Rising gas prices are affecting everyone across the country. Even if you don’t drive very often, high fuel costs are causing price increases for food and other commodities. Even though gas prices are affecting many aspects of our economy, anyone can save money on gas if they shop smartly. One of the best ways to do that is with a gas or cash rewards credit card.
Several of these cards will earn you 3-5% cash back on gas purchases. With gas prices approaching $4 per gallon in much of the US, that equals a savings of $0.12-0.20 per gallon, or several dollars per fill up. Most of these cards also offer additional cash back on other purchases as well, including grocery stores, restaurants, travel, and more. Using these gas rewards cards can easily save many people several hundred dollars per year.
Featured Gas Credit Cards
Discover it® – While not strictly a gas rewards card, the new Discover it® card is one of the best cash back credit cards, and is flexible for a variety of spending needs. The new Discover it® card features 5% cash back in select categories that change each quarter, and 1% cash back on all other purchases. For example, you can earn 5% cash back for online shopping and department store purchases on up to $1,500 – Oct. through Dec. 2014 when you sign up*. 1% cash back on all other purchases. There is No annual fee, no late fee for your first late payment – APR won’t go up for paying late, no overlimit fee and no foreign transaction fee.* This card features a 0% intro APR on purchases & balance transfers for 14 months – then a variable purchase APR applies, currently 10.99% – 22.99%. A 3% fee applies to each transferred balance. Over 5,000 cardmembers rated 4.8 out of 5 stars* and now Discover “Ranked Highest in Customer Satisfaction with Credit Card Companies in a Tie” by J.D. Power*. Cardmembers receive a Free FICO® Credit Score online and on monthly statements*. Each Discover purchase is monitored. If it’s unusual, you’re alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases. Cardmembers receive 100% U.S.- based customer service-anytime, day and night. *See rates, rewards, free FICO® Credit Score terms and other info by clicking “Apply.” Apply Now.
The Blue Cash Preferred® Card from American Express our choice for the top gas rewards credit card. It offers a simple rewards program – Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% other purchases. Terms and limitations apply. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. To top it off, you can also get 100 Reward Dollars, redeemable for a $100 statement credit, after you make $1,000 in purchases with your new Card in the first three months. Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period. As an Amazon Prime member, you get unlimited Free Two-Day Shipping on millions of items. This card features a 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors. There is a $75 annual fee, which you can easily earn back through regular use. Everything after that is icing on the cake. Terms and Restrictions Apply. Click to open and account or learn more: Blue Cash Preferred® Card from American Express.
TrueEarnings® Card from Costco and American Express. The TrueEarnings® Card from Costco and American Express offers 3% Cash back at US gas stations and on gasoline at Costco up to $4,000 per year in purchases, then 1%. It also offers 2% cash back at US restaurants; 2% cash back on eligible travel purchases, including at Costco; 1% cash back on other purchases, including at Costco. Terms and limitations apply; You will receive your cash back annually in the form of a reward coupon. The Two-In-One Card: it’s an American Express® Card and Costco membership card, with no annual fee for Costco members. Terms and restrictions apply.
Blue Cash Everyday® Card from American Express. American Express just made a good thing better. This version makes it easier for low to moderate spenders to enjoy solid rewards. This card offers the ability to Earn Cash Back: 3% at US supermarkets, up to $6,000 per year in purchases, 2% at US gas stations & select US dept stores, 1% on other purchases. Terms and limitations apply. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Right now, new cardmembers can get 50 Reward Dollars, redeemable for a $50 statement credit, after you make $1,000 in purchases with your new Card in the first three months. Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period. As an Amazon Prime member, you get unlimited Free Two-Day Shipping on millions of items. Finally, there is a 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors. Terms and Restrictions Apply. Click to open and account or learn more: Blue Cash Everyday® Card from American Express.
Store brand cards and credit unions. There are dozens of store brand cards available that offer cash back or discounts, but I didn’t list those here. Some of them only offer $.05 off per gallon which is just over 1%, and very few of them can be used at locations other than gas stations, and usually don’t offer cash back if they can be used elsewhere. you may also be able to find a great deal with your credit union if you belong to one. Be sure to shop around.
Credit cards are great tools when used correctly. I pay my credit card bill monthly and I enjoy the cash back rewards programs credit cards companies have to offer. Use your cards responsibly, and reap the benefits.
Do you know of any better deals?
Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.
* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the “Apply Now” button, you can review the credit card terms and conditions on the issuer’s website.
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Advertising Disclosure: This page contains advertisements. This page does not include all available credit card offers from all advertisers (that would be literally hundreds, if not thousands of credit cards). This credit card review was not reviewed by, endorsed, or approved by Citi or any other credit card issuer. All opinions, reviews, and recommendations reflect the author’s honest opinions, beliefs, and experiences.