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Which Gas Credit Cards Are Worth the Investment This Summer?

There's good news from GasBuddy.com today. According to their experts, gas prices will continue to fall through June, 2013, especially in the weeks after Memorial Day. According to the report (which we found via The Daily Ticker on Yahoo!), the national average price for a gallon of gas will hover around $3.53 per gallon, 5 cents less than today's average of $3.58. Considering that's 17 cents less than the same time last year, there's reason to believe that 2013 gas prices won't be quite as taxing as they were in 2012.

Editor's Picks: The Best Credit Cards for Gas and Groceries

That said, the days of sub-$3 gas are probably history, which means filling up still costs a pretty penny for consumers. Credit card issuers have taken note, and the results are some solid bonus cash back opportunities for fueling up.

If you're gearing up for a summer road trip, or you're just interested in saving anywhere from 2 to 5 cents per dollar spent on gas in 2013, here are some of the best credit card offers available today.

Discover it® - 5 percent cash back at gas stations

Beginning July 1st, Discover it® cardholders can earn 5 percent cash back on up to $1,500 in purchases made at gas stations when they enroll. That's a savings of up to $75 in gas in Quarter 3 - easily a full tank of gas for most cars. The offer expires September 30, and cardholders earn 1 percent cash back on all other purchases. There's also no annual fee, no foreign transaction fees and a 0 interest introductory period of 14 months applied to new purchases and balance transfers.

Blue Cash Preferred® Card from American Express - Unlimited 3 percent cash back at US gas stations

We've been singing the praises of this card for a while now, but there's no better long-term offer for gas rewards than this cash back card from American Express. Members earn 3 percent cash back at US gas stations, and an additional 6 percent cash back on up to $6,000 in purchases at US supermarkets per year. There is an annual fee, but the bonus cash back offer is simply one of the best available this summer.

Barclaycard® Rewards MasterCard® - Excellent Credit - 2x points on gas, groceries and utilities

This Barclaycard combines one of our favorite cash back bonus offers - $50 after your first purchase (or 5,000 points) - with one of the better unlimited bonus cash back offers available. Cardholders earn 2x the points (estimated at $.02) on gas, groceries and utilities, and there's no annual fee, cash back limits or expirations. This is another great card to save with at the pump.

TrueEarnings® Card from Costco and American Express - 3 percent cash back at US gas stations for up to $4,000 per year

Costco members already know how much they can save when shopping at their favorite warehouse retailer. This card keeps the savings rolling, offering 3 percent cash back at US gas stations (and gasoline at Costco) for up to $4,000 per year. Road trippers can earn an additional 2 percent cash back at US restaurants, and the card doubles as a Costco membership card. How's that for a 2-for-1 deal?

Blue Cash Everyday® Card from American Express - 2 percent cash back at US gas stations

Finally, this trimmed-down version of the aforementioned Blue Cash card from American Express offers an unlimited 2 percent cash back at US gas stations, plus 3 percent cash back on up to $6,000 per year in purchases at US supermarkets. The upside to this card is that there's no annual fee, and the interest-free introductory offer applied to new purchases is identical at 12 months.

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Jason Bushey's picture

Jason Bushey is the former Editor and Vice President of Creditnet. Jason is a Burlington, Vermont native who moved to sunny San Diego after earning a Bachelor's Degree in English and Political Science at the University of Vermont ('09). When he's not sharing his take on credit cards, administrating the Creditnet Forum or blogging about all things related to credit, you can probably find him cheering on the Green Bay Packers (He's an owner!) or running up and down the streets of SoCal.

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