We’ve all seen the rotating 5% cash back categories that often include gas stations, but how about 10% cash back instead?
Well, when I logged onto one of my Amex accounts this morning I was greeted by a surprising offer. A full 10% cash back on gas all summer long.
Specifically, you can earn up to $25 in statement credits on $250 in total purchases at U.S. gas stations until September 30th, 2016.
It’s one of the latest Amex Offers to hit one of my accounts and it’s clearly one of the better ones to come along after what has seemed like a bit of a lull.
10% Cash Back on Gas Purchases with Amex
As you can see from the fine print, you get three months to use the Amex Offer once you add it to your eligible card, and the purchases have no minimum.
So you can make a ton of small purchases and still earn the 10% cash back. It’s a bit of a bummer that the maximum is $250 because most folks spend that amount on gas in a month, if not a week if they commute a lot.
It’s also unfortunate that this Amex Offer was only available on one of my many American Express credit cards.
It’s also kind of weird that it was offered on a card that already earns 5% cash back on gas, but that could make this offer really sweet.
Can I Earn 15% Cash Back on Gas?
If I’m interpreting this offer correctly, I’ll earn 15% cash back on my gas purchases until the end of September, or $37.50 on $250 in gas purchases. Not too shabby!
Why? Because my card already earns 5% cash back on all gas purchases since I unlocked the higher cash back by spending $6,500.
I was expecting to earn just $12.50 on $250 in gas purchases, but confirmed with American Express that this offer works with my existing cash back structure.
This offer is good at merchants that primarily sell gasoline, though they “may sell other convenience items,” per American Express.
In other words, there’s a chance you could earn 15% cash back on other items if you get creative and find a gas station with a good mini market.
Be sure to check all your American Express cards ASAP to see if this offer is in one or more of your accounts. The offer is limited so it could fill up faster than your tank.