Top Gas Rewards Credit Cards in 2020
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A majority of credit cards come with some type of rewards, and this can earn the cardholder some significant amounts of cash if used properly. Smart credit cardholders analyze their spending patterns to determine the card they need in order to maximize their earnings.
If you do a significant amount of driving, you may want to have a credit card that has a good payout on gas purchases. Here are some of the top credit cards with gas rewards:Costco Anywhere Visa® Card by Citi offers a wonderful 4% cash back on eligible gas purchases worldwide, including gas purchased at Costco. These rewards apply to your first $7,000 spent on gas purchases made each year, and you’ll receive 1% cash back on all additional gas. In addition, 3% cash back is earned on all restaurant and eligible travel purchases worldwide, and 2% cash back from all Costco and Costco.com purchases. 1% cash back is earned on all other purchases. Rewards are earned in the form of a coupon that cardholders receive once a year in February, so long as their account is open and in good standing. The coupon can be redeemed at any Costco store by the end of the year for merchandise or cash. The standard variable interest rate of 16.74% (Variable). There is no annual fee for this card with your paid Costco membership, and no foreign transaction fee.
Citi® Double Cash Card – 18 month BT offer offers you the chance to earn cash back twice, once when you make a purchase and again when you pay. You earn 1% cash back on all purchases at the time of the transaction and another 1% when payment is made for a total of 2% cash back. This card also offers 18 months of 0% APR introductory financing on balance transfers, with a 3% balance transfer fee. The balance transfer has to be made in the first four months of being a cardholder. Once the promotional financing rate expires, a standard interest rate of 15.49% - 25.49% (Variable) will apply to the remaining balance, which is a variable rate based on the Prime Rate.
Citi Rewards+℠ Card is a unique rewards card. Citi rounds up the ThankYou points earned with each purchase to the nearest 10. For instance, if a purchase qualifies for 15 ThankYou Points, that reward will be rounded up to 20 points. This occurs for every transaction, no matter how small. The card features a 15,000 ThankYou Point sign-up bonus. To earn the extra rewards, cardholders must spend $1,000 on the card during the first three months of card membership. The card earns two points per $1 spent at gas stations and supermarkets, for the first $6,000 in annual purchases made in those categories. All other transactions earn one point per $1. Cardholders will also get back 10% of their rewards on the first 100,000 points they redeem each year. The Citi Rewards+℠ Card has an introductory APR on purchases and balance transfers of 0% for the first 15 months but the balance transfer has to be made within the first four months of being a cardholder. The standard APR is 14.99% - 24.99% (Variable), depending on credit worthiness. There is no annual fee on this card.
Capital One® Quicksilver® Cash Rewards Credit Card offers customers the same rewards on all purchases with no limits, 1.5% cash back. Rewards never expire, and you can redeem your rewards in any amount and at any time. New applicants also receive a $150 cash bonus when they use their card to spend $500 on new purchases within the first three months of account opening. This card also offers new applicants 15 months of 0% APR promotional financing on both new purchases and balance transfers, with a 3% balance transfer fee. After the promotional financing period expires, the standard interest rate of 15.49% - 25.49% (Variable) for purchases will apply, and the rate you receive will be based on your creditworthiness when you applied.
Discover it® Secured does just that. If you have less than pristine credit, you may want to consider this card. It gives 2% cashback rewards at gas stations and restaurants on up to $1,000 in combined purchases each quarter, and 1% back on all other purchases. At the end of their first year, cardmembers can double all cash rewards they earned. The card has no annual fee. You can build your credit with responsible use since the card reports to all three major credit bureaus.