Best Gas Credit Cards for 2022 | Fighting inflation!
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- Опубликовано: 11 сен 2024
- #gas #inflation #creditcards
Credit Cards Here: znap.link/JFT
Gas prices are up, so why not save some money with a cash back credit card? Here are my Top Credit Cards for Gas 2022.
1. Citi Custom Cash www.comparecre...
2. Citi Premier www.comparecre...
3. American Express Blue Cash Preferred www.comparecre...
4. BoA Customized Cash www.comparecre...
5. Wells Fargo Active Cash www.comparecre...
6. Discover IT www.comparecre...
Favorite Card www.comparecre...
Top Travel Card www.comparecre...
Top Beginner Card www.comparecre...
Advertiser Disclaimer: Some of the card links and other products that appear on this website are from companies for which John Liang will earn an affiliate commission or referral bonus. This means that if you click on one of the product links, I may receive a commission. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
tags: gas, inflation, gas prices, credit card, cash back, save money, citi, amex, johnsfinancetips,
![How to Redeem AMEX Points for MAX Value [Free Beginner Guide]](/img/1.gif)
Would anyone be interested in a grocery version?
Yes!
Sure would but i picked amax gold for that
Yea
Where’s the grocery version??
Totally
Great video John! I liked how you chose the different cards in your list. It gave everyone an opportunity to get some value from the video. I personally use the Citi Custom Cash for my gas card and I love it! 5% back every month isn’t something to sleep on.
Thanks Spencer, I also really like the Citi Custom Cash with maybe a BoA Cash Rewards stack for $0 AF cashback capture on gas & grocery
@@johnsfinancetips That’s not a bad setup!! I’m thinking I may eventually transfer my Citi points to travel partners once I get the premier, but we’ll see if that’s the case. Gotta get out of 5/24 jail and farm some business cards first.
For the Discover IT card, the last quarter has digital wallets like Google/Apple/Samsung Pay. There are several gas stations near me that accept those payments, so it can be a gas card for effectively half the year.
For the Citi Custom Cash, the 5% applies only up to $500 of spend in your highest category. So it's not unlimited. Might be an important detail to highlight in your overview. Otherwise, I agree with your picks.
Is that $500 limit monthly or annually?
@@canyongoimarac1518 monthly
That’s like $100 per week. I’m sure most people spend less than that. But it is an important thing to note for perhaps people with long commutes that get low mileage on their vehicles.
I recommend the Wells Fargo Autograph. That card is super solid. 3x back unlimited on gas, travel, transit, restaurants and some more.
Citi custom cash is so versatile! Our family of three got one for groceries, one for gas, one for dining. One of us will get the premier when we feel comfortable traveling and pull points from any/all three of those accounts 😁
That's awesome! I love the Custom Cash and that is so awesome your family has figured out how to really utilize it to its max potential!
Can you use the one card for all 3 categories or there is a different card.
@@abigaila2024 one card per category although you can use multiple cards for the same category
There are also the Chase Freedom Flex and Chase Freedom Unlimited. For both cards, new account holders will now earn 5% cash back on gas station purchases, up to the first $6,000 spent in their first 12 months with the card. Also, the Chase Freedom Flex has rotating bonus categories that earn 5% back each quarter. Gas stations is one of the bonus categories for quarter 3 this year so from July to September 2022.
Agree!
For the chase freedom unlimited, what happens after the first 12 months? Do I still get cash back for gas or groceries?
@@SRT313 no, the 5% back on gas is just part of the welcome bonus for the first year of account opening only
@@bangyangqiu54 so after the first year, what cash back benefits do I still have ?
@@SRT313 just 5x back on travel booked through Chase Ultimate Rewards portal, 3x back on dining and drug store, and everything else 1.5x pretty much
For gas the Sam's Club Mastercard is a great card. 5% cash back at any gas station and they run promos for 10% off... It's hard to beat that
Appreciate the share on that!
Solid list. For gas there is also PNC cash rewards 4% on gas, Costco card also 4% gas. The Wells Fargo autograph 3% vs active cash 2%. Some other ways to work in AMEX as well
Thank you and agreed there are so many other great gas/grocery cards out there!
Not me going back with this guy to get more information because his advice got me from my first score of 650 to 800 in the last year
Chase you have a promotion that is giving 5% Cash Back at gas stations in the first year, and the cards have many benefits, I recommend you take a look.
I don’t have the Citi CC yet. But, I use Discover for the 5% whenever it’s active and the PNC Cash Back card for 4% back on gas the other 3/4 of the year.
Thanks for sharing Phil - PNC is definitely a sleeper at 4%
Good List. I am surprised the Citi- Costco Card didn't make the list - doesn't it give you 4% on your gas purchases (till $7500/ year)? It probably makes sense for people who are already Costco members...
Huge fan of Citi Costco! But to you point I tried to keep this list as broad as possible - reminds me I need to head over to Costco to fill up later today haha
Exactly! For people who drive small cars or mid-size sedans, most Americans, the 4% is a huge advantage. This is assuming they shop at Costco already.
Hello from Oregon, I use the BofA card you mentioned only for gas, I average about $300-400 a month in fuel cost. Thank you for the review. New sub!
Definitely a good list.
My chase freedom flex gets 9% this quarter, definitely a solid option
13.5% when you transfer it to the chase sapphire reserve and use their travel portal
I really like U.S. Bank’s Altitude Connect card for its gas rewards. I get 4pts per dollar on gas/EV stations and travel categories. Plus I get 2 pts on dining, grocery, and streaming services. The sign on bonus was nice too the annual fee was waived the first year.
