6 best gas reward credit cards you need to know
Gas has been a major budget category for many households. Most of the citizens in our country rely on gas-powered cars to get around. Hence, we are always searching for ways to get money on gas. General-purpose credit cards provide cash back rewards at gas station purchases while other cards provide cash back on gas refueling.
Now, this does not mean your rewards are only valid for future gas purchases. These best gas reward credit cards let you rake in points, which you can use for other purchases. Here are some of the best gas reward credit cards that you can consider if you use the car for daily commute.
This credit card lets you earn $150 as a cashback bonus when you make a $500 purchase. There is no annual fee while the transaction fee is flat 3%. It offers an introductory APR of 0% and a balance transfer APR for 15 months. The Chase Freedom® credit card pays 5% on your gas purchases every three months. Other benefits include protection insurance covers on all purchases made with Chase Freedom® card for up to 120 days with a $500 claim limit.
Blue Cash Preferred® Card from American Express
This is one of the best gas reward credit cards that offer 3% unlimited cashback on purchases on gas stations across the country without any spending caps. The card also allows you to earn 1% on all non-supermarket and non-gas purchases. However, it does incur $95 as an annual fee. It also offers a host of fringe benefits cardholder-only events and returns protection which compensates its user for up to $300 per item for returns that are rejected by merchants.
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Although a general-purpose rewards credit card, it offers 5% cash back and on purchases of up to $1500 on all purchases on a quarterly basis. It also offers gas station purchases rebates at least one quarter every year and sometimes more based on your credit history. Some perks include Freeze It feature that turns off account features such as cash advances with a single click.
PenFed Platinum Cash Rewards Plus Visa® Card
Short for Pentagon Federal Credit Union, the PenFed Platinum Cash Rewards Plus Visa® Card offers one of the most generous gas benefits around. There are no annual fee earnings, and the cash is automatically awarded each month. It offers $100 when you spend at least $1500 in the first 90 days. There are no cash advances, foreign transaction. Late payments cost around $10 to $25 depending on the balance size. The card membership entitles you for $100,000 in travel protection insurance.
Citi ThankYou® Premier Card
One of the best gas reward credit cards, this card offers great gas benefits. Users can earn up to three points per $1 spent on all purchases across the country. More importantly, it also offers three points on gas purchases. With no foreign transaction fees. The users pay $95 as annual fee which is waived in the first year. With no intro APR, the Citi® Private Pass® program offers early sales for concerts, VIP access, Sports events and other entertainment. It has personalized concierge services including 24/7 travel and event booking.
Sunoco Rewards Credit Card
This gas reward credit card is one of the best as it offers powerful gas rewards like $0.05 off per gallon of gas purchase. There is no annual fee or foreign transaction fee and cash advance fee is greater of $10 or 5%
Before you apply for a gas credit card application, make sure you use it to earn maximum points to purchase fuel at discounted rates. Consider pairing your gas card with a general credit card to have a wider range of rewards.