Wed. Apr 21st, 2021

Best Card Summary

Search for it® chrome
Why it’s one of the best gas credit cards: The Discover It Chrome card offers 2% cash back at gas stations and restaurants, up to the first $ 1,000 combined each quarter. All other purchases earn unlimited 1% cash back and cash back can be redeemed at any time, in any amount. Discover matches all the cash back you earned at the end of your first year, with no cap. There is no annual fee for this card.

Bank of America® Cash Rewards Credit Card
Why it’s one of the best gas credit cards: The Bank of America Cash Rewards Card lets you choose a category to earn 3% cash back for gas. Grocery store and wholesale club purchases get 2% back. You will also receive a $ 200 cash prize bonus after spending $ 1,000 on the card in the first three months.

Blue Cash Everyday Card from American Express
Why it’s one of the best gas credit cards: The Blue Cash Everyday card from American Express offers 2% cash back on US gas station purchases and a $ 200 statement credit after spending $ 1,000 on the card in the first three months. is. Cash back is easily redeemed for statement credit from this card, which does not charge any annual fee. .

Amazon Business American Express Card
Why it’s one of the best gas credit cards: Businesses can earn 2% cash at US gas stations and a $ 100 Amazon gift card when opening an account.

Ink Business Cash® Credit Card
Why it is one of the best gas credit cards: Ink Business Cash Credit Card is designed for business owners who spend on gas and other everyday purchases. Cardholders earn up to 5% of cash up to $ 25,000 in combined purchases annually at supply shops and Internet, cable, and phone services. You earn 2% cash up to $ 25,000 in combined purchases on each anniversary year at gas stations and restaurants. All other purchases earn 1% cash back, no cap on earnings, and the card charges no annual fee.

Hilton Honors American Express Card
Why it is one of the best gas credit cards: The Hilton Honors American Express card earns five points per dollar at American gas stations. You will get 80,000 bonus points for spending $ 1,000 in eligible purchases within the first three months of opening an account.

IHG® Rewards Club Traveler Credit Card
Why it is one of the best gas credit cards: IHG Rewards Club Traveler credit card holders will earn two points per dollar at gas stations. Cardholders can earn 60,000 bonus points even after spending $ 2,000 on a purchase within the first three months of opening an account. The card does not charge any annual fee.

Hilton Honors American Express Surge® Card
Why it’s one of the best gas credit cards: The Hilton Honors American Express Surpass Card earns 12 points per dollar on Hilton purchases, six points per dollar at American restaurants, US supermarkets and US gas stations, and per dollar on all others three points. Purchase. When you spend $ 2,000 within three months of opening an account, you will earn 130,000 bonus points.

United business card
Why it’s one of the best gas credit cards: United Business Card users will earn 2 miles per dollar at gas stations, and other purchases will earn 1 mile per dollar. The 2-mile bonus rate is also good for United, restaurants, office supply shops and local transit and commuting.

Amazon Business Prime American Express Card
Why it’s one of the best gas credit cards: Businesses can earn 2% cash at US gas stations and a $ 125 Amazon gift card when opening an account.

What can you expect from a gas credit card

Here’s what gas credit cards usually offer:

Award Earned: All gas cards surveyed earn at least two points per dollar, or 2% cash back on gas purchases.
Redemption redemption By using all the gas cards you’ve surveyed, you can flexibly redeem rewards, with cash back or other options.
Sign-up bonus value: You can earn a sign-up bonus of at least $ 150 with an 86% gas credit card.
Annual Fee: About 79% of gas cards do not charge any annual fee or waive the fee for the first year. The annual fee for all gas cards surveyed is $ 100 or less.
APR: Around 29% of gas credit cards have a minimum annual rate of 14.99% or less. The rest of the minimum APR is between 15% and 18.99%.

How can you choose a gas credit card?

With a gas credit card, you can expect to receive between 1% and 3% cash on gas station purchases. You may also be able to earn bonuses in other categories, such as groceries, travel, or business expenses. Gas rewards cards often earn a flat rate for all other expenses as well.

Gas rewards cards typically offer features with all types of reward cards, including sign-up bonuses and desirable cardholder benefits. For example, benefits may include travel accident insurance, roadside assistance and auto rental damage waivers. However, cards offering these benefits may come with an annual fee.

When choosing a gas credit card, note that many gas credit cards do not consider warehouse clubs, superstores and supermarkets eligible for rewards. But for most people, the gas reward card is still a better option than the gas rebate card due to flexibility, the opportunity to earn rewards for other types of expenses and better benefits and perks.

Examples of gas rewards credit cards

Now, we’re getting into the fun part. Let’s take a look at some examples of common gas rewards credit cards.

Bank of America Cash Rewards Credit Card can earn up to 3% cash on gas purchases. The card offers 3% cash back, including gas, online shopping, travel, food, home improvement and upholstery and drug stores, and 2% cash at grocery stores and wholesale clubs in the category of your choice. 3% and 2% cash-back earnings are eligible for up to $ 2,500 on purchases every quarter (then 1%) in the combined choice category, grocery store and wholesale club. The card earns 1% cash on all other purchases.

If you spend $ 1,000 in purchases within 90 days of opening an account, the card offers a $ 200 cash prize bonus. There is no annual fee, and the awards never expire. Benefits offered by the Bank of America Cash Rewards credit card include text banking, account alerts, digital wallet technology, and a $ 0 liability guarantee for fraudulent transactions.

Blue Cash Preferred Card from American Express The US earns 3% cash on gas stations and transit (including taxis, ride-hailing services, parking and buses). It earns up to $ 6,000 of 6% cash back to spend every year on American supermarkets (then 1%), 6% cash back on select US streaming subscriptions, and unlimited 1% cash back on other purchases.

After spending $ 3,000 in purchases on your new card within the first 6 months, the card comes with a welcome offer of a $ 300 statement credit.

Benefits included with the Blue Cash Preferred Card from American Express include travel allowances and consumer protection. Travel benefits include a global assistance hotline and car rental and damage insurance. Consumer benefits include purchase protection and fraud protection.

Gas station gives credit card discounts

Gas station rebate cards allow you to save money with discounts. This type of card is usually branded with a gas station, offering discounts for every gallon purchased with the brand of card. Some rebate cards offer a discount of 10 cents per gallon or more.

Apart from discounts, these cards may not offer other rewards or earn discounts only when used with the gas brand of the card. They usually do not provide strong cardholder benefits as do some gas rewards cards. Gas rebate cards sometimes have a bonus period for discount increases, but they usually do not have sign-up bonuses such as the best gas credit cards.

Gas rebate cards can be a good option for those who often buy gas from a particular brand. Or if you are rebuilding or trying to establish credit, a gas rebate card can help get you on the path to good credit. But here’s a warning: these are cards High APRs Gas rewards compared to credit cards. Do not keep balance with these credit cards.

Tekron Advantage Visa Card Chevron or Texaco earns 3 cents per gallon in fuel credit for every fill at gas stations. This card allows you to earn an increased discount rate if you spend a certain amount every month outside of the fuel merchants: 10 cents per gallon by spending $ 300 outside of the fuel merchants and 20 cents per gallon by spending $ 1,000 per gallon Huh. This card has no annual fee, and you are protected from $ 0 liability on unauthorized charges.

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