Gas Thoughts

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
MB131174
Centurion Member
Centurion Member
 
Posts: 512
Joined: Mon Mar 05, 2012 10:58 am
Location: PA

Postby MB131174 » Thu Sep 18, 2014 6:09 pm

I'm so lucky to not have to worry about gas for the most part. I spend maybe $125 a month on gas, if that, unless I'm heading out of town. Even then, I don't worry about "OMG! I need to save that extra penny!" The stress of worrying about saving an additional penny or percent isn't worth the hassle. Convenience > one penny to me.
stalk me
KIK: WMB1974


wiivile
Centurion Member
Centurion Member
 
Posts: 151
Joined: Mon Apr 22, 2013 10:05 pm
Location: New York, NY

Postby wiivile » Fri Sep 19, 2014 7:16 am

I buy the anti-gas pills (simethicone) at the dollar store, they work great. Don't get any bonus points on them though.
    Chase Sapphire Preferred Visa Signature: 11/2013, $15,000 CL
    Chase Freedom Visa: 11/2009, $4,700 CL
    U.S. Bank Cash+ Visa Signature: 11/2013, $11,200 CL

takeshi
Centurion Member
Centurion Member
 
Posts: 1741
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Fri Sep 19, 2014 8:02 am

CarefulBuilder14 wrote:Also, the rebate check is different from the TrueEarnings card, and there is no rebate on gas - just warehouse purchases (and some special things you can buy through Costco). I am letting my pulls cool off before getting the TE, but I expect the cash back is earned and redeemed just like any other Amex cash back. The rebate check just applies to warehouse purchases, and is a feature of a higher-priced Costco membership.

Sorry, I was referring to the TE's reward coupon which is issued annually in February. As a TE holder I can assure you that all rewards earned on the TE are redeemed via the coupon.

See also:
https://www304.americanexpress.com/credit-card/costco-american-express/25330
You will receive your Cash Back annually in the form of a reward coupon.


CarefulBuilder14 wrote:Well, of course you have to factor in time and convenience. Also, cleanliness (no construction debris to damage your tires, etc) and pump equipment that works well.

Was just picking nits. Best is quite often used without qualification across the intertubes. No argument from here that the TE is probably best based on pricing but price doesn't trump all else for everyone.

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 4438
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Tue Sep 30, 2014 10:08 pm

I noted the prices today. The local Costco gas is nominally 14% cheaper than two other nearby stations. That's before the 3% cash back if someone has TE, before rewards on any other Amex, and assumes the credit price at other stations for regular.

Even I was surprised at the price disparity. No other station/card/bonus category/transfer partner combination is going to come close to that when it comes to routine, long-term use (that is, not hitting a spending target for a signup bonus).

Are others seeing such extreme price differences? The non-Costco stations here have only barely lowered their prices recently.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

User avatar
Vattené
Centurion Member
Centurion Member
 
Posts: 1219
Joined: Sun Jan 26, 2014 3:55 am
Location: US

Postby Vattené » Tue Sep 30, 2014 10:57 pm

Everyone is pretty much the same here, but only because I live in a rural area now (the exception is Shell, which is consistently $.05+ higher). The best one can hope for is Walmart gas station undercutting everyone by a penny.
-Vattené
FICO-8: EX - 827 (5/17) | TU - 824 (5/17)
My Cards: Barclay Arrival+ | Discover it | Amex ED
AU:: Discover Miles | BofA BBR | Barclay Commence (SD'd)

rockyrock
Centurion Member
Centurion Member
 
Posts: 895
Joined: Thu Mar 21, 2013 6:06 am
Location: Ventura, CA

Postby rockyrock » Wed Oct 01, 2014 8:36 am

There is a huge disparity in this area not just in who selling it but where. First off most offer a cash discount of 5 cents per gallon which really cuts into your point earning. I've seen stations just a mile apart and charging $1 more per gallon--it's madness. I'm not the type to drive too far to save 5 cents a gallon but to save a buck a gallon I'll do some traveling.

I am fortunate enough to live near a Navy base so we gas up there. In addition to being competitive with Costco prices it is viewed as a regular gas station so both Discover (Q3) and BCP max out there.
Sapphire Reserve: travel & dining
Blue Cash Preferred: groceries & gas
Freedom: 5% cats
Double Cash: everything else

TheSwarm
Platinum Member
Platinum Member
 
Posts: 74
Joined: Wed May 28, 2014 1:13 am
Location: California

Postby TheSwarm » Wed Oct 01, 2014 11:07 am

rockyrock wrote:There is a huge disparity in this area not just in who selling it but where. First off most offer a cash discount of 5 cents per gallon which really cuts into your point earning. I've seen stations just a mile apart and charging $1 more per gallon--it's madness. I'm not the type to drive too far to save 5 cents a gallon but to save a buck a gallon I'll do some traveling.

I am fortunate enough to live near a Navy base so we gas up there. In addition to being competitive with Costco prices it is viewed as a regular gas station so both Discover (Q3) and BCP max out there.


I have been pondering this one as well. Where I live gas is normally $4.00 / gallon and it's normal to get a 10 cent / gallon discount for cash / debit.

So I would need to get 2.5 points / dollar spent to break even with the cash discount. 2.5 points * $4.00 = 10 points.

5% is definitely worth it. 5 points / dollar * $4.00 = 20 points

So BCP, Sallie Mae, Costco 3%, and BoA Cash Rewards 3% would be worth it. But since I don't have any of those would it be worth it to just use debit when my freedom doesn't have the 5% on gas?

Michael
Platinum Member
Platinum Member
 
Posts: 75
Joined: Sat Jun 07, 2008 6:11 am
Location: Illinois

Postby Michael » Wed Oct 01, 2014 11:24 am

Don't use debit ANYWHERE, but especially NOT at the gas pump.

Haven't you heard of debit customers getting their checking accounts drained from all the breaches?

Not a good idea. Use Freedom at 1% or cash, if these are your only alternatives !!

User avatar
nismoZtuner
Centurion Member
Centurion Member
 
Posts: 1105
Joined: Thu Jun 27, 2013 12:39 pm
Location: EARTH -CA

Postby nismoZtuner » Wed Oct 01, 2014 1:35 pm

Michael wrote:Don't use debit ANYWHERE, but especially NOT at the gas pump.

Haven't you heard of debit customers getting their checking accounts drained from all the breaches?

Not a good idea. Use Freedom at 1% or cash, if these are your only alternatives !!



I have told that to my debit only friends to use credit instead (have the bank get screw not you) and they still say debit over credit- there is just no way of getting it to them
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710
BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]
American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]
Chase Sapphire Preferred[7.3]
Inquires: TU(?) EX(?) EQ(?)
TCL-$19,800
Age-22

TheSwarm
Platinum Member
Platinum Member
 
Posts: 74
Joined: Wed May 28, 2014 1:13 am
Location: California

Postby TheSwarm » Wed Oct 01, 2014 2:47 pm

Ya. For me gas is a purchase I will either get 5% back on or use cash for the 10 cents per gallon discount. No other options seem worth it to me. I really wish Freedom just gave 5% on gas year round.

I guess you could argue that MR points could be worth more than 1 cent / point. So you could use an EDP or PRG and get 2points/dollar.



Return to “Rewards”

Who is online

Users browsing this forum: No registered users and 3 guests