Best Gas Credit Cards to Save You Money at the Pump
April 26, 2008
Gas credit cards can earn you rebates or cashback to help save money on your gas bill. We’ve recently looked at ways to make more money during bad economic times but the other side of the accounting equation is obviously to spend less money.
With high gas prices continuing to climb, saving money on gas is important to many of us and gas discount cards can help reduce the bill a little. There are many options to choose from; before you apply for a gas rewards card, be aware the features such as reward limits, introductory rates, and rewards earned can vary from card to card. To help you find a good gas card we’ve put together a review of some of the top gas credit cards:
American Express Blue Cash Card
American Express’s Blue Cash card gives you 3% cash back on gas purchases with the Preferred version of the card. It also gives 3% back at department stores, and 6% on supermarkets. The Blue Cash card no longer has a tiered rewards program, so you earn higher cash rebates in these everyday categories starting with the first dollar you spend.
This is one of my favorite rewards cards since we put almost everything on our card and far exceed the $6500 in spending. The Blue Cash card is also offering a 0 % introductory offer on purchases and has no annual fee.
You can earn 6% rebates on all gas purchases at any gas Station for the first 90 days and then 3% rebates afterwards. You earn 1% rebates on all other purchases made anywhere else and there is no annual fee.
True Earnings from American Express
The True Earnings Card from American Express and Costco earns you 3% cashback on gas purchases. You can also get 3% cash back at restaurants and 2% on travel; but unfortunately you need to be a Costco member to have a True Earnings card.
If you already have a Costco membership then True Earnings is a good card but if you’re not, does it make sense to become a member simply to get the card? It really depends on what you would buy at Costco and if the savings would make up for the annual membership fee.
In the past American Express has run True Earnings promotions to help offset the cost of membership but they’re not offering anything right now. Whether you already are a Costco member or decide to become one, the AmEx True Earnings card is good gas credit card option.
The gas card review wraps up this week’s coverage of financial tips for a bad economy. Hopefully it was helpful and gave you a few ideas that you can use, here’s a reminder of how you can make money from the falling dollar, a down real estate market, and a recession.
We finished it up with this review of how you can save money on gas with the following rewards cards:
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All posts by Ben Edwards