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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:

Discover® Open Road(SM) Card

With the Discover Open Road you’ll get a 5% cash back bonus on the first $100 spent on gas and auto maintenance purchases a month. 

On all purchases over the initial $100, you’ll earn a tiered amount that reaches 1% once you’ve spent $3000 for the year.  Of course this is not hard to do with rising gas prices and all non-gas purchases you make with the card count toward the annual total.  You receive up to 1% on the non-gas purchases as well. 

One side benefit is that you can receive 5–20% cash back on purchases made from a separate shopping site offered by Discover.  The Discover Open Road card also features an introductory offer of 0% APR on balance transfers and 0% APR on purchases, both for a limited time.  There is no annual fee.

American Express Blue Cash Card

Blue Cash® from American Express®

American Express’s Blue Cash card gives you up to 5% cash back on gas, in addition to supermarket and drugstore purchases.  The Blue Cash card also has a tiered rewards program, you earn 1% on the first $6500 you spend in these categories and 5% on anything above that amount. Purchases other than gas, supermarket, and drugstore earn 0.5% ($0-$6,500) and 1.5% (over $6,500).

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.

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.

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:

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Comments

24 Responses to “Best Gas Credit Cards to Save You Money at the Pump”

  1. Financial Tips to Help You Make Money in a Bad Economy » Money Smart Life on April 26th, 2008 3:22 pm

    [...] Best Gas Credit Cards to Save You Money at the Pump [...]

  2. This Week in Finance: April 21st at The Penny Mine on April 27th, 2008 9:38 am

    [...] Money Smart Life lists the best credit cards to save money on gas. [...]

  3. Weekend Linkage - April 27, 2008 on April 27th, 2008 9:20 pm

    [...] Best Gas Credit Cards to Save You Money at the Pump Money Smart Life suggested use credit cards to save money when filling up your car. Some of them are also covered in my previous post. With gas price near $4/gallon, a 3% rebate isn’t too small to let go. [...]

  4. Brandon on May 6th, 2008 7:26 am

    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.

  5. Less is More Edition - Personal Finance Review | Bad Credit Loans on May 7th, 2008 3:01 am

    [...] – Gas Credit Cards [...]

  6. Ben on May 7th, 2008 11:02 pm

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

  7. Online Savings Blog on May 9th, 2008 10:30 am

    Money Saving Links: 5/9/2008…

    If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!This week's Carnival of Personal Finance was hosted by Alpha Consumer, and featured my question on which gas rebate credit card is best.
    Coincidentally, Money Smar…

  8. Three Ways Your Boss Can Save You Money on Gas » Money Smart Life on May 20th, 2008 5:49 am

    [...] Best Gas Credit Cards To Save You Money at the Pump [...]

  9. James on May 25th, 2008 2:23 pm

    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

  10. MillionDollarJourney on May 25th, 2008 8:07 pm

    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

  11. 3 Ways to Make Extra Money in a Recession » Money Smart Life on May 28th, 2008 9:43 pm

    [...] Best Gas Credit Cards To Save You Money at the Pump [...]

  12. Wendi on June 12th, 2008 9:49 pm

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

  13. Personal Finance Review - Caribbean Vacation Edition : Money Smart Life on June 24th, 2008 2:08 am

    [...] Five Cent Nickel shares a way to improve gas mileage by 15%. You can also check out the best gas credit cards or save on gas by riding the [...]

  14. Personal Edge Insights - Barbara Ling » Archive » Make money with high gas prices - 109+ Resources and Ideas on June 25th, 2008 5:33 am

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  15. Best Card Credit Gas on June 25th, 2008 8:05 am

    [...] cards, the best gas you the best credit cards, reviews and credit card offers available online.Best Gas Credit Cards to Save You Money at the Pump : Money Smart LifeThis week’s Carnival of Personal Finance was hosted by Alpha Consumer, and featured my question on [...]

  16. Save Money on Gas - Small, Easy Gas Saving Tips Take a Big Bite Out of High Gas Prices : Money Smart Life on June 26th, 2008 7:23 am

    [...] or Chase BP Visa Card to earn cashback on your gas purchases.  Here’s a review of the best gas credit cards to save you money at the pump. Related ArticlesOpportunity Costs of High Fuel Prices – Personal [...]

  17. Save Money on Gas - Small, Easy Gas Saving Tips Take a Big Bite Out of High Gas Prices from Financial Planning Guide on June 26th, 2008 8:57 am

    [...] Road or Chase BP Visa Card to earn cashback on your gas purchases. ; Here’s a review of the best gas credit cards to save you money at the [...]

  18. Credit Union Bad Credit Credit Cards on June 26th, 2008 9:22 am

    [...] loan, used… A home equity loan can pay off credit cards, and write off the interest on your taxes.Best Gas Credit Cards to Save You Money at the Pump : Money Smart LifeGas credit cards can earn you rebates or cashback to help save money on your gas bill. We’ve [...]

  19. Gas Credit Cards - Pay at the Pump and Save Money? : Money Smart Life on July 2nd, 2008 7:18 am

    [...] money on gas by paying with a cashback gas credit card is one of the ways that people are helping cope with higher fuel prices. An article on MSNBC [...]

  20. Save Money on Gas with Reward Cards, Gas Rebates, Working from Home, & More! : Money Smart Life on August 4th, 2008 4:51 am

    [...] money on gas can be as simple as using gas rewards credit cards and as complicated as moving to a new town.  The price of gas was heavy on my mind yesterday [...]

  21. Best Gas Credit Cards - Rewards Card Survey Compares Top Gas Saving Options : Money Smart Life on August 11th, 2008 7:52 am

    [...] best gas credit cards can save you anywhere from one cent to four cents a gallon over other gas rewards cards [...]

  22. Chase Freedom Card - Review of the New “Anything Credit” Feature | Money Smart Life on September 24th, 2008 7:03 am

    [...] I’d still recommend using the Chase Freedom card to purchase gas, as I reviewed in the best gas credit cards post, but I’d stick with the cash back feature to get the most money out of your rewards. [...]

  23. Best Gas Rewards Credit Cards - Review & Compare Gas Rewards Cards | Credit Card Compare on September 28th, 2008 2:43 pm

    [...] can review the benefits and features of these top gas rewards credit cards listed below and help find the right gas card that will save you the most money. Click Here to [...]

  24. Worst Rewards Credit Cards - What’s Hidden in the Fine Print | Money Smart Life on November 3rd, 2008 6:55 am

    [...] If you’d like recommendations on cards that will actually earn you rewards check out the best travel rewards cards, best cash back cards, and the best gas rewards cards. [...]

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