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Best Gas Credit Cards

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Using gas cards is one of the best and convenient way of reducing the pinch of ever increasing gas prices. If you haven't started using one yet, you'd probably be on the look out for the best gas card. If your question is – What is the best gas card?, then you won't get a specific answer. Gas cards have different rates and features, and answering your question would depend on your gas spending habit. To help you, below is a list of the top five gas cards and the criteria for comparing each.

Discover® Open Road Card

Discover Open Road Card offers up to 5% rebate or rewards points on gas purchases and auto maintenance expenses. Accumulated rewards points earned on this card can be redeemed in the form of cash backs. This card carries no annual fee but it carries an annual percentage rate or APR at 10.99%.

Discover® Open Road(SM) Card for Students

This card is the Discover Open Road card version for students. This offers the same unlimited 5% rebate on gas purchases and auto maintenance expenses, only that it does not expire. Its annual percentage rate is at 16.99%.

Citi® Professional(SM) Cash Card

This cards offer a rebate of 3% on gas purchases and is good for those who plan to maintain a balance on the card since it only carries an APR at 9.99%.

BP Visa® Rewards Card

The BP Visa Rewards Card offers a 10% unlimited rebate on gas purchases during its one year introductory period. For the regular months, this card offers a 5% unlimited rebate. Rebates however, can only be earned and redeemed if this card is used at BP gas stations. Moreover, this card carries no annual fee but charges an APR at 11.99%.

Blue Cash® from American Express®

The Blue Cash from American Express card offers an unlimited 5% rebate on gas purchases and charges a 9.99% APR on the card's maintaining balance.

There you have it, the top five gas cards. The best card would depend on what you are looking for and on your spending habit. The following are the criteria that will help determine the best gas card.

If you are looking for a card with the highest percentage rebate, your best card will be the BP Visa Rewards card. However, this card is BP exclusive and if you live across town from a BP gas station, then this card is not for you. The next cards with the highest percentage rebate would either be Blue Cash from American Express or any of the two Discover Cards.

Annual Percentage Fee or APR

The balance on your gas credit card is charged with an annual percentage rate or APR. If you plan on maintaining a balance on your card, then the card with the lowest APR is the best card for you. Disregard percentage rebates; your APR can easily eat out your savings despite high percentage rebates. From the above cards, the Blue Cash from American Express and the Citi Professional(SM) Cash Cards have the lowest APR at only 9.99%.

Best Gas Credit Cards

Many consumers are keeping an eye out for the best gas credit cards the market has to offer. After all, with rebate offers that offset increasing gas prices, gas credit cards aren't the plastic outcasts they once were. If you're wondering what to look for in the best gas credit cards on the market, we have some guidelines to go by.

1. Low Interest Rates

If you're the type of person who carries a balance on their credit cards, interest rates should be your top priority. It used to be that gas credit cards were associated with high interest rates. That, however, is no longer the case. The best gas credit cards offer reasonable interest rates in addition to money-saving opportunities.

2. Rebate Offers

Many of today's best gas credit cards offer rebates, not just on gas purchases, but on any of the purchases you make with the card. Instead of just getting gas rebates of 1 or 2 percent, the best gas credit cards offer up to 5-percent back on the gas you purchase and cash back on other purchases too.

3. Intro APRs

In addition to a low fixed interest rate, the best gas credit cards also offer 0-percent APRs for a period of 6 months or longer. If you need to make a large purchase and you'll need a few months to pay it off, then a 0-percent intro APR can really come in handy.

4. Forget the Annual Fee

When it comes to the best gas credit cards, you should never pay an annual fee. The credit card market is more competitive than ever and most credit card companies have thrown annual fees right out the window.

5. No Rebate Limits

Some gas credit cards try to entice you with high rebate percentages and offers that seem too good to be true. They usually are. It's not uncommon for gas credit cards to put limits on the number of rebates you can earn.

The best gas credit cards have no rebate limits. You can earn $1 or $1,000, it's all the same to them. Before applying for any gas credit card, make sure there is no rebate limit.

6. No Expiration

Gas credit cards that offer rewards sometimes put an expiration date on the rewards you can redeem. One day you go to redeem your rewards and see that you can't because you're too late.

The best gas credit cards don't put expiration dates on reward redemptions. After all, they're your rewards. You should be able to use them when you want.

Remember, the world of gas credit cards has changed quite dramatically over the past few years. The best gas credit cards know this and do everything in their power to ensure they're offering their cardholders the best terms and conditions in the marketplace.

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About Author

Both Loren Yadeski & Max Anderson are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Loren Yadeski has sinced written about articles on various topics from Finances, Finances and Mileage and Fuel. GasCardsGalore.com offers free applications for online. Apply for a. Loren Yadeski's top article generates over 2900 views. to your Favourites.

Max Anderson has sinced written about articles on various topics from Credit Card Offers, Credit Cards and Business Credit Cards. For more tips on , saving money and avoiding getting taken, check out CreditCardTipsEtc.com, a website that specializes in providi. Max Anderson's top article generates over 49500 views. to your Favourites.

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