Gasis among the most popular credit card rewards categories and it should not cometo you as a surprise that most Americans rely on gas-powered cars to get aroundand are always looking for ways that they can save money on gas. Some of thecards that can help you save up for gas are listed below.
Top five credit cards for Gas
Blue Cash Preferred® Card from American Express
Thisis among the best gas rewards credit cards that you can get and you shouldconsider this card if you are looking for a lucrative cash back rewards. Thiscard offers 3% cash back at gas stations in the U.S, there is also 3% cash backat select U.S. department stores and with a 6% cash back at U.S supermarkets onat least $6,000 in purchases each year, then a 1% cash back on other purchases.You will receive the cash back as reward Dollars which can be redeemed as astatement credit when you have a reward balance of $25. The downside is thatthe card is not widely accepted and you will have to pay an annual fee of $95
Costco Anywhere Visa® Card by Citi
This card has agenerous gas benefit with a 4% cash back on the first $7,000 in gas purchaseseach year. The rate also applies to all gas purchases made at all U.S gasstations. You will then earn an unlimited 1% cash back after going above thespending threshold. You are going to earn unlimited 3% cash back from eligiblerestaurant and travel purchases and you will earn unlimited 2% cash back frompurchases made in Costco either in-store or online. You will also earnunlimited 1% cash back but the downside of this card is that you will pay $60annual fee and an annual membership fee that you have to agree to pay beforeyou can get this card.
PenFed Platinum Rewards Visa Signature® Card
Thiscard is another option that you can consider as it offers 5 points per dollarspent on gas purchases. This means that you will earn 1,500 reward points for$300 spent on gas in a month. You will need to have 2,940 points before youwill be able to redeem a $25 gift card. The card also has no annual fee andlow-interest rate for a rewards credit card. You will need to be a PenFedCredit Union member before you can qualify for this card.
Thisis a general purpose cash back credit card which offers 5% cash back onpurchases made which is up to $1,500 in quarterly rotating categories. You willearn 1% cash back with no spending caps or earning limits on other purchasesmade. The card has no annual fee and you can redeem the cash back in directdeposits, statement credits, checks, and buy from the Chase’s Ultimate RewardsPortal. With this card, you will also earn 5% on gas purchases in 3 or moremonths out of the year. The card also has a really good sign up bonus and agreat introductory APR period.
Bank of America® Cash Rewards credit card
This card is a great option for you as you will earn 3% cash back on gas purchases on the first $2,500 in combined grocery, gas purchases, and wholesale club. The card has no annual fee and you may also get a 10% bonus if you redeem your cash back into a Bank of America savings or checking accounts. The downside of the card is that it has spending limits which are associated with the first $2,500 gas purchases that you made each quarter, then you will get 1% on purchases afterward. This means you will need to get another rewards card available when you have reached your maximum.