Gas Rebate Credit Card Reviews

DISCOVER OPEN ROAD REVIEW:Apply Now | Back to Chart

The Discover Open Road Card rewards you generously for all your gas and auto maintenance purchases. You will earn 5% cash back on your first $100 in combined gas and auto maintenance purchases each month. Initially, you will also earn .25% cash back on all other purchases. Once you have spent $1,500 with your card annually, you will begin earning .5% cash back on all other purchases, and once you spend $3,000 you will earn 1% cash back on all other purchases, including any gas and auto maintenance purchases that exceed the $100 monthly limit. These cash back tiers are based on your annual spending whereas the $100 gas and auto maintenance limit is based on monthly spending. There is no limit to the total amount of cash back you can earn. Rewards are redeemable in $20 increments.

The purchase APR is 0% for the first 6 months, and the balance transfer APR is 0% for the first 12 months. After the introductory periods end, both interest rates will be between 11.99% and 18.99%, depending on your credit. There is a transfer fee of 3%.

While the Discover Card is not as widely accepted as many of its competitors, the vast majority of gas stations do accept Discover so it is a good choice for a gas cash back card. For those that don't usually spend more than $100 on gas per month and typically dont' charge more than $2,000 overall on their credit card per month, this is by far the best gas card since you start earning your 5% on your first dollar of gas purchased. However, since the 5% rate is capped at $100 per month, if your gas and auto maintenance bill is consistently much higer than that, you may want to look at another option. Keep in mind, though, that you still get standard purchase cash back for anything more than $100 spent on gas and auto maintenance each month.

THE TRUEEARNINGS CARD FROM COSTCO AND AMERICAN EXPRESS REVIEW:Apply Now | Back to Chart

The TrueEarnings Card from Costco and American Express is exclusively available to Costco members and richly rewards cardholders with up to 3% cash back on purchases with no minimum spending amount to reach that level and no earnings limit. There is no annual fee with your paid Costco membership. If you are not currently a Costco member, you can sign up and apply for your TrueEarnings Card at the same time, and your TrueEarnings Card will also serve as your Costco membership card. A standard Costco membership is $50 per year. You'll earn 3% cash back on gasoline purchases, 3% cash back at restaurants, 2% cash back on travel purchases and 1% cash back on all other purchases including at Costco. Unlike some other cards, there is no spending tier you must hit to start earning these generous cash back percentages. One key point here is that just about every other cash back card pays a lower cash back rate than they list for purchases at 'warehouse stores.' With the TrueEarnings Card, you will really get your 1% cash back for those Costco purchases. Your cash rebate will be issued annually as a statement credit. There is no limit on how much cash back you can earn. You'll also receive a $25 statement credit after making your first purchase with your TrueEarnings Card.

There is a 0% introductory purchase APR for the first 3 months and a 13.99% purchase APR thereafter. Balance transfers requested within the first 30 days are subject to a 1.99% introductory APR for the first 6 months. Unlike most other cards, there is no transfer fee for balance transfers.

With no annual fee, a generous gas and cash back rewards program and a bonus $25 statement credit, the TrueEarnings Card is an excellent option for anyone who already has a Costco membership. In fact, the benefits of this card are so good that it would even make sense for certain people to purchase the Costco membership for the sole purpose of getting the card.

DISCOVER MOTIVA REVIEW:Apply Now | Back to Chart

Discover Motiva gives cardholders a Pay-On-Time bonus when the minimum payment due is paid by the due date for six months in a row. This bonus is equal to the periodic finance charges shown on the upcoming statement. So you essentially get 1 month interest paid back to you when you bay your bill on time for 6 months straight. If you are carrying a decent-sized balance, this is actually a very good deal. Cardholders also earn .25% cash back on all purchases until they have spent $1,500 annually with their Discover Motiva card, then .5% cash back until spending $3,000. After reaching the $3,000 threshold in a year, cardholders earn 1% back on all purchases for the rest of the year.

The interest rate for purchases is 3.99% for the first 6 months and anywhere from 11.99% to 18.99% thereafter, and the interest rate for balance transfers is 3.99% for the first 12 months and the same as the purchase APR thereafter. There is also a 3% transfer fee. There is no annual fee for the Discover Motiva card.

These terms are a bit more complicated than those of most credit cards. Since there are no limits on how much cash back you can earn, the rewards program could be quite strong, assuming that you are likely to spend $3,000 within a relatively brief length of time. The Pay-On-Time bonus could also be a nice feature, depending on whether you carry a balance or need extra incentive to pay your bill on time. If you are likely to reach the $3,000 threshold, do carry a balance, and would like an incentive to pay your bill on time, the Discover Motiva card may be the most lucrative cash back card you will find. If you don't carry a balance or know you will have some late payments, other options are probably better.

DISCOVER STUDENT OPEN ROAD REVIEW:Apply Now | Back to Chart

The Discover Student Open Road Card is designed specifically for college students who drive to and from school. Cardholders earn 5% cash back on the first $100 spent on gas and auto maintenance each month, and between .25% and 1% on all other purchases. Cardholders earn .25% cash back until they have spent $1,500 in annual purchases, then .5% cash back until they have spent $3,000 in annual purchases, and 1% cash back thereafter. After the $100 monthly limit has been reached, gas and auto maintenance purchases will continue to earn cash back at the same rate as other purchases. Cardholders can also earn 5% to 20% cash back through Discover’s exclusive online shopping website. These cash rewards are redeemable in increments of $20, and can be issued in the form of direct deposits, checks or gift cards.

There is a 0% introductory APR for purchases for the first 6 months, then the interest rate is 14.99%, and there is no annual fee. Balance transfers are not permitted with the Discover Student Open Road Card.

Technically, the Discover Student Open Road Card does offer cardholders unlimited cash rebates. But the structure of this cash rewards program will not be especially rewarding to cardholders who spend significantly more than $100 on gas and auto maintenance each month, or who will not easily reach the $3,000 threshold necessary to begin earning a full 1% cash back. While Discover Card is not as widely accepted as Visa or Mastercard, the vast majority of gas stations do accept it so it is a good fit for a gas rewards program. If you are a student doesn't spend much more than $100 a month on gas and auto maintenance purchases, this is probably the gas rebate card for you.