It’s a good idea to have and use a credit card as a payment method for gasoline since it is easier and safer than carrying cash. In addition, it enables you to fill up your vehicle and pay for the service immediately at the gas station.
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Although you might equate a credit card to spending cash, several credit cards offer rewards when you use them. This is frequently done through “cashback” as a reward for specific purchases. Below is a list of credit cards that are among the best for earning cashback after purchasing gasoline.
1. Customized Cash Rewards credit card from Bank of America
The customized reward credit card is offered by Bank of America, among other credit cards.The card offers a 3 percent cash back in your preferred category, which includes gasoline purchases.
Another cashback includes a 2 percent cash back at wholesale clubs and grocery stores (on the first 2,500 dollars) and 1 percentage cashback after that.There is no annual fee for holding the card.
Interest rates range from 13.99 percent to 23.99 percent. [1]
2. Costco Anywhere Citi’s Visa Card
This is a significant wholesale membership company that offers a major branded credit card offering good gas and other purchase payback.Customers enjoy a 4% cashback on most gas stations’ gas purchases, up to 7000 dollars a year, and 1% later. There is also a 2%when you purchase Sam’s Club, 3% for purchases of restaurants and specific travel.There is no annual charge, but you must pay a membership fee annually to the club.
The card has an interest rate of 15.24 percent. [2]
3. American Express Blue Cash Preferred Card
This card offered by American express provides cashback as well as bonuses. A 3 percent cash back on gasoline purchases as well as transit costs (train, taxi, etc.) is available to every customer with this credit card.
Other Cashbacks include 6% on supermarket purchases up to 6,000 dollars per year.
$150 bonus if you spend $3,000 or more on the card in the first six months. Holders of the card pay an annual fee of $0 during the first year, then $95 for subsequent years.
Interest Rates range from 13.99 percent to 23.99 percent. [3]
4. Discover It Chrome
You can get two percentage cash back on gas and restaurant dining expenses with the Discover it chrome, but this is up to 1,000 dollars in combined expenditure every quarter and 1 percent afterward. All the other purchases will earn you 1% cashback. You do not have to “activate” these rewards like with a Discover’s 5% card. They are “on” always.
The card has an annual fee of 0 dollars. The card has an interest rate of 11.99% to 22.99%. [4]
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5. Platinum Rewards Visa from Credit One Bank
This credit card from Credit One accepts customers with bad credit and offers significant cash back on gasoline and other expenditures. Gas cashback is 5% of gas expenses from many gas pumps, up to 5,000 dollars in annual purchases, followed by 1%. Another cashback includes a 5% cashback on groceries and telecommunications services (cable, internet, etc.).
Cardholders pay a $95 annual fee.
The rate of interest is 23.99 percent. [5]
6. Platinum Rewards Visa Signature Card from PenFed
The PenFed Platinum Rewards Visa Signature offers exceptional limitless rewards for grocery shopping and, in particular, gas purchases. It does not have a yearly fee and has an introductory rate of 0% APR on money transfers. However, receiving rewards in the form of statement credits or cashback is not a possibility.
This credit card has appealing rewards and cashback for customers. One gets 5% cash back for gas earnings, 3% for purchases of groceries, and 1% cashback on anything else.You won’t be paying a yearly fee to take advantage of your PenFed card’s many benefits.
The interest rate is from 13.49 percent to 17.99 percent [6]
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7. Sam’s Club MasterCard
The well-known wholesale club offers this card, and it pays considerable rewards on gas purchases and other purchases. Customers get a gas cashback of 5 percent on gas expenses from any gasoline pump, up to 6,000 dollars in purchases yearly. Other Cashbacks include a 3 percent discount on Sam’s Club expenses and restaurants. There is no annual fee, but you are required to pay a membership fee yearly.
The interest rate is 15.65 percent to 23.65 percent. [7]
8. Altitude Connect Visa Signature Card from US Bank
With an altitude connect visa, customers earn 50,000 reward points when they spend $3,000 on qualifying purchases during the first 120 days after opening the account. This is a $500 value that may be used for items, cashback, gift cards, travel, and other things. Customers get rewards in the form of points that can be used to make purchases later after accumulation.
Customers earn 4 points for every $1 spent on traveling and gas. Other rewards include two points for every one dollar spent at supermarkets (including delivery services), restaurants, and qualified streaming platforms.
All other qualified purchases earn 1 point for one dollar spent.No annual fee is paid for the first year, but cardholders are required to pay 95 dollars for the subsequent years.
An interest rate of 15.99% to 23.99% applies [8]
9. Chase Freedom Flex
Each quarter you activate; you earn 5percent on purchases up to $1,500 in cumulative bonus category expenditures.When you book travel with Chase Ultimate Rewards, you’ll get 5% back. When you use the credit card for restaurant dining, for both takeout and approved delivery services, you earn 3% of your expenses.
For pharmacy purchases, one earns 3% cashback.Any other expense attracts a cashback of one percent.There is no annual fee required to enjoy the great features that come with this card.The interest rate is 0 for the first 15 months after the account opening. After that, the interest rate ranges from 14.99% to 23.74%. [9]
As we have seen above, there are several credit cards that you can use to get a cashback on the amount you use to buy gasoline for your car. Choosing a credit card with awesome benefits will help you save money on your expenses.
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Sources:
[1] https://www.bankofamerica.com/credit-cards/products/cash-back-credit-card/
[2] https://www.citi.com/credit-cards/citi-costco-anywhere-visa-credit-card
[3] https://www.americanexpress.com/us/credit-cards/card/blue-cash-preferred/26129?PID=15-12100398-5524577-077a4c4aa937db74ebe66bd2206aa2b4&BUID=CCG&PSKU=BCP&CRTV=BCPLM&CID=2165770
[4] https://www.nerdwallet.com/reviews/credit-cards/discover-it-chrome
[5] https://creditcards.usnews.com/credit-one-bank/credit-one-bank-platinum-premier-cash-back-rewards-credit-card#:~:text=You’ll%20earn%20the%20most,and%20on%20gas%20and%20groceries.
[6] https://www.penfed.org/credit-cards/platinum-rewards-visa
[7] https://www.samsclub.com/content/credit
[8] https://www.usbank.com/credit-cards/altitude-connect-visa-signature-credit-card.html
[9] https://creditcards.chase.com/cash-back-credit-cards/freedom/flex
