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Best Gas Credit Cards
By Mr Ethanol | October 3, 2008
Bankaholic:
Gas credit cards are a great way to save energy and money at the fuel pump. Gas rebate cards usually pay 3% to 5% cashback rewards on gas, depending on the bank that issues the card. Your cash back savings are added up until you obtain about $50 credits. At that point, you can request a check from your credit card company for a rebate.
Top 5 Gas Rebate Cards
Bankaholic has surveyed the banking industry down the list to find you the top 5 gas credit cards that have cash-back rebate rewards.
Discover Open Road
The Discover Open Road Gas Credit Card also pays 5% back on all fuel purchases. In addition, automotive purchases receive 5% cashback as well. This is a good card if you buy a lot of automotive parts because none of the other credit cards have this benefit! This gas credit card also pays 1% back on all other purchases, so its a nice card to have around for general purchases.
Chase BP Visa® Card
The Chase BP Visa® Card offers 5% rebates on BP gas, 2% rebates on restaurant and travel, and 1% back on everything else. Even better, BP is running a credit card offer where you can get double the rewards during the first two billing cycles (first 60 days). This translates to 10% rebates on gas and 4% cash back on restaurants and travel purchases like plane tickets, hotel reservations, and car rentals.
Chase Freedom(SM) Credit Card
The Chase Freedom(SM) Credit Card is a great all-around cash back credit card. It pays 3% cash back on your top 3 spending categories (ie, gas, utility bills, restaurants), and 1% back everywhere else. In addition, apply now and get a $50 bonus after your first purchase!
SimplyCash® Business Card from American Express
The SimplyCash® Business Card from American Express pays 3% back on all purchases at gas stations. Here in Southern California, there is no problem finding large gas stations that accept American Express, like Chevron, Texaco, Shell Gas, and Mobil-Exxon. All of these gas fuel stations accept American Express and you get 3% back on gasoline!
With fuel prices well over $4.00 all over the country, gas credit cards can save you a good deal of cash over the long run. Save money at the pump by paying with your plastic instead of cash. Rebates range from 3% to even 10%!
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