Gas prices are on their way back up again. When the economy tumbled in the past few years, gas prices dropped from their highs, but they are now increasing fairly steadily. It’s hard to imagine where the price of gas will be just one year from now, but it makes sense to continue preparing for higher gas prices for an extended period of time.
Gas credit cards are an excellent way to reduce the effect of spending for gasoline each and every week. Depending on your situation, there may be a few options that suit your gas purchasing needs and after careful review, one gas rebate credit card stands out amongst the rest.
Blue Cash Preferred® Card from American Express: The Blue Cash Preferred card tops our list because it pays 3% cash back at gas stations. And that’s on top of 6% cash back at U.S. supermarkets on up to $6,000 in spending per year. The card pays 1% back on all other purchases, plus a $150 back after you spend $1,000 in purchases on your new Card within the first 3 months. There is a $95 annual fee for the card. Get more details here.
Other Top Gas Rewards Credit Cards
Blue Cash Everyday® Card from American Express: With this card you don’t pay an annual fee as you do with the Preferred version, but the benefits are a bit lower. You still earn a solid 2% cash back at U.S. gas stations, and 3% back at U.S. supermarkets on up to $6,000 in spending each year. All other purchases earn 1% cash back. Get more details here.
Wells Fargo Propel American Express® Credit Card: The Wells Fargo Propel American Express® Credit Card pays out 3x in points on gas purchases. On top of that it pays 2x at restaurants and 2x on everything else. There is no annual fee.
Chase Freedom Unlimited: With the Chase Freedom Unlimited you get 1.5% cash back on every purchase. This makes it an ideal gas rewards card, particularly if you are looking for a single card to use for everyday spending. You can also earn a $150 bonus after you spend $500 on purchases in your first 3 months from account opening. There is no annual fee.
Discover it® – Cashback Match™: The Discover it® – Cashback Match™ makes the list for two reasons. First, it pays up to 5% cash back on up to $1,500 spending every quarter. This includes purchases at gas stations for one of the quarters. But on top of that, Discover matches your cash back rewards at the end of the first year. There is no annual feel.
Ink Cash Business Credit Card: New cardholders approved for the Ink Cash card can earn $200 bonus cash back when they spend $3,000 on purchases in the first three months from account opening. The card also offers 5% cash back on the first $25,000 spent in combined purchases within categories appropriate for business owners, such as purchases in office supply stores and internet, cable, and cellular and landline phone services each account anniversary year. They can earn 2% cash back on the first $25,000 spent in combined purchases each account anniversary at gas stations and restaurants.
Important Note! The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit or charge card prior to applying.
Updated August 18, 2016 and originally published July 23, 2010. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.