Gas Savings: 4 Credit Cards to Help You Save At the Pump
May 16, 2011— -- Gas prices are getting ridiculously high, aren't they? Here are a few credit cards that offer a little price relief in the form of cash rebates.
BankAmericard Power Rewards Visa Signature Card
You earn triple points on gas, drug stores and groceries for the first six months after opening your account. Spend at least $100 within 60 days of opening your account and receive a $50 statement credit. You can apply the $50 to your next tank of gas. Or maybe that covers only a partial tank of gas, depending on the size of your car.
APR and fees: You get a zero percent APR on purchases for the first 12 statement closing dates. The regular APR starts as low as 12.99 percent. There's no annual fee.
Blue Cash Everyday from American Express
This is a new card on the market and there's a lot to like about it. You get 2 percent back at gas stations. Unlike the old American Express Blue Cash card, there are no high spending tiers you have to reach. Right now, I'm focusing on cash back for gas purchases, but it's worth noting that with this card you also get 3 percent at grocery stores, 2 percent on department stores and 1 percent on all other purchases.
APR and fees: The regular APR starts at 17.24 percent so this is not the card for you if you need to revolve a balance. There's no annual fee.
PenFed Visa Platinum Cashback Rewards Card
You get 5 percent cash back when you pay for gas at the pump. There's a $50,000 limit but you'd have to be quite a road warrior to exceed that anytime soon.
APR and fees: You get a variable 13.99 percent APR, which isn't too bad for a rewards card. There's no annual fee. Capital One No Hassle Cash Rewards
You get 2 percent cash back on purchases at gas stations and grocery stores. And you get 1 percent cash back on all other purchases. There are no caps and no limits on the amount you can earn.
APR and fees: Enjoy a zero percent intro APR on purchases until April 2012. The regular APR starts as low as 12.9 percent. There's no annual fee. For more of Beverly's in-depth, expert credit card tips, reviews and roundups, check out:
The Best Credit Cards in America: Cash Back and Travel Rewards
Credit Cards with Really Low APRs
Credit Cards for Retired Consumers
