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New Cash Back Credit Cards Give Up To 4% Back On Gas, Groceries
7 Jul
Cash back credit cards are the best and easiest way to get free money—by spending on things you’d buy anyway, you get money back. It’s like an excuse to shop. Now there’s a new cash back card that rewards people for buying groceries and filling up their gas tanks, as well as a card offering up to 4% cash back on gas purchases. Both cards come with multiple perks and are sure to appeal to a wide variety of consumers.

Costco unveils a new co-branded cash back card

For frequent drivers, the Costco Anywhere Visa card from Citi offers 4% cash back on gas purchases, up to $7,000. After the first $7,000 in fuel fill-ups, cardholders will get 1% back on gas purchases.

They’ll also get 3% cash back on dining and travel, 2% back on Costco and Costco.com purchases, and 1% back on everything else.

“We have a strong relationship with our members and it’s important that we’re rewarding their loyalty to us,” said Costco CEO and president Craig Jelinek. “Our new co-brand credit card agreement with Citi enables us to offer significant value and benefits to our members across 494 locations in the U.S. and Puerto Rico.”

Other benefits of the new co-branded Costco card include extended warranty coverage, car rental insurance, travel accident insurance, and trip cancellation and interruption protection.


Ally Bank customers get option for a 10% bonus on cash back

The Ally CashBack credit card gives folks one percent cash back on all purchases, and 2% back on all gas and grocery purchases. The rewards have no cap, so the more you spend, the more you earn—as long as the account is in good standing. Rewards don’t expire, and there is customer service available 24/7 in case of questions about redemption options or rules.

Another option, for those who have an account with Ally Bank, is to deposit the cash back into their eligible account. If they do that, they’ll get a 10% bonus on their cash back rewards.

“We are confident the Ally CashBack credit card’s rewards structure will resonate with customers, and the ten percent bonus feature for rewards deposited into an eligible Ally Bank account is consistent with our philosophy to help them maximize their savings opportunities,” said the CEO and president of Ally Bank, Diane Morais.

Ally also offers online and mobile account access, making paper statements a thing of the past.

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