With gas prices continually soaring, every little bit of savings towards fueling your vehicle helps. One of the best ways to save money on gas is through credit cards that provide incentives that involve points and money that can be put towards gas and other expenses. Let’s take a look at some of the best gas rewards credit cards.
Capital One Quicksilver One Cash Rewards Credit Card
The Capital One Quicksilver One Cash Rewards Credit Card is a rewards credit card that is offered by Capital One bank. This card provides point-based rewards for making purchases on the card. It has an introductory APR that is 0% for the first year that you have it. It then goes up to a 22.9% APR. This card gives you 1.5% cash back on every purchase that you make regardless of category. However, it has a $34 annual fee, so you should make sure that you will be earning more than $34 cash back each year before getting this card.
BankAmericard Cash Rewards Credit Card
Bank of America offers the BankAmericard Cash Rewards Credit Card. It has a 0% APR for the first 12 billing cycles, then goes up to 12.99% – 22.99%. This card offers at least 1% cash back on purchases. You get 2% for groceries and 3% for gas. However, there is a quarterly limit of $1,500 of combined grocery and gas purchases for cash back. You get a 10% bonus for redeeming your cash back into a Bank of America account. There is also a $100 reward if you spend $500 in your first 90 days of having the card.
Chase Freedom
The Chase Freedom is a cash rewards credit card that is offered by Chase bank. It has an introductory APR of 0% for 15 months before going up to 13.99% – 22.99%. If you make $500 of purchases in your first three months of having the card, you get a $200 bonus. There are rotating purchase categories that you can get 5% cash back on that include major retailers and gas stations. These purchases have a $1,500 limit per quarter. All purchases that are not in one of the categories get 1% cash back with no limit.
Discover it
The Discover it is a cash back credit card from Discover. It has a 14 month introductory period with 0% APR. The APR increases to 10.99% – 22.99% once the introductory period ends. This card gives you 5% cash back from online purchases up to $1500 per quarter. All other purchases including those made at gas stations get 1% cash back without any limits.
Barclaycard Rewards Mastercard
The Barclaycard Rewards Mastercard is a rewards credit card that is available from Mastercard. This credit card has a 0% APR for 9 months, then it goes up to 22.99%. This card gives you points towards purchases. You get 2 points per dollar spent on gas, groceries and utilities. You get one point per dollar on other purchases. The points can be redeemed to pay for purchases that you’ve made.
If you spend a lot of money on gas, cash back credit cards can be a great way to save money. Be sure to consider your spending habits so that you can figure out which credit card will work the best for you.
