4 Great Rewards Credit Cards for Drivers

Here are several credit cards the provide the best rewards for drivers through rebates on gas purchases as well as a few other benefits. It’s difficult to find good credit cards as the companies are pulling back their offerings. If you’re interested in making the most out of your money, jump on these offers before they disappear.

But beware—if you are not in control of your spending, credit cards can be dangerous tools. Don’t spend more than you can afford.

Discover Open Road Card (apply here)

This card is offering 0% APR on purchases and balance transfers for 12 months. What makes the Discover Open Road card great for drivers is the 5% cash-back bonus on gas purchases and auto maintenance, but in the fine print, that bonus is limited to your first $1,200 in purchases each year. Starting in October, this limit is measured on a monthly basis—the most rewards are earned on the first $100 spent each month.

If you shop online through the Discover network, you can also receive 5% to 20% back. Watch out for cash advance and balance transfer fees.

drivers-edge.jpgCitiBank Drivers Edge (apply here)

For the first 12 months, the Citi Drivers Edge card presents a 6% cash back rebate at gas stations, drugstores, and supermarkets. After that introductory period, the rebate is reduced to 3%, which is still higher than a lot of other cards. All other purchases generate 1% cash back.

The card also features a fairly high limit of $1,000 each year. That’s the amount of cash back that would be generated from almost $17,000 of gas station spending. What’s neat is you also receive $1 cash back for every mile you drive. Considering that, it wouldn’t be difficult at all to hit the maximum cash back limit.

Note: As mentioned in the comments below, the rewards gained from this card must be used for purchasing or leasing a vehicle or on service for your current vehicle.

Chase PerfectCardChase PerfectCard MasterCard (apply here)

The Chase PerfectCard MasterCard has features similar to the Citi Drivers Edge card. Unfortunately, the 6% rebate is only available for 90 days and only gas station purchases are eligible. After the first 90 days, the gas station rebate is reduced to 3%, while all other purchases generate 1% cash back.

The difference with this card is that your rebates are automatically credited to your credit card to pay for future purchases. That’s good if you plan on continuing use of the card.

Chase BP VisaChase BP Visa (apply here)

I would recommend this card only if you visit BP stations for getting your gas. This card offers a whopping 10% rebate for the first 60 days for purchases at BP. Take into consideration that you can probably find gas stations close to BP that offer gas for less money. After the introductory period, you still get a 5% rebate when shopping at BP. The card also offers some other decent rebates as well. Here are the details.

In addition to receiving your rebates as $25 gift cards to BP or $25 checks, you can also directly donate your rebate to The Conservation Fund, an environmental charity.

Scroll down to read 2 comments on “4 Great Rewards Credit Cards for Drivers.”

Related Entries on Consumerism Commentary

2 Comments on “4 Great Rewards Credit Cards for Drivers.” To add your own comment, scroll down.

  1. Comment #1 by Chris (reply)
    July 17th, 2007 at 11:12 am

    I have the driver’s edge card myself. You can only use the rebates for a vehicle purchase or maintenance.

    The PerfectCard looks good, but then it says “Once enrolled, your rewards disclosure will be sent to you containing all program guidelines and benefits”...so basically you have no idea how you can actually use your rebates until you’ve already signed up. So much for full disclosure.

  2. Comment #2 by Valerie (reply)
    July 18th, 2007 at 1:28 pm

    Re the Citi Driver’s Edge card…you should note that this is NOT a cash rebate, and use of the rebate money is limited as follows:

    Using your rebates is easy too. Get the car you want. Use your rebates toward buying or leasing a car, motorcycle, SUV and more. New or used—any make, any model.

    Repair the car you already have. From oil changes to major repairs, use your rebates toward service on the car you already drive, when you pay for those services with your Driver’s Edge Card.

    Want more? Choose great rewards in ThankYou NetworkSM. Besides using your Driver’s Edge rebates toward your automotive needs, you can redeem them for rewards offered through ThankYou Network, a free rewards program from Citi. Choose from a wide range of merchandise and servicesâ€â€?like gift cards from top retailers, home electronics, travel and more. For redemption purposes, each $1 in Driver’s Edge rebates is equivalent to 100 ThankYou Points®. For a full list of rewards, visit http://www.thankyouredemptions.com.

Leave a Comment

Enter your comments below. Please note: Use of a non-personal web site or blog in the field below and/or comments that are off-topic, personal attacks, or support requests will likely be removed at my discretion.

Copyright of comments belongs to the comment author, but I reserve the right to edit comments for formatting or content.

Add a photo or icon to your comment by creating an account on Gravatar.

Welcome to Consumerism Commentary

Consumerism Commentary is a blog for men and women who wish to make the most of their financial lives. Read more about Consumerism Commentary.

Cash Loans
CSA 120x120 Animated

Advertise here (more info).
Earn money as an affiliate. Join here.

Contributors

Subscribe via E-mail

Credit Card Offers

Recent Comments

Best of Consumerism Commentary

Recent Articles

Popular on pfblogs.org

Disclaimer

The authors of Consumerism Commentary are not professional financial advisers and no text within this website should be considered financial advice. Any individual who makes financial decisions based solely on the information contained within does so at his or her own risk. Always consult a financial professional.

About Advertising

This website contains advertisements, usually listed as “sponsors.” Some links are for products or services for which Consumerism Commentary is an "affiliate." No articles within the blog are advertisements disguised as blog entries. Consumerism Commentary is not compensated for any content, except for advertising sold. This site contains no Pay-Per-Post (or similar) articles.

Privacy Policy

Carnival of Personal Finance