gasoline, 13.7 cents per litre of diesel, 12.4 cents per litre of aviation gasoline and almost 13 cents per litre of aviation turbo fuel. (according to global news)
Canada has more oil then everyone, besides Venezuela and Saudi Arabia. Yet we pay these crazy rates? How can we save money……
Yes you read that right! Point cards… It sounds crazy and is generally pretty minuscule but its incredibly easy. Every main gas station brand tends to have some type of loyalty card to hope you fill at their pump vs the other competitor. It’s really simple to sign up for them. Grab one at the cashier and go online and fill out the information. Scan the card before you pump your gas and collect points.
The points can be used for a variety of things from lottery tickets to gift cards. Essentially these aren’t free as I’m sure they charge a bit extra in their price at the pumps. The thing is you were paying for it every time you filled up, might as well start getting the perks!
I have a Esso card and have been slowly collecting a nice chunk of points. During the Olympics they tend to have Team Canada gear and I keep eyeing a jersey, but don’t have enough points at the moment. Before we bought our new house Esso was my go to gas station as it was right on my route to work, but now Petro Canada seems to be the most convenient. Which works out great!
Petro Canada aka “Canada’s gas station” as they like to brand it, is a Suncor business with over 1500 retail and wholesale outfits. So there is no shortage of gas stations to collect the points. I recently signed up for the card and got 2,500 bonus points as a perk to signing up. Like Esso they offer a variety of stuff you can get from petro points. But the one kicker for me…….
Savings! They recently started some partnership with royal bank and will give you 3 cents off per liter if you link your debit and credit cards to the petro points. Again its super easy, click the link on petro canada’s website and login to your rbc account and BAM your linked!
Ok so you now save 3 cents a litre every time you use your rbc card what else? You also get 20% more rbc reward points from Petro Canada purchases if you collect some kind of points with rbc. I have a cashback card currently, but my wife wants to look into a travel card. I think she wants to go away?
Linking the accounts, makes it super easy. First of all you don’t even need to scan your petro points cards anymore. If you pay with your rbc card it automatically submits those points. Also I don’t need to get a card for the wife, She pays with a linked credit card so we get the points.
As I stated before, this ain’t no get rich quick scheme. I’ll save about 1.50 a fill up and get some petro points. Between me and my wife we may save 2 bucks a week in gas. (plus the cashback on the credit card) Hey 8 bucks is 8 bucks and its beyond easy! Invest that 8 bucks a month at a 5% return and in 30 years you will have $6,523.01. Not bad!
Which gas loyalty card do you use? Have you linked up to rbc with your petro card?
Have a great day!
Hey I’m Rob, creator of Passive Canadian Income.
In 2011 me and my wife had almost $60,000 in debt and a negative $7,000 Net Worth. Through hard work and financial education we paid all that off. Now we are focusing on increasing our Passive Income Streams to make the money work for us. Feel Free to Follow along the Journey by clicking the Social Media links below or subscribing to get notified of new posts on the sidebar.