Archive for April, 2015

Best Credit Card for Gas Purchases

Monday, April 13th, 2015

When it comes to credit cards that offer rewards to consumers, the options are endless. Now a days, reward cards are extremely popular and offer anything from 1% to 5% cash back in addition to tempting offers to sign up. So which gas card is the best for you? The following credit cards have been highly rated for gas purchases.

Chase Freedom
The Chase Freedom card not only offers 1% cash back on every day purchases, but offers customers a whopping 5% cash back in various quarterly categories. At least once a year, gas stations are included, meaning you are saving 5% four months out of the year up to $1,500. In addition, the Chase Freedom card offers members a %100 statement credit just for signing up!

American Express Blue Cash Preferred
Looking for a credit card that doesn’t limit how much money you save? The Blue Cash Preferred card by American Express allows you to save 3% with uncapped savings. This means that no matter how often you head to fill up the tank, you are always going to save 3%.

Bank of America Cash Rewards
Want a combination of both of the above cards? Look no further than the Bank of America Cash Rewards credit card. In addition to 1% back on every purchase, you save 3% on gas purchases and 2% on grocery purchases. Capping out at spending at $1,500, consumers have the opportunity to save big all around using this credit card.

United Mileage Plus Credit Card
Even though the United Mileage Plus Credit Card has a $95.00 annual fee after the first year, customers can quickly earn miles if using this card for gas purchases. Consumers earn 1 mile for every dollar, and in addition obtain 30,000 miles just for signing up. This means that every time you purchase gas, you are also earning miles towards free travel.

It is important to search for the best credit cards and offers, especially when it comes to buying gas. With rising fuel prices heading into summer, saving between 1% and 5% can make a hefty difference when heading out on your family vacations. Keep in mind that various credit card offers are contingent on excellent credit, and most cards offer better interest rates to those who have higher credit scores.