Cash Back Rewards

Virtually all of the major credit card companies offer a gas card. Many will offer an introductory interest rate of zero percent; the length of this introductory rate varies by company, usually six to twelve months.

The Discover Platinum Card

The Discover Platinum Card offers five percent full cash back on gasoline. This offer only applies to the to the first 1,200 dollars of annual gas or automotive repairs.

This gas credit card can be a good option because most people don’t spend more than 1,200 dollars a year on gasoline and automotive purchases.

The Chase PerfectCard Master Card

Customers can take advantage of what Chase offers with the PerfectCard Master Card. They offer six percent rebates on gasoline for the first three months; after the first three months the gas credit card will give three percent cash back on future gas purchases.

The maximum rebate on these cards is fifteen dollars each month. In order to have the maximum of fifteen dollars in rebates the credit card user must spend $500 each month.

Amex Blue Card

Amex Blue Card from American Express has cash rebates between one and five percent cash back on gasoline purchases. What is interesting with this gas card is that it bases the amount the buyer will receive in rebate on purchases by how much money they have spent with the card for that year to date.

Customers receive one percent cash back on all gasoline purchases up to $6,500 total year to date purchases; as of the $6,501 spent year to date, the customer will receive five percent cash back.

Chase BP Visa

Chase gives its BP Visa cardholders five percent rebate on purchases made at BP gas locations. This credit for gas will also give its customers one percent rebate on all other gasoline purchases, with bonus percentages for lodging, dining, and other travel costs.

Using Gas Credit Cards To Save Money

Using gas credit cards to save money is not as easy as it sounds. To really make the most of this option, you’ll need to pay off the balance every month. To make the most of the cash back or credit rebates, the rebate money should be used to purchase gasoline.

Generally, the gas credit cards have a higher annual percentage rate. Just make sure the balance is paid of each month to avoid the higher rates. After all, paying over 14% interest makes the 5% rebate seems like no rebate at all.

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