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Best Credit Cards for Gas Savings
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Posted On :
Aug-03-2011
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Article Word Count :
553
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There’s little doubt that gas prices will still be a big consideration in most household budgets in 2012, and alternate transportation isn’t always an option, so we all want to do what we can to cut spending on gas. Credit cards are the best way for gas savings.
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It's no secret that gasoline prices have been outrageous in the past months. They've been so high that many car owners have resorted to trading in their SUVs for more gas-mileage-friendly compact or hybrid cars. Some car owners are even taking on a different lifestyle and beginning to take only public transportation. But did you know that there are actually credit cards available that can help you save on the gas that you buy? Following are the best credit cards available for gas savings:
1. Discover Open Road Card
The Discover Open Road Card will give you 2% cash back automatically when you use the card at any gas station—up to $250 per billing cycle. Many people prefer general credit cards such as this one over gas station-specific cards because they're simply more convenient. Furthermore, the Open Road Card also provides up to 1% unlimited cash back on all purchases, no matter where they're made, and there's no annual fee to worry about.
2. American Express Premier Rewards Gold Card
This credit card gives you your gas savings and benefits in membership rewards points. You can earn two times the points on gas and groceries, three times the points on airfare, and the standard amount of points on everything else. Furthermore, there's no annual fee for the first year; after that, your annual fee is $175.
3. Capital One No Hassle Cash Rewards Card
Capital One's credit card offers 2% cash back on gas, just like Discover's Open Road card above. The big difference between the two is that there's no limit on the cash you can earn—and your cash won't expire! You can redeem your cash rewards any time and for any amount, so this rewards system is convenient and easy to use. The annual fee for the No Hassle Cash Rewards Card is a mere $39.
4. True Earnings Card from Costco and American Express
This card may be one of the best for gas savings and features. It's the only credit card on the market at this time that offers a flat 3% cash back on all gas purchases—up to $3,000 per year. If you're a Costco member, then you get this card with no annual fee. Furthermore, you can earn 3% cash back on all restaurant purchases, 2% on travel purchases, and 1% on everything else—and that includes your Costco purchases!
5. Pen Fed Visa Platinum Gas/Cash Rewards Card
With "gas" in this credit card's name, you know it has to have some great features. The Pen Fed Visa Card offers an astounding 5% cash back on all gas purchases with no spending levels or tiers. Furthermore, you can get 2% cash back at the supermarket and 1% on everything else. The only big drawback with this card is that you must be a member of the Pentagon Federal Credit Union to be a cardholder.
There you have the top five credit cards when it comes to gas features, savings, and benefits. Which card are you going to apply for to make buying gas a little less painful?
Katrina Robinson is a freelance writer and editor who covers a wide variety of finance topics including the best 0 APR credit cards, balance transfers cards, and reward credit card offers.
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Article Source :
http://www.articleseen.com/Article_Best Credit Cards for Gas Savings_70831.aspx
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Author Resource :
Credit Card Assist
http://www.creditcardassist.com
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Keywords :
Gas prices, credit cards,
Category :
Finance
:
Credit
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