Using Chase Freedom card at Costco gas stations to receive 5% cash back?

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insertnamehere
 
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Using Chase Freedom card at Costco gas stations to receive 5% cash back?

Postby insertnamehere » Sat Jun 21, 2014 2:52 pm

I am considering applying for the Chase Freedom rewards card right now because of its tempting $200 bonus after you spend $500 in the first 3 months. Also because the 3rd quarter has gas stations included in its 5% cashback schedule. I will be vacationing in Maui in August and I anticipate that I will be spending a significant chunk of money on gas while there, so it would work well for me. Although I intend to purchase most of my gas at costco since I am a member and it will be cheaper than at independent gas stations. I was wondering, however, if using my Chase Freedom card at costco gas stations will still yield me the 5% cashback or does that only work at stand-alone stations?


websteth
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Postby websteth » Sun Jun 22, 2014 8:28 am

Considering Costco only accepts American Express or debit cards, the freedom will not work there so I'm sure stand alone is the only option.
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Postby benhollberg » Sun Jun 22, 2014 3:35 pm

If you're already a Costco member then go for the AMEX TrueEarnings card which gives 3% back on gas all year, up to $6k in spend I believe. It's no annual fee with your Costco membership and has other decent categories. This would be your best option if you only plan to buy gas from Costco.
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CarefulBuilder14
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Postby CarefulBuilder14 » Sun Jun 22, 2014 6:40 pm

It sounds like the Costco Amex is the way to go for gas purchases.

For non-gasoline purchases at Costco, a different Amex might give you better rewards. Maybe the Fidelity Amex for 2% cash back on all spending?

Be aware that, generally speaking, gas purchased at warehouse clubs does not qualify as gasoline category spending. That is, a warehouse club gas station may accept a particular card but the issuer may not give extra rewards.
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Postby benhollberg » Mon Jun 23, 2014 9:55 pm

CarefulBuilder14 wrote:Be aware that, generally speaking, gas purchased at warehouse clubs does not qualify as gasoline category spending. That is, a warehouse club gas station may accept a particular card but the issuer may not give extra rewards.


Good point. I am not completely sure if you receive 3% back on gas, although I would imagine you would. I don't remember the last time I bought gas at Costco.
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CarefulBuilder14
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Postby CarefulBuilder14 » Mon Jun 23, 2014 10:49 pm

The Costco Amex does give 3% back on gas at Costco gas stations, as well as Mobil, BP, and so forth.

I don't know if the Costco Amex would give you 3% back on gas from a non-Costco warehouse club like BJ's Wholesale.

Executive members at Costco, though do not get the extra 2% rebate on gas purchased at Costco.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
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