Card Comparison: Gas Rewards Credit Cards - June 2008
Gas price has reached a historical high $4 for the first time today as oil price skyrocketed $11 in one day to $139 historically. This is a phenomenal development as this is going to change a lot of Americans’ behavior.
Here is list of awesome credit cards that reward gas purchases. I have broken out the list into three parts for consumers, students, and businesses respectively. These credit cards reward at least two units of rewards for each $1 gas purchases, a unit could be one percentage of cash, one mile, or one point.
A few notes that worth attention when you choose are: Discover Open Road Cards (for student or for consumer) have $100 gas spending limit per month while American Express SimplyCash Card doesn’t set gas spending limit. Despite its 5 points per dollar gas reward, Capital One® No Hassle PointsSM Rewards card charges $29 annual fee to card members.
For Consumers…
| Card Name | Reward on each $1 spent on gas | Regular APR | |
 |
Capital One® No Hassle PointsSM Rewards |
5 points ($29 annual fee) | 16.99% |
 |
Chase FreedomSM Credit Card |
3% cash back | 14.99% |
 |
Capital One® No Hassle MilesSM Rewards For Travel & Gas |
3 miles | 13.99% |
 |
Citi® Dividend Platinum Select® MasterCard |
2% cash back (5% for first 6 months) | 10.99% |
 |
The Chase® PerfectCardTM (Gas Rebate Credit Card) |
3% cash back (6% for first 90 days) | 10.99% |
 |
BP Visa® Rewards Card |
5% cash back on BP purchases | 11.99% |
 |
Citi® Diamond Preferred® Rewards Card |
1 point (5 points for first 12 months) | 10.49% |
 |
Capital One® No Hassle PointsSM Rewards |
2 points | 16.90% |
 |
TrueEarnings® Card from Costco and American Express |
3% cash back | 15.99% |
 |
Citi® Professional(SM) Card with ThankYou(SM) Network |
3 ThankYou Points | 10.99% |
 |
Discover® Open Road Card |
5% cash back ($100 gas spending limit per month) | 10.99% |
For Students…
| Card Name | Reward on each $1 spent on gas | Regular APR | |
 |
The Discover® Open RoadSM Card for Students |
5% cash back ($100 gas spending limit per month) | 16.99% |
 |
Citi® Driver’s Edge® Card for College Students |
3% cash back | 14.99% |
 |
Discover® Student Card |
5% cash back | 16.99% |
For Businesses…
| Card Name | Reward on each $1 spent on gas | Regular APR | |
 |
Chase Business Rebate Visa® Card |
3% cash back | 10.99% |
 |
Discover® Business Card |
2% cash back | 13.99% |
 |
American Express SimplyCash® Business Credit Card |
5% cash back | 5.25% |
 |
Discover® Business Miles Card |
2 miles | 13.99% |
 |
TrueEarnings® Business Card from Costco and American Express |
5% cash back | 15.99% |
Important Disclaimer: the credit cards information in this post were accurate as of the date of publishing, some or all of the card programs may be discontinued, their terms may be changed after wards.
Most Commented Posts
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment