The Best Gas Rebate Credit Cards Ranked
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. In 2008, Gas prices all over the country went over the $4 mark (and it will be back). Hurricanes, Floods, Terrorist Attacks, and Earthquakes
in California have and will continue to effect gas prices as the War in
Iraq, 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.
See the complete list of Gas Credit Card Applications
Gas Rebate Cards that did not make it into the top 2:
The economy is shrinking and banks are merging left and right and that makes them less consumer friendly when the gas card line-up shinks as well. Chase recently retired one version of the Freedom Card and the BP Gas Card. Here are some alternatives that you may not see in your bigger banks or advertised on TV:
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.
The National City Everyday Rewards Elite Visa is another choice for gas savings at 4% but it caps out at $200 every month. But you get 3% back on movie-watching and video rentals and 2% back on groceries and dine in and fast food restaurants which also has a cap per month. The other up to 1% on this card is similar to Discover where its not even worth using the card unless you are using it for reward categories that pay the most.
05. Citi® Diamond Preferred® Rewards Card - 5 reward points for every $1 spent on purchases at gas stations
06. Wal-Mart Credit Card - Save 3 cents per gallon on gas purchases at Wal-Mart and Sam's Club locations.
07. Shell MasterCard (Citibank)
Disadvantage: Great promo rebate of 5% rebate on gas purchases and 1%
rebate on general purchases but limited to Shell and rebates expire. Card
has changed hands too many times.
08. Hess - FULL 5% back on Hess gas purchases after 90 days and 10% promo period.
09
. Speedway SuperAmerica - 10,000 bonus points after first use.
10. Citi Drivers Edge - Rewards you for mileage.
11. Wawa Gas Visa - saves on all supermarket purchases and gas at Wawa stores.
12.
AAA Diamond Advantage VISA (MBNA)
13. Phillips 66 / Conoco / Union 76 MasterCard (Citibank)
14. Citgo Preferred Platinum VISA (Citibank) – This was my very
first gas rebate card but only pays 1% back on everything although it
does come directly on your statement. (recently updated 9/21/06)
15. Tesoro Petroleum MasterCard (Juniper) - earn 3 points per dollar on gas station credit card purchases, 1 point per dollar everywhere else. You may redeem points for airline tickets, gift cards, merchandise.
16. Cash Plus Visa Card (Chase) - formerly rated the best long term Gas related credit card (9/8/05). This card provides a FULL
5% back) but we feel the waiting for $50 increments to receive checks take way too long. First place went to the Cash Plus Visa Card from Chase when this was a new
credit card even better than the Perfect Card if you
do not mind waiting for the $50 check vs. getting the rewards put on your
account each month automatically. This card is not hassle-free because having to call in every time you finally rack up $50 in rewards is very time consuming and could be avoided with Perfect or Discover cards.
17. The ExxonMobil
MasterCard (Citibank) – We currently boycott Exxon. I would
rather run out of gas than fill up at Exxon (even though we love Citibank
products). Jim Cramer calls them a bank masquerading as an oil company. Exxon proves to be bad for the environment, bad for stockholders (since they are not re-investing in better oil alternatives), and bad for consumers who believe in alternative energy. Compare the Exxon Mobil Card to the Shell MasterCard.
18. The Valero/Diamond Shamrock gas card also qualifies for the reject gas card. It provides nothing for the consumer but a "convenient gas card". Valero may have lots of oil refineries but offer little as a retail gas card.
19
. Holiday Gas Stations - If you live in the midwest you get a 4% discount with a prepaid gas card. Holiday accepts gas coupons including competitors’ coupons. The Twin Cities Entertainment book has coupons for $1 off per month off your gas purchases of 8 gallons or more which can be used at Holiday.
20. Chevron Gas Card - also works at Texaco gas stations.
21. Lukoil Gas Card - This credit card from Juniper Bank allows you to earn 4% on gas credit card purchases at Lukoil and Getty gas stations, 1% everywhere else. You get a $10 bonus on your first use and you get double rebates for the first 60 days. Note: Lukoil has recently been in the news since they are a Russian owned oil company.
22. Sunoco MasterCard - earn a full 4% rebate on Sunoco gas card purchases, and up to 1% everywhere else you use the Sunoco credit card. This MasterCard branded with Sunoco also offers a 0% for 6 months offer.
23. Irving Platinum Visa card (Chase Bank) - where you
can earn rebates on Gasoline + Home Heat + Convenience Store purchases. Earn 3 points for every $1 spent on Irving Oil products and services and 1 point for every $1 spent on everything else. It only takes 2,000 points to get a $20 Irving Reward Certificatewhich is sent automatically. You also get 500 free points after your first purchase.
24. An honorable reject was the Gulf Mastercard (Fleet Bank) which
does not even send you to an application online on their website. We finally search online long enough to find a site that says you now get 3% rebates on gasoline credit card purchases at Gulf gas stations and the typical 1% everywhere else with Juniper Bank.
25. Kroger 123 Rewards MasterCard saves you 15 cents per gallon on gas plus the 3 cents per gallon with their store plus card.
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.
Latest News:
-Discover Card has sent out a letter to it's cash back cardholders of the Open Road card saying they have until 2010 to get the 5% rewards.
-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".
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 creditpartners(@)Gmail.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:
|
