So gas prices are continuing to rise, and it’s not even summer yet. Many experts see gas prices per gallon shooting up to over $4.00 which is nothing short of scary.
It’s really getting to the point where we can’t ignore the excessive price of gasoline. Before you could turn and cringe, and try to repress the fact that you were dropping $60-$70 at the pump each time you visited a gas station.
But now it’s getting to the point where you stand and watch the dollar meter climb and climb as the gallon meter slowly, almost carelessly takes its’ sweet time to rise as your tank is filled.
As the “gas crisis” presses on, activists have proposed outlandish gas boycotts and alternative means of transportation as a solution. But if you have to drive, you have to drive, and a lot of times there isn’t a viable way around it.
Thankfully some of the credit card issuers have caught on to the problem and offered a bit of a solution with cash back rewards on everyday purchases like gasoline.
Let’s take a look at some of hottest credit card offers with gas rewards:
Discover® Open Road(SM) Card
The Discover® Open Road Card offers a full 5% rebate on gas and auto maintenance purchases up to $1,200 a year, between $1,200 and $1,500 will receive a .25% rebate, between $1,500 and $3,000 will receive a .5% rebate, and over $3,000 will receive a 1% rebate.
A touch limited but if you use the credit card for gas only, you should be able to realize a 5% rebate for the majority of your gasoline purchases for the year. It’s not a bad credit card aside from the rewards aspect. It comes with no annual fee and 0% APR for the first twelve months, as well as cash back on everyday purchases.
Chase PerfectCard™ MasterCard®
The next gas rewards credit card is the Chase PerfectCard™ MasterCard® which offers a 6% rebate on all gasoline purchases for the first 90 days, then 3% rebate on gasoline purchases thereafter, as well as a 1% rebate on all other purchases.
The maximum rebate you can earn for gas purchases on a monthly statement is $15, but the 1% rebate earned on all other purchases is unlimited which is nice.
It also boasts a 0% introductory rate that applies to both purchases and balance transfers for up to twelve months, and no annual fee.
One final credit card to consider is the Blue Cash Everyday℠ Card from American Express® which offers 3% cash back on groceries, 2% cash back on gas, 2% at department stores, and 1% cash back everywhere else.
This card has no annual fee, a 0% introductory rate for up to 12 months, and is considered by many the “best cash-rebate card.”
Also check out the Blue Cash® for Business Credit Card
As always, be sure to review the terms and conditions on the card issuer’s website to ensure you fully understand and desire what the credit card offers. The above options are for consumers with good credit (what is a good credit score). If you have poor credit, browse this site to learn how to raise your credit score.