We’ve all been pretty lucky with the ability to earn more points when we make travel-related purchases on credit cards recently: with Chase Sapphire Preferred card offering 2x points on all travel-related expenses (their 40,000 point signup bonus – transferable to a bunch of airlines – is still available), and the Amex Premier Rewards Gold card offering 3x points on airfare.
But many people spend more on gas than they do on any other travel expenses, and they won’t benefit from those offers. They will benefit, however, from the PenFed Platinum Cash Rewards Visa. You’ll earn 5% cash back (yes, 5%) on all gas purchases. Plus, there’s no annual fee. And plus again, it’s not a Chase card so you don’t have to worry about applying for yet another Chase credit card.
Is it a huge amount of money? Probably not (though it adds up), but it’s the best return (points or cash) that I’m aware of for gas purchases.