With gas prices being so high today, many people would do just about anything that they possibly could to fill up their tank for less. If you are looking to get a break on the price of gas, you may want to consider opening a credit card that give you rewards for gas purchases. There are a few different cards available. Here is a quick look at all the details you will want to know for some of the more popular choices.
The American Express Blue Card
The American Express Blue Card lets you earn unlimited cash back rewards. The card does not cost you anything to open and there is no annual fee. You also will not have any spending requirement to earn your rewards. The card is a great choice for those looking to save on gas purchases and you will earn 5% back every time you fill up. Over a year’s time this can add up to a great savings.
The card also offers other savings that make it even more attractive. You will receive 5% back on purchases you make at participating supermarkets and drugstores. For all of your other purchases you can potentially earn up to 1.25% cash back, depending on how much you charge annually on your card.
If you are ready to sign up there is currently also a sign on promotion. American Express is offering for new card holders, a special interest rate of 0% for all purchases made during the first six months you have the card.
Discover Open Road Card
The Discover Open Road Card is another great option if you are looking to earn cash back at the gas pump. This particular Discover card allows users to earn a full 2% cash back bonus every month on gas purchases. The 2% cash back bonus is however limited to the first $250.00 you spend on gas for each billing cycle. After you have reached the $250.00 limit you can still earn up to 1% back for the remainder of your gas purchases.
The card also offers up to 1% unlimited cash back on all of your other purchases. In addition card holders can receive a 5-20% cash back rebate when they make purchases from select retailers through the Discover Card Market Place.
The card comes with no annual fee and is currently offering start up APR promotions. For the first 6 months you will have a 0% APR rate for all purchases and for the first 12 months you will have a 0% APR rate for all balance transfers.
True Earnings American Express COSCO Card
This card is exclusively for COSCO warehouse members. This card, like the others offers you cash back bonuses for your gas purchases. With the card you will receive 3% cash back on all of your gas purchases for the first $3000 you spend at the pump each calendar year. After you reach the $3000 mark you will continue to earn an unlimited 1% cash back at the pump for the remainder of the year.
The card also pays you back in other ways. Additionally you will earn a 3% cash back at participating restaurants, 2% cash back on travel and 1% cash back on all of your other purchases including those made at COSCO. You should also watch for other special offers that are sometimes offered at different times throughout the year.
You will receive your cash reward annually in the form of a coupon. You can then take the coupon to your local COSO store and redeem it for merchandise or for cash.
