Search
Navigation：HOWRE Finance>Credit Cards>Detail

What Are the Best Credit Cards for Gas?

Sophia FloerschVerified
788 Views0 CommentsFeedback
Summary：Discover, Chase, American Express, and Bank of America offer some of the best credit cards for gas with cash back rewards and benefits. Be sure to consider credit score, fees, and interest rates before applying.

Best Credit Cards for Gas: A Comprehensive Guide

Gas prices have been on the rise in recent years, making it harder for drivers to afford their daily commute. Fortunately, there are credit cards that offer rewards and benefits specifically tailored to help you save money on gas. In this article, we'll discuss the bestcredit cards for gasand what you need to know before applying for one.

1. Discover it® Cash Back Card

The Discover it® Cash Back Card is a great option for those who frequently purchase gas. This card offers 5% cash back on rotating categories, which includes gas stations for one quarter of the year. Additionally, the card offers 1% cash back on all other purchases. There is no annual fee and the card offers a 0% intro APR on purchases and balance transfers for the first 14 months.

2. Chase Freedom Flex℠

The Chase Freedom Flex℠ is another cash back credit card that offers rewards on gas purchases. Cardholders can earn 5% cash back on up to $1,500 in combined purchases in quarterly rotating categories, including gas stations. The card also offers 1% cash back on all other purchases. There is no annual fee and the card offers a 0% intro APR on purchases and balance transfers for the first 15 months.

3. Blue Cash Preferred® Card from American Express

The Blue Cash Preferred® Card from American Express is a great option for those who frequently purchase gas and groceries. The card offers 6% cash back on up to $6,000 in purchases at U.S. supermarkets per year and 3% cash back on purchases at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). The card also offers 1% cash back on all other purchases. There is a $95 annual fee, but the rewards can easily offset this cost.

4. Bank of America® Cash Rewards Credit Card

The Bank of America® Cash Rewards Credit Card offers 3% cash back on gas purchases, as well as 2% cash back at grocery stores and wholesale clubs. Cardholders also earn 1% cash back on all other purchases. There is no annual fee and the card offers a $200 cash rewards bonus after spending $1,000 in the first 90 days of account opening.

Tips for Applying for a Gas Credit Card

Before applying for a gas credit card, there are a few things you should consider. First, make sure you have good credit. Most gas credit cards require acredit scoreof at least 670. Additionally, be sure to read the fine print and understand the rewards structure,annual fees, andinterest rates. Finally, don't apply for multiple credit cards at once, as this can negatively impact your credit score.

Credit Card Savings Strategies

In addition to using a gas credit card, there are other strategies you can use to save money on gas. One option is to use a gas price comparison app to find the cheapest gas in your area. Additionally, consider carpooling or using public transportation to reduce your gas consumption. Finally, be sure to keep your car well-maintained, as a poorly maintained car can lead to decreased fuel efficiency.

Annual Fees and Risk Avoidance

While most gas credit cards offer rewards and benefits, they also often come with annual fees. Be sure to weigh the cost of the annual fee against the potential rewards before applying for a card. Additionally, be sure to make your payments on time and in full each month to avoid interest charges and late fees.

Credit Card Company Recommendations

When it comes to credit card companies, there are many options to choose from. Some of the top companies include American Express, Chase, and Discover. Be sure to research the different companies and their offerings before choosing a credit card.

In conclusion, a gas credit card can be a great way to save money on gas purchases. However, it's important to understand the rewards structure, annual fees, and interest rates before applying for a card. Additionally, be sure to implement other money-saving strategies, such as using gas price comparison apps and maintaining your car. By taking these steps, you can save money and make the most of your gas credit card.

Disclaimer: the above content belongs to the author's personal point of view, copyright belongs to the original author, does not represent the position of HOWRE Finance! This article is published for information reference only and is not used for any commercial purpose. If there is any infringement or content discrepancy, please contact us to deal with it, thank you for your cooperation!
credit cards for gascash back rewardscredit scoreannual feesinterest rates
Link:https://www.howrefinance.com/creditcards/992.htmlShare the Link with Your Friends.
Prev：What Happened in the Stock Market on 7/21/23Next：What Caused the Surge in Stock Prices to Reach 1000?

Article review

Related Topics

  • How to Compute CPR: Tips and Tricks

    Learn how to calculate CPR, a measure of how quickly mortgages in a security are being paid off. Use prepayment models and historical data to make informed investment decisions.

  • How Bonds Become Polarized

    Bond polarization refers to the divergence of opinions among investors regarding the future direction of interest rates, causing volatility in the bond market. Central bank actions and economic data releases contribute to polarization.

  • How to Find the Best Etrade Money Market Rates

    Learn how to find the best Etrade money market rates by comparing rates, considering minimum deposit and balance requirements, and investing wisely. Discover the basics of money market accounts to earn higher interest rates while maintaining liquidity.

  • What Are Credit Cards in Economics?

    Credit cards are a type of revolving credit that offer convenience and rewards, but come with risks and costs. They stimulate economic growth and help build credit, but can lead to debt and fraud.

  • When did the bearish trend begin?

    The bearish trend in the stock market began in late 2018 due to rising interest rates, trade war, and political uncertainty. Diversification and value investing are recommended strategies for investors.

  • What You Need to Know About Credit Cards: A Comprehensive Guide

    Credit cards can be a useful financial tool, but can also be dangerous if not used responsibly. This guide covers the pros and cons of credit cards, how to choose the right card, and how to use them responsibly.

  • What is the debited account for same-day stock dividend distribution?

    Understand which account is debited during a same-day stock dividend distribution. Retained Earnings account is debited when a company issues a stock dividend.

  • Who is at Risk from Risk Management and Internal Control?

    Risk management and internal control are crucial for cryptocurrency investment. Investors, especially those unfamiliar with blockchain technology, are at risk of fraud, scams, and poor investment decisions. Effective risk management strategies and staying informed about the market can help mitigate these risks.

  • What Are the Top Credit Cards for Unemployed?

    Discover the best credit cards for the unemployed, including secured cards and options for people with bad or fair credit. Compare offers and follow these tips to build or improve your credit score.

  • What Prompted Buffett's Sale of Bank Stocks?

    Why did Warren Buffett sell his bank stocks? Possible reasons include concerns over the economy, a shift in investment strategy, and regulatory concerns.

  • What is Self-Funded Health Insurance?

    Self-funded health insurance is a plan where employers pay for their employees' healthcare expenses directly instead of paying premiums to an insurance company. It allows for cost savings and customization, but can be risky for smaller employers.

  • What's Driving Radico Khaitan's Stock Price Surge?

    Radico Khaitan's stock price surge is driven by strong financial performance, expansion plans, strong brand equity, and attractive investment opportunities.