Gas Credit Cards
Gas credit cards are credit cards especially made for gasoline and automotive-related purchases. They often provide special cash-back, discounts, and other benefits on such purchases. Here are the best gas credit cards.
All about gas credit cards
My favorite gas credit cards
One day while I was filling up my car at the local gas station (Kwik Trip) I noticed an advertisement at the pump for their credit card. They were offering $20 in free gas and a free XM radio for getting their card. I couldn't refuse, so I went to their website and applied for it. I was instantly approved--I think most people are, seeing how desperate they are for customers--for $500 and received my card in about a week.
And sure enough, I received a $20 credit to my card and a coupon for a Sirius XM Radio. So far they have been a good creditor, reporting to all three credit bureaus and I haven't had any trouble. I found a little extra bonus too when I signed up for online statements--I received an additional $10 credit to my card. And also, I have access to coupons for free and discounted food and items in their store.
The only downside I can think of about strictly gas cards is the high APR. Most non-branded cards (without a Visa logo, for example) have a very high interest rate--quite often far over 20%. I don't carry a balance with a gas card, I usually pay it all off before any interest accumulates.
In addition to strictly gas cards, some Visa, Mastercard, Discover, and American Express gas cards give money back, such as the Discover® Open Road (SM) Card and its brother for students, the Discover® Student Open Road (SM) Card. This card gives 5% cash back on fuel and automotive purchases. I find it to be one of the best gas cards out there, and the APR is much, much lower than that of traditional gas cards. The interest rate of my Open Road card is 16.99%, so that is much better than the usual 21-25%.
Another really great gas credit card is the Speedway® SuperAmerica® Platinum MasterCard®. It offers:
And it also has a great APR to go with it, as it is a Mastercard and not a plain gas card.
And sure enough, I received a $20 credit to my card and a coupon for a Sirius XM Radio. So far they have been a good creditor, reporting to all three credit bureaus and I haven't had any trouble. I found a little extra bonus too when I signed up for online statements--I received an additional $10 credit to my card. And also, I have access to coupons for free and discounted food and items in their store.
The only downside I can think of about strictly gas cards is the high APR. Most non-branded cards (without a Visa logo, for example) have a very high interest rate--quite often far over 20%. I don't carry a balance with a gas card, I usually pay it all off before any interest accumulates.
In addition to strictly gas cards, some Visa, Mastercard, Discover, and American Express gas cards give money back, such as the Discover® Open Road (SM) Card and its brother for students, the Discover® Student Open Road (SM) Card. This card gives 5% cash back on fuel and automotive purchases. I find it to be one of the best gas cards out there, and the APR is much, much lower than that of traditional gas cards. The interest rate of my Open Road card is 16.99%, so that is much better than the usual 21-25%.
Another really great gas credit card is the Speedway® SuperAmerica® Platinum MasterCard®. It offers:
Earn Speedy Rewards%u2122 Points with every purchase you make on yourSpeedway® SuperAmerica® Platinum MasterCard®!
- 40 extra Speedy Rewards points for every $1 spent at Speedway and SuperAmerica in addition to the points you earn on every Speedy Rewards purchase.
- 10 Speedy Rewards points for every $1 spent everywhere else MasterCard credit cards are accepted.
- Plus 10,000 bonus points after first use!
- These
points are above and beyond the points earned by presenting your Speedy
Rewards membership card at Speedway and SuperAmerica stores!
And it also has a great APR to go with it, as it is a Mastercard and not a plain gas card.
Popular Gas Credit Cards
Some Prime Gas Credit Cards
- Discover® Open Road SM
- 0% Intro APR*
- Save at the pump and everywhere else.*
- 5% Cashback Bonus® on gas and auto maintenance purchases
- 5% to 20% Cashback Bonus at top online retailers*
- Up to 1% Cashback Bonus on all other purchases
- Unlimited cash rewards
- Increase, even double, the value of your rewards when you redeem for gift cards from our 100 Cashback Bonus Partners
- Discover® Student Open Road SM
- 0% Interest* on Purchases for 6 Months
- Build Your Credit History
- Full 5% Cashback Bonus® on gas and auto maintenance purchases*
- Up to 1% Cashback Bonus on all other purchases*
- $0 Fraud Liability Guarantee
- No Annual Fee
- Chase BP Visa® Rewards Card
- 0% APR for up to 6 months
- No Annual Fee
- Double Rebates for two months
- 5% rebates on all participating BP location purchases
- 2% rebates on all eligible travel and dining purchases
- 1% rebates on all other eligible purchases
- No limit on rebates
- Redeem every $25 rebates for: BP Gift Card, cash, donation to the Conservation Fund
- Speedway® SuperAmerica® Platinum MasterCard®
- 40 extra Speedy Rewards points for every $1 spent at Speedway and SuperAmerica in addition to the points you earn on every Speedy Rewards purchase.
- 10 Speedy Rewards points for every $1 spent everywhere else MasterCard credit cards are accepted.
- Plus 10,000 bonus points after first use!
- These
points are above and beyond the points earned by presenting your Speedy
Rewards membership card at Speedway and SuperAmerica stores!
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Posted August 27, 2008
