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Credit cards to help you save on fuel costs

2011-06-02

The prices of gas are increasing with each passing day. Finding the right credit cards that offer rewards at gas stations is one of the best ways of saving money on fuel. Though there are a number of gas rewards credit cards flooding the market, only a few are worth a place in your wallet.

One of the noteworthy cards under this category is the BankAmericard Power Rewards Visa Signature Card. During the first six months after obtaining the card, customers can avail triple points when use the card to pay for their purchases at gas stations, grocery stores and drug stores. Customers who use up to $100 on this card during the first two months are eligible for $50 statement credit that can be used the next time you arrive at a gas station.

The Blue Cash Everyday card, an offering from American Express, is another credit card in this segment that is worth signing up for. There is 2% cash back on using this card at gas stations and 3% cash back when it is used to shop for groceries. This card carries no annual fees but the interest rate starts from 17.24% onwards.

The PenFed Visa Platinum CashBack card is another card worth a mention. This card does not carry any annual fees and customers can avail up to 5% cash back every time they use this card in gas stations. The variable APR on the card starts from 13.99% onwards.