Credit Tips: Gas Credit Card Review

Posted On: June 1, 2006

Author: txQT
Posted: Sun Apr 30, 2006 7:01 pm
Post subject: Gas Cards

Hi I was wondering if anyone can tell me if the regular gas cards are hard to get? Gas prices are ridicoulous these days and I want to try for a card but not sure what my scores need to be…can anyone give any direction? Thanks

Author: quiznut1
Posted: Sun Apr 30, 2006 7:52 pm
Post subject: Gas Credit Card Review

I would get either the Citi Dividend Platinum Select, or Chase Rewards Plus. Both offer 5% cash back on all gas purchases, not just specific to a particular brand of gas. (like Shell, Marathon, Mobil, etc…). Once you accrue $50 in cash back for the Citi and $100 cash back with the Chase, you can cash out in the form of a check mailed to you.

These cards do have limits, Chase is $750 per calendar year ($600 cash, $150 gift cards, etc…), Citi Dividend is $300 per calendar year.

Both these cards aren’t too hard to get, at least they weren’t for me and I was just starting my credit 1 1/2 years ago.

Author: txQT
Posted: Sun Apr 30, 2006 9:25 pm
Post subject:

[quote="quiznut1"]I would get either the Citi Dividend Platinum Select, or Chase Rewards Plus. Both offer 5% cash back on all gas purchases, not just specific to a particular brand of gas. (like Shell, Marathon, Mobil, etc…). Once you accrue $50 in cash back for the Citi and $100 cash back with the Chase, you can cash out in the form of a check mailed to you.

These cards do have limits, Chase is $750 per calendar year ($600 cash, $150 gift cards, etc…), Citi Dividend is $300 per calendar year.

Both these cards aren’t too hard to get, at least they weren’t for me and I was just starting my credit 1 1/2 years ago.[/quote]

thanks for the reply but im actually just looking for a “gas card” most of those cards your fico has to be ATLEAST a 680 and I don’t have that, so that’s why I wanted to know if the “regular” gas cards were a bit more lienuient(SP?)

Author: txQT
Posted: Sun Apr 30, 2006 9:26 pm
Post subject: Gas Credit Card Review

[quote="quiznut1"]I would get either the Citi Dividend Platinum Select, or Chase Rewards Plus. Both offer 5% cash back on all gas purchases, not just specific to a particular brand of gas. (like Shell, Marathon, Mobil, etc…). Once you accrue $50 in cash back for the Citi and $100 cash back with the Chase, you can cash out in the form of a check mailed to you.

These cards do have limits, Chase is $750 per calendar year ($600 cash, $150 gift cards, etc…), Citi Dividend is $300 per calendar year.

Both these cards aren’t too hard to get, at least they weren’t for me and I was just starting my credit 1 1/2 years ago.[/quote]

Credit Tips: Gas Credit Card Review

Posted On:

Author: quiznut1
Posted: Wed Apr 26, 2006 10:56 am
Post subject: Gas Credit Cards

Just a reminder to everyone to continue to use their credit cards for cash back on gas, assuming you pay in full and on time each month.

There are several gas cards, I use the Citi Dividend Platinum Select card, which has a 5% flat rate up to $300 in rebates or $6,000 in gas purchases per year.

The Chase Cash Plus Rewards and Rewards Plus cards are also 5% cash back cards, with respective limits of $300 for cash plus and $750 for rewards plus ($600 in cash, $150 in gift cards, etc…) per year.

AMEX Blue Cash is fine, but only offers 1% on gas purchases for the first $6,500 before the 5% kicks in, but it’s good up to $50,000 in total purchases (not just gas purchases).

Discover Platinum Gas Card is okay too, but it only offers the 5% rate up to $1,200 in gas purchases per year, or $60 in rebates. After that it goes to the normal cash back rate for everything, which is a pitiful .25 percent for the next $300 ($1,500 total), then .5% for the next $1,500 up to $3,000 total, then 1% for everything $3,000 and above. I would stay away frome this one.

There are other cash back cards that offer higher cash back than 5%, but I have found all of these to be introductory rates, like Marathon’s 10% for the first 60 days (then becomes 5%, and only for Marathon purchases), Speedway’s 8% for the first 60 days (becomes 4% only on Speedway gas), Hess’ 10% for the first 90 days (then 5% only on Hess gas). You get the point.

Also, refer to the Loan and Tips forum for my tip to use your 5% cash back card for Speedway gift card purchases, where there is already a $2 discount up front on a $50 gift card, besides the 5% cash back for using your card. It’s a savings of 8.8% ($50 - $2 = $48 - $2.40 = $45.60). Also at Speedway is the Speedy Rewards card, which is great for accumulating points for an additional discount. Spend $175 in gas there (1,750 points, 10 points per dollar) and earn an additional 10 cents off per gallon on your next fill. It’ll come in handy this summer as gas prices continue to go up.

Author: TomfromCT
Posted: Wed Apr 26, 2006 11:22 am
Post subject: Gas Credit Card Review

I have the Discover and I am nearing in on the 1200.00 limit for that 5% back on gas.

With that in mind I just received the citibank dividend select card you mentioned that should take me through most of the rest of the year.

Citibank also has an amex divedend select with the same 5% deal that I may pick up just in case I spend more than I expect.

Yes…I drive ALOT!

I cant get the AMEX AMEX card becasue I am blacklisted FOREVER

Author: db619196
Posted: Thu Apr 27, 2006 8:50 am
Post subject: Gas Credit Card Review

I love going to Speedway. When a friend of mine’s daughter visited from Australia, we always had her keep an eye out for the “giant S” as we called it, when we were travelling, to help us find a Speedway. Usually, when you add in the 2-5 cents off per gallon you get with the Speedy Rewards card, Speedway is the best deal on gas, and for every 6 coffees you buy, the 7th is free, which is nice. The $2 off a 50 dollar gift card deal is nice, and I bought a few of them. Marathon also has a similar gift card deal (at least locally).

Just as a side note, I came across this article about ways to save gas, including one that says if you take off more slowly and try to coast into stops (in other words drive with some sense), you can save on *average* 31% more gas! The article is here, from Edmunds:
http://www.edmunds.com/ownership/driving/articles/106842/article.html. I thought the article might interest folks here because we all like to save/make money.