What is the best way to pay for gas?

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boo
 
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What is the best way to pay for gas?

Postby boo » Sat May 26, 2012 2:23 pm

Well as a new card user for American Express, I got the Blue Cash Everyday card for their cash bonus. I normally pay for gas with cash since I think we get a better discount for gas prices, but is there any affect when using my new credit card?

I'm a California resident by the way and just wanted to know if I'll be paying any "extra" fees or "higher" gas prices than advertised if I used cash?


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Postby Money card » Sun May 27, 2012 10:02 pm

That depends on the gas station you go to.

For example in Paramus near Garden State Plaza (NJ) there's an Exxon Mobil gas station where attendant was telling me that they don't charge extra for using a credit card, like your Blue Cash. But if you go to the Exxon Mobil in Ramsey or Allendale there is a extra charge.

It depends on the gas station. You will see signs as whether they charge extra for using your credit card or the same price for both cash and credit.

CFE Sleuth
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Postby CFE Sleuth » Sun May 27, 2012 10:16 pm

I know here in Texas some places advertise a better price for cash, but every place is different. I think you'll just have to see how much less it'll be for you per tank, per week, per month and per year to pay cash opposed to credit, and then figure out what you'll get back with your BCE at the end of said year to determine which best makes sense to you.

I use my BCE in conjunction with my discover (when gas is the 5% catagory) and my capital one cash rewards (where I get a 50% bonus each year on what my rewards are, making it 1.5%). Essentially, I just use whatever makes the most sense that month and it usually just makes sense to do this opposed to cash.
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Crashem
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Postby Crashem » Mon May 28, 2012 12:16 am

Get Penfed plat reward card for 5pt per dollar
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FastSRT8
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Postby FastSRT8 » Tue May 29, 2012 10:51 am

You guys in the States are lucky to get discounts on gas. Up here in Canada, we pay more and no discounts. Atleast as far as I know.
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agp
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Postby agp » Tue May 29, 2012 4:50 pm

Penfed Platinum Cash Rewards is the way to go. I went through a lot of hassle to get it, but it's well worth it. Not to mention it looks great (it looks a little different than what's on the website).

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

DavidNY
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Postby DavidNY » Tue May 29, 2012 6:25 pm

FastSRT8 wrote:You guys in the States are lucky to get discounts on gas. Up here in Canada, we pay more and no discounts. At least as far as I know.


Canadian banks seem to be more conservative lenders and therefore have conservative policies and the government keeps them thoroughly regulated. I didn't see any Canadian bank meltdown like the US had. Canadian Banks are taking over US Banks now. We're all drinking Molson.

At least Canadian gas is a lot cheaper than it is in Europe, and the Scotia Momentum Infinite card offers 4% off gas and groceries, though it does have a $99 AF.

PopiLopi
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Postby PopiLopi » Tue May 29, 2012 7:02 pm

When I used to live in NJ it was cheaper to pay cash in almost every gas station, here in Florida I haven't seen any stations giving better prices for cash, that's why I don't even bother with that. Something I love about the BCP is that you can go to Winn Dixie, and for every $50 you spend they give you 5 cents off you gas at shell and certain items give you extra 5 or 10 cents. Last week my sister spent over $150 between groceries and amazon gift cards and racked up 35 cents off on up to 20 gallons, so she ended up paying $3.20 per gallon, not a bad price for local gas prices
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thomaswhitehall
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Postby thomaswhitehall » Tue May 29, 2012 7:47 pm

Find a station that is same price cash/credit. There are so many gas stations by me it's never a problem. Don't remember the last time I bought gas with cash.

agp
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Postby agp » Tue May 29, 2012 8:00 pm

I live in NJ and 99% stations that have different cash/credit prices differ by by 10 cents, which unless the gas costs less than $2/gallon, you're better off paying with a CC that gives 5%.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred



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