Everyone wants to stretch their hard-earned dollar a little further in today’s day and age, especially when it comes to groceries and gas where the prices seem to keep rising. While some credit card companies offer cash back and other reward options for using their credit lines, there could be pitfalls that make getting the rewards a considerable headache.
Thankfully, some companies do provide better rewards standards, and you’ll be able to take advantage of other benefits beyond cash back offers that other establishments offer. We’ll be looking over 12 of the best credit cards that you can use for gas and grocery rewards to maximize your saving potential.
How We Rate Our Lists
There are different factors that we consider before rating the chosen credit card companies listed below. It’s a good idea to use these factors whenever you shop for a credit card in general because overlooking one of these aspects could drag you into debt if you’re not careful.
Annual percentage rate penalties (APRs): Credit card companies will have penalties if you make a late payment. While it’s a scenario we would rather avoid altogether. Unfortunately, life happens and you may make a late fee and, you’d want a card that doesn’t punish you with ridiculous APR penalties. Credit cards with lower APR penalties will rate higher than cards that don’t.
Sign-up bonuses: Being able to take advantage of sign-up bonuses can take your experience to the next level. Look for some of the best sign-up bonuses out there because, in the end, credit card companies are begging for you to take up their card. You should get the best possible rate that you can get, and cards that have that will rate higher.
Annual fee: Are there annual fees that come with those nice bonuses? Usually, you’ll want to avoid annual fees especially since they can add to the debt. Cards that have no yearly fees will rate higher than cards that do.
Intro APR: A fantastic card starts with a zero percent APR at least for a small amount of time. Those cards that offer a more extended introductory APR around zero will be higher rated than those that don’t provide it.
The 12 Best Credit Cards For Gas And Grocery Reward
Blue Cash Preferred Card from American Express
The Blue Cash Preferred card is the brother to the Blue Cash Everyday Card by American Express, and this card presents many great benefits that work similarly to the Blue Cash Everyday card. Unfortunately, the card does not seem to extend benefits towards gas as it’s brother card, but it does offer up to six percent cash back on groceries.
You’ll be able to take advantage of these other benefits that are unique to this card:
Unfortunately, this card does come with a yearly fee of $93.00 which could be a damper on people who are trying to avoid those fees. Depending on how you use the card, you may find that the cost is worth it.
Ink Business Cash Credit Card
The Chase Ink Business Cash credit card comes rated as one of the best business cards for cash back and gas stations according to U.S News.
You'll be able to enjoy five percent cash back on the first $25,000 spent on office supplies, internet, phone, and cable packages each year and then provides up to two percent cash back on the first $25,000 for gas stations and restaurants.
On top of that, new card members get to enjoy a $500 bonus when you spend $3,000 within the first three months of obtaining the account. There's even the benefit of roadside assistance in case your car breaks down which is a nice bonus.
Other benefits at this card provide are:
Bank of America Cash Rewards Credit Card
If you’re looking for a card that offers better cash back percentages on its gas purchases, the Bank of America Cash Rewards credit card may be just the card for you. You’ll enjoy benefits such as three percent cash back on your gas purchases as well as two percent cash back on purchases made in U.S supermarkets up to the first $2,500 spent on the card.
Other benefits that this card provides are:
If you are using this card to transfer debt, there’s a minimal three percent transfer fee that will get tagged on, no less than $10 per transfer.
Discover It Cash Back
This credit card offers five percent cashback on groceries in rotating categories that happen every quarter. You’ll be able to enjoy the five percent bonus up to $1,500 in purchases, and then it falls to one percent cash back.
If you have excellent credit, this card may be your best option given that it has one of the lowest APRs on this list, sitting at just 12.24 percent after your introductory APR of zero percent wears off 14 months later.
Another great thing that this card offers is that after your first twelve-month, consecutive, billing cycle Discover matches all of the cash back rewards you’ve acquired during that first year of membership.
U.S Bank CASH+Visa Signature Card
U.S. Bank Cash Plus Visa Signature card provides an adequate five percent cash back on your first $2,000 purchases in each quarter. You can choose two categories that will receive this five percent bonus, and if you are looking to maximize your gas and groceries, you can select those categories too which presents a unique turn that many cards don’t do.
You can further maximize the benefits that you get thanks to the cards additional two percent cash back on a category of your choice which is set every day. As a result, you could be making up to seven percent cash again on either gas or grocery depending on what it is that you choose on that day. Other benefits include:
Capital One Quicksilver Cash Rewards Credit Card
What we love about Captial One’s Quicksilver card is that there are an unlimited one and a half percent cash back on all purchases which include grocery and gas, and you don’t have to worry about limits or expirations with the rewards that you receive.
Other benefits include no annual fee which is an excellent deal for anyone, and you’ll receive a $150.00 bonus after spending $500 in your first three months of having your account.
With the Chase Freedom card, you can enjoy benefits such as five percent cash back on up to $1,500 in purchases. Beyond that, the profits fall to just one percent cash back, and the bonus categories will rotate every quarter that the card remains active.
Furthermore you and see benefits like:
Citi Double Cash Card
With the Citi Double Cash card, you can enjoy cash back benefits that can build up to two percent. The way that this credit card works are by offering one percent cash back on purchases, including groceries and other items, and then another one percent cash back when you’ve paid off these purchases.
This credit is a great introductory card that rewards you for keeping your credit in good standing. Other benefits that the Citi Double Cash card provides are factors like:
There is a three percent balance transfer fee that comes included in this cards usage with a minimum charge of five dollars.
Wells Fargo Propel American Express Card
With three points per dollar earned on travel expenses, gas, and streaming services, the Wells Fargo Propel American express card is a great card for people looking to get started into a decent rewards program.
Cardholders who have this credit card will be able to take advantage of a 3000 Point sign up bonus as long as you spend $3,000 within the first three months of opening your account. Other benefits that this card provides are:
Wells Fargo Reward Card
Wells Fargo rewards card starts off the benefits with a zero dollar annual fee that comes with it, and for the first six months, you'll be able to earn five points per dollar with a $12,500 limit. The purchases that qualify for the five points are for gas stations, grocery stores, and pharmacies. Afterward, you’ll earn a point per dollar that you spend on all other eligible locations.
While the APR range isn't ideal, ranging from 18.49percent to 27.99 percent depending on your credit history, you do get to take advantage of a 15 months zero percent introductory APR, and that also extends to balance transfers made within the first 120 days of obtaining the account.
Hilton Honors American Express Ascend Card
Getting a hold of a Hilton Honors American Express Ascend card will allow you to gain 12 points every time you use your card at the Hilton Resort. You’ll also get six points per dollar when you use this card at restaurants supermarkets in gas stations, and finally, you'll learn three points on every other purchase.
If you manage to spend over $2,000 within the first three months of obtaining your card, you'll get a lovely bonus of 12,500 points, and if you spend over $15,000 within the first calendar year of receiving your card, you can earn a free weekend night reward.
Other benefits that this card has included:
There is a $95.00 yearly fee associated with owning this card, and may not provide many benefits to people who do not travel frequently.
Take your time to give careful consideration as to what you need in a credit card. While the benefits are great, they can quickly lead you down a rabbit hole of debt just for trying to maximize the potential profits you could receive.
Make sure that you pick a credit card company that works as hard for you as you need it to without trapping you in ridiculous fees. While all of the cards on this list come highly recommended, make sure you take your time with your choice.
The above article was researched and written by the editorial staff at WomensWealth.Money.