With gas prices skyrocketing, I thought it would be worth putting together a roundup of the best credit cards when it comes to cash back rewards on gas purchases. The good news is that there are still some pretty sweet deals out there.
What follows is an overview of one of the best options for a “mainstream” gas reward credit card. While there are a number of brand-specific offers available, I much prefer to be able to choose amongst gas stations based on price as opposed to being tied down to a single brand. Here goes…
TrueEarnings® Card from Costco and American Express
This is a TrueEarnings Consumer Card, the beauty of this card is that it offers you 3% cash back on gasoline at U.S. gas stations for purchases up to $4, 000 per year (1% thereafter) including the already cheap gasoline at Costco. In addition you can earn 2% cash back on purchases at U.S. restaurants, 2% cash back on eligible travel purchases, including at Costco and 1% on other purchases, including Costco. Cash back is earned only on eligible purchases and you will receive your cash back in the form of an annual reward coupon. There are spend caps and other restrictions that apply. Terms and restrictions apply. If you’re already a Costco member, the TrueEarnings card is definitely worth checking out. This card has no annual fee as long as your Costco membership is paid up. Unfortunately, our nearest Costco is close to an hour away, so this one doesn’t work for us.
There is also a business version of this card TrueEarnings® Business Card from Costco and American Express OPEN as well.
NOTE: Offers change frequently; please be sure to check the card issuers website to ensure that all details and information are correct.