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

Blue Cash® from American Express®

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.

Blue Cash

Chase PerfectCard

Chase PerfectCard

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

amex true earnings

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.

Amex True Earnings

Summary
 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:

Last updated by .

Ben

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Ben
Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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Comments

31 Responses to Best Gas Credit Cards to Save You Money at the Pump

  • Wendi

    Thanks for the post. We can all use a little help with gas prices being to high.

  • MillionDollarJourney

    Great post. What do you think is the most popular cash back credit card in the U.S? I must say that you guys have much better credit card benefits than the cards offered to Canadians.

    FT

  • James

    Pentagon Federal Credit Union has a good rewards card…5% cash back on all gas purchases, 2% on supermarket purchases, and 1.25% on everything else. Anyone can join this credit union, and should. They have excellent rates and services.
    https://www.penfed.org/productsAndRates/creditCards/RewardCards.asp

  • Ben

    Brandon, thanks for pointing out the Citi Driver’s Edge, I’ll include it as well.

  • Brandon

    I’m a little surprised that you didn’t mention the Citi® Driver’s Edge® Options Platinum Select® MasterCard®. Offering 6% back on Gas, Grocery, and Pharmacy purchases for 1 year, 3% thereafter, and 1% on all other purchases.

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