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Best Credit Card Choices for the Gas Pump

Best Credit Card Choices for the Gas Pump

Let’s face it – the only thing consistent about fuel prices is the inconsistency. These daily changes can make even the most disciplined consumer lose sleep; after all, it’s difficult, if not impossible, to budget from month to month when you don’t know how much the gas prices will fluctuate.

With that thought in mind, we thought we’d do a bit of checking to see which of the credit card companies were showing the love for their gas pump customers. Below, you’ll find the best of the best – and we’ll even take you to the application page.

The SimplyCash Business Card from American Express

We all know American Express can be quite generous in its perks, but what you might not know is the new SimplyCash AMEX offers 3% back on automobile gasoline. Pretty impressive, yes? There are other perks – including anywhere from 3% to 10% instant savings on business expenses at places like OfficeMax. Plus, you’ll enjoy 5% cash back on wireless services and there’s no annual membership fee. It’s little wonder this American Express consistently ranks at the top of the list.

The Discover Open Road Card

While the SimplyCash AMEX is impressive, Discover has its own incentive-driven credit card. The Discover Open Road credit card offers an automatic 2% cash back bonus when you use it at any gas station or restaurant.

Further, if you shop through the Discover online store, you’ll enjoy up to an additional 20% cash back bonus. As a further incentive, prepare yourself for the complimentary $75 gift card that’s on its way the moment you use this Discover credit card for the first time and finally, if you’re still not sure if this is the right card for you, consider this: Discover Open Road card carriers receive DOUBLE cash back bonuses (up to $1000) in holiday purchases (though this is a limited time offer).

Additional cards are no problem and card holders receive up to $500,000 in travel accident insurance. Need to rent a car? No problem as you’ll enjoy automatic auto rental insurance. The Discover fraud protection keeps your financial information safe.

The Discover Student Open Road Credit Card

The Discover Open Road credit card even has a program for students. This is a great choice for college students who like to visit home more often than the holidays. A double cash back bonus program at any gas station or restaurant makes those trips a bit more affordable. Also, the 1% unlimited cash back bonus sweetens the deal. Much like the Discover Open Road Card, the Discover Student Open Road Credit Card holders will also benefit from $500,000 in travel accident insurance as well as auto rental insurance and purchase protection.

There are no expiration dates on the rewards you earn, though you must use your card at least once every thirty-six months to ensure you don’t lose those points. This is a fine way for young adults to take control over their credit futures as they move forward with the educations.

The PenFed Visa Platinum Gas/Cash Rewards Card

This gem allows you to earn 5% cash back from gas purchases paid at the pump. There’s no annual fee and you can qualify for up to a $50,000 limit. Further, and for a limited time, card holders can transfer balances at a very low rate. The intro APR is 4.99% and it’s applicable for 24 months. The one big consideration you’ll need to keep in mind is you must be a member of the Pentagon Federal Credit Union.

It’s a fairly painless process to join and you can find more information on the PenFed Visa Platinum credit card page. This is an impressive card with even more impressive cash back rewards and if you’re filling up at the pump often, this just might be the one that allows you to keep it in perspective.

These are just a few of the many offers available that can help you better budget your family’s fuel costs – especially when there are teenagers in the household. Like the cost of gas, teens can be just as unpredictable.

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Copyright © 2020 | Image: Not posted | Categories: Card Rewards, Choosing Cards, Credit Card Tips

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