The Best Gas Rebate Credit Cards Ranked
Don't you wish you had a gas rebate credit card in your wallet while over-paying at the pump this summer for Memorial Day Weekend and upcoming family vacations? The analysts are speculating that the price at the pump will be as high as $5.00 plus a gallon. With Spring break coming up and gas prices going higher you would behoove yourself not to get a card now especially while Chase Freedom is running a 5% promotion. If you want a year-round gas saver then you should reach for the PenFed card and sign-up for their Credit Union. It should take a few extra minutes but you will at least have a few gas cards to prepare you for the rising gas prices ahead.
Gas prices are not falling anytime soon and have been acknowledged as the nation's top personal economic problem ahead of health care and making mortgage payments. The last few years we have seen plenty of gas rebate credit cards from the credit card issuers while gas prices are making history with record highs of our lifetime. It has been since 2008 since gas prices all over the country went over the $4 mark and now it is back. Hurricanes, Floods, Terrorist Attacks, and Earthquakes in California have and will continue to effect gas prices as the War in Afghanistan, the Iran threat, nuclear threats in North Korea, and a gas shortage in America will take place if these events unfold. There is one thing that we can do and that is start using better spending habits at the pump with some new weapons of our own: Credit Cards! These are credit cards that give you back the most and will keep your gas tank smiling with rewards.
The American Express card mentioned in our top ten is a full 2% back on gas purchases among other great benefits and rewards. Two percent back on gas is double the pleasure savings you get from the industry standard 1% back cards. The Discover Open Road Card also gets you 2% cash back at gas stations and at restuarants all year long instead of just for months at a time but has a limit of $250 each month which can add up fast especially with gas at over $3.50 a gallon in most areas.. A better choice is the Discover More Card (Platinum) where they offered 5% Cash Back on Gas purchases up to $1,500 from July 1st to September 2012, and are now offering 5% back on ALL online purchases to save you from having to spend money on driving to the mall. This is great for Summer Travel with gas prices and temperatures going up. The all-time champion of gas cards is no longer a card just for this purpose but they do offer the gas promo part of the year. If you wish for a freedom to choose which gas station you want this is the perfect card with $100 cash back bonus for new cardmembers for signing up and spending a certain amount. They also plan to run a 5% GAS Cash back which started in JULY. This card is a MUST HAVE for Summer Travel.
If you don't mind joining a credit union this is your card: PenFed, the Pentagon Federal Credit Union, offers a platinum Visa which gives 5% back on gasoline purchases and 2% back at grocery stores, even an additional 1.25% on everything else. Now this is a card that is worthwhile to carry around everywhere you do your most frequent spending. The catch to this card is you have to be in the military or a military family. All we had to do to sign up for the PenFed card was to open up an account with them and put $5 in it. That pays for itself.
Chase recently retired one of the popular gas cards known as the BP Gas Card. They brought back some cards that were even stronger with similar names through a creative process due to all of the new laws clamping down on rewards cards customers. If you do not wish to go with the corporate products here are some alternatives that you may not see in your bigger banks or advertised on TV:
04. Citi® Diamond Preferred® Rewards Card - 5 reward points for every $1 spent on purchases at gas stations
How many years did it take gas prices to top the $1 mark? Answer: It took 60 years for gasoline pump prices to hit $1 back in 1980.
-Join the Military or get in good with a Military Family so you can get the PenFed Card and get 5% Cash Back.
-American Express changes terms for their Blue Card.
-Chrysler introduced a card where you can pay just $2.99/gallon for gas for 3 years. The catch is that you have to buy a Chrysler, Jeep or Dodge vehicle and enroll in their Refuel America program. If you are out to buy a car right now then this might just be an additional "economic stimulus".
The Ups and Downs of Gas Prices
We have seen gas shortages in the United States due to natural disasters and things that were out of our control and there has been an increased number of inquiries for gas prices in California, Michigan, Illinois, and even in Dallas on sites like GasBuddy.com and GasPriceWatch.com. National gas prices are at an all time high and the common fear is that this may only continue to rise. Alternative forms of energy are gaining more ground than ever now that current gas prices show no sign of slowing and the price of oil nears the $90 a barrel range.
We want your opionion on consumer gas credit cards. Receive a Free $40 gas pre-paid card! Send us an article reflecting your experience 200 words or more on any of the above cards or one that we did not mention. We are also looking for gas saving tip articles. Email to email@example.com and if we select your article to post online (must not be posted anywhere else online then we will send you a $40 gas card. We may also reserve the right to paypal the money if we are out of pre-paid gas cards.
Thinking of trading in your gas guzzling car to save money on a hybrid or a low gas mileage VW? You should also consider our other gas tips: