Best Card for Gas rewards

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Dark_Adonis
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Best Card for Gas rewards

Postby Dark_Adonis » Wed Jan 15, 2014 1:55 pm

I want to apply for a new credit card for my family PURELY for the use of paying for gasoline.

I would like to get my parents the card as well, and we spend in total approx anywhere from 7-10K on gasoline per year (91 octane is pretty expensive...)

Any recommendations?
SSN Issued: (01/14)
Discover it FICO Score: 765 (07/15)

Wells Fargo Platinum Signature Visa - $10,000 (03/14)
Discover it - $4,000 (10/14)
Chase Freedom Visa - $3,500 (09/15)
Chase Sapphire Preferred $26,000 (09/16)
American Express Mercedes Benz Platinum Card - NPSL (06/16)


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bisbicos
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Postby bisbicos » Wed Jan 15, 2014 5:55 pm

My first suggestion would be the Chase Freedom card except it is only offering 5% back on gas 6 months out of the year. Both Fort knox fcu and Penfed have credit cards that give 5% cash back, but you must become a member of the credit union first. Blue cash prefered by American express gives 3% on gas and 6% back at supermarkets and would probably be the least complicated card to apply for.
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink

TheLethargicAge
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Postby TheLethargicAge » Wed Jan 15, 2014 6:28 pm

Sallie Mae MC--5% cashback on the first $250/month
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)

chas0039
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Postby chas0039 » Wed Jan 15, 2014 8:06 pm

TheLethargicAge wrote:Sallie Mae MC--5% cashback on the first $250/month


Dumb question: Do they require that you have a student loan or can anyone apply for the card?

Thanks

TheLethargicAge
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Postby TheLethargicAge » Wed Jan 15, 2014 8:11 pm

chas0039 wrote:Dumb question: Do they require that you have a student loan or can anyone apply for the card?

Thanks


Anyone can apply for it
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)

DavidNY
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Postby DavidNY » Wed Jan 15, 2014 8:28 pm

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takeshi
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Postby takeshi » Thu Jan 16, 2014 9:42 am

Dark_Adonis wrote:Any recommendations?

I'd recommend referring to this page on this site:
http://creditcardforum.com/content/best-gas-credit-cards-6/

PenFed was best IMO. No limits on spend. 5% is automatically credited each month. However, a qualifying product is required for 5% or else you only get 3% and you're stuck with a $25 AF after the first year. See also:
https://www.penfed.org/Platinum-Cash-Rewards/

chas0039 wrote:Dumb question: Do they require that you have a student loan or can anyone apply for the card?

Answered above but you can also refer to:
https://www.salliemae.com/credit-cards/sallie-mae-card/?PIT_CODE=1422322033&scKey=XSLHERO001

Dark_Adonis wrote:we spend in total approx anywhere from 7-10K on gasoline per year (91 octane is pretty expensive...)

We spend about $4K on our vehicles that require 91+. Miles driven matter as well.



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