Recent Gas Rewards Credit Card Articles
Cash Back
Credit Cards: Gas Rebate Cards Can Save You Money at the Pump
Many people are
only familiar with the gas credit cards offered at the gas
station, such as those issued by
Exxon Mobile,
Sunoco,
Conoco Phillips,
Chevron Texaco or
Shell. These credit cards are tied to one specific gas station
and often charge very high interest rates. However, individuals
looking to save money on gas should look no further
than the wide range of low interest gas cash back credit cards
currently available online. These credit cards offer the
flexibility of choosing which gas station to use, as well as
anywhere from 3% to 10% cash back on all gas station purchases.
Currently, the
Chase Perfectcard offers a full 6% rebate on all gas purchases made during the first
90 days you have your card, followed by 3% thereafter and 1% cash
back on all other purchases. With a gas price of $3.00 per
gallon, this card would save you $0.18 per gallon. Over the
course of three months, this 6% rebate can add up to substantial
savings.
The Discover®
Gas Card is another high cash back yielding credit card
that offers a full 5% cash back on gas with no time
expiration. With savings of around $0.15 per gallon all year
long at stations of your choosing, this gas credit card can save
heavy commuters hundreds of dollars a year in gas.
Additionally, the Discover® Platinum Gas Card offers a 0% intro
rate on purchases for up to 1 year, which can ease the cost of
charging gas instead of paying for it immediately.
Now, aside from
these general gas rewards credit cards, there are gas station specific cash back credit cards
that offer even more savings. The BP Visa from Chase offers a
full 10% cash back on gas for the first 90 days of card membership,
followed by a 5% refund on gas purchases thereafter. With this
card’s attractive initial 10% cash back rate, consumers can save
$0.30 or more per gallon on gas.
Overall,
consumers may find that a cash back credit card such as the
Discover® Platinum Gas Card may provide the best overall value,
as it allows them to save 5% on not only gas, but offers a long
term 0% intro rate as well. However, for individuals looking to save the most on gas in
the short term, the BP Visa from Chase offers very appealing
savings. Lastly, those who want the flexibility of choosing which
gas station they use may find the best value with the Chase Perfectcard.
In addition to
the cards discussed here, there are a number of other gas rebate
credit cards that offer cashback on not only gas, but other
purchases as well.
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