I recently purchased a new car. I had been without one for about 10 months, and oh baby, after such a long wait, was I ever ready for a heavily damaged 95 Pontiac Sunfire. As soon as I got it, I picked up my girlfriend, took her down to the best chili and burger joint in the Midwest, feasted, and left. I filled up my tank on the way home, as it was bone dry. Upon examination, I noticed something had changed in the last year or so. It suddenly cost me $60 to fill a tank and order two cheeseburgers and chili.
$2.89 per gallon at what I recalled as the cheap gas station in town. And the folks at the news station tell me eight times per night that prices are going up. This was all very peculiar to me because last time I was a driver, I recalled people complaining about the prices being $1.89. What had happened?
In all honesty, I said out loud to my girlfriend: 'I'm getting one of those gas credit cards. This is ridiculous.' I set about researching this morning. Not surprisingly, just about every issuing company from here to Tibet offers a gas rewards card. Among the most lucrative I found are the following:
The Chase PerfectCard is a Mastercard brand card that offers a 6% rebate on gas purchases for the first 90 days, which is a higher rebate than almost every other gas card. However it recedes back to 3% after the 90 days is up. It also offers a 1% rebate on all other purchases, no annual fee, and 0% APR for the first year.
The Citi Driver's Edge Credit Card also deserves mention. It also has a 6% rebate on gas purchases, but it goes beyond normal gas cards. For 12 months, you get 6% rebates on gas station purchases, supermarket purchases, and drugstore purchases. The rebates can be used on purchasing or maintaining any make or model car.
The Discover Platinum Gas Card. If my credit were not in the figurative financial toilet, I would immediately apply for this card. 5% cash back on gas purchases, 1% cash back on all other purchases, no annual fee, 0% APR for 12 months, 0$ fraud liability and the ability to double cash back if you opt for gift cards rather than cash. That means up to 10% of the money you spend on gas could be returned to you, so long as you don't mind spending at one of Discover's 40 brand name partners. If not, heck, keep the 5% cash back.
These are just three of the many gas cards out there. Do your own research and you may find cards better than these. Myself, I'll take anything at this point, and I'll also probably get more and more desperate as prices rise. If you don't hear from me for a while, it probably means I got arrested for siphoning gas in a parking lot or something similar.