3 Ways to Get 5% Rewards on Gas Purchases
Yes, gas prices are high. And yes, they’re going to stay high. But you can at least save a couple bucks each month if you pay by credit card AND pay off your balance monthly. Here are 3 cards that offer a full 5% cashback on gas purchases. All of them also offer 1% cashback for everything else (except where I note otherwise) and come with introductory 0% purchases rates between 6-12 months long if you qualify:
SimplyCash® Business Card from American Express
This is a business card, but you don’t have to own a business to apply! When applying for the card, just enter your name as the business name, your SSN as the business tax ID and choose Sole Proprietor. Here are the full details:
- Earn 5% cash back on office supplies and wireless services
- Earn 3% cash back on automobile gas purchases of up to $12,000 per year; 1% thereafter
- Earn 1% cash back on virtually all other purchases
- Cash back is automatically credited to the statement each month
- 0% Intro Annual Percentage Rate (APR) for up to 12 months on purchases
- No annual fee
Discover® Open Road(SM) Card
This card is just a regular card, but with the added bonus of 5% cashback on gas purchases:
- 0% Intro APR for 6 months on Purchases, and 12 months on Balance Transfers
- Save at the pump and everywhere else.*
- 5% Cashback Bonus® on gas and auto maintenance purchases
- 5% to 20% Cashback Bonus at top retailers through our exclusive online shopping site
- Up to 1% Cashback Bonus on all other purchases
- Unlimited cash rewards
- Increase, even double, the value of your rewards when you redeem for gift cards from our 100 Cashback Bonus Partners
Discover® More(SM) Card
With the Discover® More(SM) Card, you get rotating categories that earn 5% cashback and change every 3 months. Currently, the promotion is 5% cashback on home and clothing purchases, but starting on July 1, the new promotion will be 5% cashback on Gas and Hotels (up to $400). The $400 cap stinks, which is why I recommend the other 2 cards first, but this Discover card does have the rotating categories feature. In fact, starting in October, the new categories will be Groceries, Restaurants and Movies!
- Earn more cash in more ways than anyone elseSM*
- Unlimited cash rewards, automatically
- Up to 20% Cashback Bonus® when you shop online*
- Double rewards with more than 100 Cashback Bonus Partners*
- Customer Service in less than a minute, anytime you want
- 0% Intro APR for 6 months on Purchases, and 12 months on Balance Transfers
Again, I only ask that you’re responsible enough to pay your balance off each month, even if the card has a 0% introductory rate. It’s easy to just let the balance run up while paying the minimum balance. Next thing you know, the intro period is up and you have a large balance subject to interest charges. Otherwise, definitely take advantage of these offers if you’re able (and responsible) because 5% is better than nothing, right!?!
Try one of these related posts too!:
- Credit Cards Do Have Their Rewards
- Get 5% Cashback Bonus on Gas, Hotels, & Theme Parks
- Ways to Save Money #10: Don’t Carry a Credit Card Balance
- Got one new Discover credit card and cancelled another
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Good recommendations. These gas rebate credit cards seem to be getting more and more popular.
Yeah, they may be getting popular but surely there must be a catch somewhere.
The catch on gas cards is that they give you 5% back and most people tend to catry a balance at 20% interest. There is no savings that way.
With the Discover Open Road card, the 5% cashback bonus for automobile related expenditures is capped as follows:
“REWARDS: Earn unlimited cash rewards on all purchases. Earn a full 5% Cashback Bonus on your first $100 in combined gas and auto maintenance purchases each billing period - up $1,200 annually.”