Best GAS Credit Cards — 2020

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May 21, 2020

Video Summary

The author of this article discusses the best credit cards for gas purchases, highlighting the current shift in the market due to rising gas prices. The article explains that the previous champion for a no-annual-fee, cashback card for gas purchases was the Ducks Unlimited card, which earned 5% cashback on gas purchases. However, First Bank of Omaha has since changed the benefits of this card, making it no longer the best option.

The article presents several alternatives, including the following options:

1. Quarterly category cards, such as the Discover it card, which offers 5% cashback on certain categories, including gas, and has a spending cap of $1,500 per quarter.
2. The Chase Freedom card, which offers 5% cashback on certain categories, including gas, but also has a spending cap of $1,500 per quarter.
3. The Blue Cash Preferred card, which offers 3% cashback on gas stations, but has an annual fee and a spending cap of $6,000 per year.
4. The Bank of America Cash Rewards card, which allows you to select your 3% cashback category, which can be gas, but has a spending cap of $2,500 per quarter.
5. The Wells Fargo Propel American Express card, which offers 3% cashback on gas stations and has no annual fee.
6. The PNC Cash Rewards card, which offers 4% cashback on gas stations, but has a spending cap of $8,000.
7. The Penn Fed Platinum Rewards card, which offers 5x points, equivalent to 4% cashback, with no annual fee.
8. The USAA Cash Back Rewards Plus card, which offers 5% cashback on gas stations, but is limited to military veterans or their families.
9. The Inc Business Cash card, which offers 5% cashback on office supply store purchases, but can be used creatively for gas purchases.

The article concludes by recommending the PNC Cash Rewards card as the least-hassle option for those who don’t see value in the other cards, and suggesting that those with a military connection consider the USAA Cash Back Rewards Plus card.