What are the Best Gas Reward Credit Cards To Consider For 2018
If you frequently travel around with a car, it will be convenient for you to get a gas reward credit card. Gas rewards credit card allows you to earn rewards when filling the fuel tank of your car at a gas station. The following are the three best gas rewards credit cards.
1. Blue Cash Preferred Card from American Express
Blue Cash Preferred Card from American Express offers 3% cash back every time you use your card to pay for gas at a local petrol station. In addition, if you spend at selected US department stores, you will also receive a 3% cash back. Using the card to pay for your groceries at local U.S. supermarkets will earn you 6% cash back.
You will keep earning 6% cash back on supermarket shopping expenses until you reach the threshold of $6,000 per year. When you reach $25 in cash back, you can redeem a statement credit. Besides the cash back reward program, it also award $200 statement as sign up bonus to customers who spend $1,000 within a 3 months period. The card has a $95 annual fee.
2. PenFed Platinum Rewards Visa Signature Card
PenFed Platinum Rewards Visa Signature Card is offering 5 points per dollar spent at a local gas station. Spending $300 in gas every month allows you to earn 1,500 rewards point. If you have 2,940 rewards points, you can exchange for a $25 gift card. The card also award 3 points per dollar spent on anything you purchase from a local supermarket.
The points will expire after 5 years so make sure you redeem a gift card with your points before they become expired. The card is not suitable for use in booking airline tickets as it charge an extra fee for that. On top of that, the card does not charge any annual fee and it has a 12 months zero percent intro period. To get approved for this card, you must be a member of the PenFed Credit Union.
3. Costco Anywhere Visa Card by Citi
Costco Anywhere Visa Card by Citi offers 4% cash back when you use it to purchase gas at a local or foreign gas station. The cash back limit for the gas purchases is $7,000 per year. You can also earn a 3% cash back when using your Costco Anywhere Visa Card to pay for dining bill and purchases in the travel category. Using the card in your Costco shopping will earn you 2% cash back.
Although the card has no annual fee, you must buy Costco membership which costs at least $60 every year. You must remember to collect the reward certificate before the last day of the year. If you use the card for balance transfer, you have to pay a 3% ($5 minimum) fee.