Spending money on gasoline is an everyday expense that most Americans simply cannot avoid. Whether you need to drive to work everyday or simply use your automobile to run errands, the gasoline bills are going to pile up. With gas hovering around $4 a gallon, the cost of filling up the tank seems to be increasing each and every year. One of the ways that this expense can be brought down is by using a gas rewards credit card.
Many gas rewards credit cards offer more than just the standard 1% cash back on purchases and if you look hard enough, you can find a few that go above and beyond a normal rewards program. We’ve compiled a list of the best gas rewards credit cards available to consumers today and have also added a few words on why this card is an excellent choice. Not all cards offer the same rewards and benefits so please read carefully. If you have a card you love, let us know and we’ll see if it deserves a spot on our list.
PT’s Pick for the Best Gas Rewards Credit Card
TrueEarnings® Card from Costco and American Express – If you have excellent credit and like to shop at Costco, the TrueEarnings Card from Costco and American Express is perfect for you. 3% cash back is earned on gasoline at U.S. stand-alone gas stations, 2% cash back at U.S. restaurants and on eligible travel purchases with 1% cash back earned on other purchases, including Costco. Unfortunately, there is a limit to the amount of cash that can be earned at the 3% level ($4,000) at which point you’ll earn 1% cash back. The TrueEarnings Card from Costco and American Express has no annual fee as long as you pay your Costco membership fee.
Citi® Dividend Platinum Select® Visa® Card – The Citi Dividend Platinum Select Visa Card includes a $100 cash back bonus after signing up and making $500 in purchases during the first three months. Then, all cardholders will be provided 5% cash back from Citi on rotating categories through the year and 1% cash back on all other purchases. Additional cash back can be obtained when shopping through the Citi Bonus Cash Center, and the Citi Dividend Platinum Select Visa Card has no annual fee.
Blue Cash Everyday® from American Express- Perhaps the best overall card on our list, the Blue Cash Everyday from American Express rewards cardholders with 3% cash back at U.S. stand-alone supermarkets (up to $6,000), 2% cash back on gasoline at U.S. stand-alone gas stations and select major department stores and 1% cash back on other purchases. You can also earn a $100 cash back bonus after spending $1,000 on purchases in the first 3 months of membership. There is no annual fee to own the Blue Cash Everyday from American Express and it includes all of the perks you would expect from American Express.
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About Michael Pruser
Hi, I'm Philip Taylor. I'm a husband, father, blogger, and entrepreneur. I love learning to do more with my money and sharing it all here with you. Join in on the conversation and start improving your financial life today.