The Best Gas Rebate Credit Cards

Published 9/2/08 (Modified 3/11/14)
By MoneyBlueBook

Updated List Of The Top Gas Credit Cards To Earn Cash Back Spending Rewards

My gosh, gas prices are so incredibly and insanely high these days it's getting ridiculous. These days I'm paying more than $50 just to fill up my Honda Accord sedan and it's hurting my wallet more and more. If this keeps up I may need to invest in a fuel efficient moped or Segway scooter just to save money. Is the planet really running out of gasoline or is this recent ramp up in fuel prices caused by temporary squeezes in supply and demand speculation? I'm not sure the exact cause of the price hikes. Perhaps the supply costs have been skyrocketing because of recent world wide instability and ongoing conflicts in gas producing regions of the world such as the oil rich Middle East. Whatever the reason, it's the everyday Joes and Janes like you and I who suffer the most.

As ordinary consumers, we really have little say on the matter beyond griping to ourselves and shaking our fists in pointless defiance at the almighty gas pump. Unless our government or society as a whole can expedite plans to develop self sufficient alternative forms of energy to power our vehicles, gas prices will likely continue to increase unabated for the foreseeable future. Until we can replace our total dependence and thirst for such fossil fuels, and substitute it with other alternative fuels such as solar, hydrogen, ethanol, or heck, even vegetable oil (or at the very least greatly improve on the efficiency of our current electrical fuel cell technology), we are likely going to keep suffering through super high gas prices for some time.

But as consumers, we do have a valuable financial tool at our disposal - gas credit cards, which offer cardholders the ability to earn cash back rebates and rewards of up to 10% back in some cases on all gas related purchases. Of course, clipping coupons is another option, but then again, when was the last time you actually saw a coupon out there that offered gas station related savings - they just don't exist. Using an online tool like Gas Buddy to seek out the lowest gas prices in the neighborhood or area is a great way to lower the cost of gasoline spent, but the reality is that it's not always possible to make it to the cheapest gas station everytime. Sometimes you just have to make do with what's nearby.

That's why gas credit cards are so useful for those who can properly manage the use of credit cards and credit card rewards. The cash back rebates you can earn on all gas purchases is universally applicable and can be earned at any gas station location or brand regardless of where you go. These gas cards are oftentimes going to be the best overall bet when it comes to saving money on gas at the pump.

After searching and carefully scrutinizing all of the best gas credit cards available, here are the top gasoline rebate deals I think are the most worthy of mention.

My List Of the Best Gasoline Credit Card Reward Offers:

1. Blue Cash Everyday® Card from American Express - Get 3% cash back at U.S. supermarkets, 2% cash back on gasoline at U.S. gas stations and select U.S. department stores; 1% cash back on other purchases. The first $6,000 of purchases at U.S. supermarkets in a calendar year qualifies for 3% cash back; 1% thereafter. Cash back is earned on eligible purchases and is received in the form of Reward Dollars that can be redeemed as a statement credit. Terms and Restrictions Apply.
2. TrueEarnings® Card from Costco and American Express - This credit card offer is ideal for Costco warehouse club members. All rebate rewards earned are awarded as Costco reward coupon issued annually. This offer promotes 3% cash back on gasoline at U.S. gas stations, including at Costco, for purchases up to $4,000 per year (1% thereafter); 2% cash back at U.S. restaurants; 2% cash back on eligible travel purchases; including at Costco and 1% cash back on other purchases, including at Costco. Terms and limitations apply. This card has no annual fee as long as the cardholder has a paid Costco membership. Terms and restrictions apply.
3. Chase Freedom® - Get 5% bonus cash back in popular, rotating categories like gasoline purchases, restaurants and more subject to quarterly enrollment and quarterly maximum spend limits. Earn unlimited 1% cash back for everything else thereafter. Terms and Restrictions Apply.