It's funny, I think I've been hesitant about US Bank largely due to the Altitude Reserve launch and the difficulty in getting the approval. But I should definitely take another look. Thanks for the feedback!
would the freedom flex be considered a good choice right now as well? its usually 5% back 3 months out of the year, and it has a 1 year 5% back on top of that right now
yeah but i think the only reason he didn’t include is because it’s a little harder to obtain than discover and there’s complex rules to keep in mind if you’re not in the game for that long. if you get both discover and chase you’ll get 5% for two quarters of the year, usually they don’t have gas at the same time.
Johnathan here nailed it, big fan of the Freedom Flex but when comes to specifics for gas and simplicity of use it just didn't end up on the list. Discover is really only an honorable mention due to the quarterly rotations
@@johnsfinancetips CFF's quarterly starting this month is for gas
I get 5% cashback on discover it for 6 months, Q4 I'll be able to continue by using the digital wallet at the pump for total 9 months 5% cashback on ⛽️ gas.
Be advised, some credit cards like Chase cards which I also have, in the offer section have the 10% cashback so be aware
Love that!! You're definitely pretty advanced in your card utilization, that's awesome!
In the majority of south Florida, excluding south Miami, gas is $3pg on the average. Plus, in conjunction with upside, one can really save.
What are some of your gas savings hacks?!
You forgot to mention that 5% you get only up 500$ spent every month. After you spend over 500$ on gas, then you get only 1 % on gas.
Thank you for your videos John. Hoping you will put out a vid for business credit cards for gas.
I am pretty sure the BCP annual fee is not waived anymore but you get a higher SUB.
Love my Citi Custom Cash card! 💙💚
It's the best!
Amex BCP only has 3% in transit
Yeah, custom cash is good for up 500 spent, I'd rather go with 2% unlimited from wells since I fuel more than 500/month.
Good point, the work around is just to get another Citi Custom Cash (you just won't qualify for another bonus but you will get $1000 limit on the 5%)
@@johnsfinancetips True ✌️ I went with Wells 2% and the Citi Costco as it has 4% for the first 7k even if it's paying once a year.. got approved for both in same time in about 5mins. Thanks!
PNC Cash Rewards Visa gives 4% on up to $8,000 in Gas spend with no AF and if someone owns a GM vehicle and gets the GM MasterCard from Goldman Sachs if you spend $1,500 a year in gas you earn a $100 statement credit or if you have a GM EV and pay 6 months of electric bills you also get the $100 statement credit as well as earning 4% back in GM points in everyday spend plus 7% back on GM dealership spend and OnStar with no AF also
Citi credit cards are great either way, travel or cashback.
- Citi Premier (travel card) 3x points for gas.
- Citi Costco card 4% cashback on car gas.
Agreed Citi is a great program!!
What about the chase freedom flex for 5 percent cash back for this quarter plus a 5 percent cash back for an entire year for new members for up to $6k. For anyone reading this (no it doesn’t not add up to 10% cash back if you try to use both offers. Trust me I tried.) still a really good card and you can save up the cashback to transfer for Chase UR Points for a 50% bonus when you upgrade to a sapphire reserve or preferred I believe.
The USAA AMEX Cashback has a 5% gas up to $3000 but exclusive to veteran and no annual fee. and I just looked up the Sam's Club Mastercard also has 5% gas up to 6000 but you need a sam's membership and if you have plus member and gas up at sam's has competitive prices, technically no annual fee but membership fee. to add to the mix!
Thanks for the add here!!
What are your thought on crypto credit card
Without thinking about the benefit
I think this type of card COULD be +10% ( depending on the market )
cashback for everything
I have the Gemini card
3% dining
2% gas ( I think )
One of the best think about this type of card it you can stake your reward
Meaning more money
Citi custom cash is only on the first $500 spent.
I was looking at the PNC green card I don't recall the actual name. I need a gas card that is Visa
Hey John, if I were to apply for a business card, as a sole prop would that affect my personal taxes or would I receive an additional form separate to that. I make minimal to sometimes no moneys as, I’m busy with school but I’m wondering if It would affect me in any way.
Ramon - I'm not too clear on your question but if you use a business credit card there isn't really much of tax liability unless the card is linked to your Quickbooks or equivalent then you just need to make sure things are coded correctly
What do you think of the BPme rewards credit card? right now it has ¢50/gallon off for the first month and ¢15 off every gallon after that along with cash back rewards. i have never had a credit card, and just want to build credit and gas is currently one of my biggest expenses.
What’s the point? Wouldn’t the extra fee they charge make the points worthless anyway?
Wyndham Earner family definitely in contention
I completely agree, but RUclipsrs give this card no love.
Interesting add. But it’s limited for most since it gated to Wyndham points. Thanks though for the share!
So its not a premium card.. But the Sam's Club credit card pays 5% on gas (on up to $6,000 per year) Plus its a Synchrony card, So its easy to get.
But that is amazing!! Thank you for sharing that!
So after reading about the citi custom cash, you only get 5% back until you spend $500. Does that reset after every billing cycle?
With the American Express card can I transfer my point from this car to my gold card?
What is your favorite visa? I shop at Costco and they only take visa
Wish gas didnt cost 12 cent more a gallon more when you use credit
The citi custom cash bonus went up from spending $750 to earn it to $1500 😔
Chase freedom flex gives you a 5% bonus at gas stations and with new quarterly bonuses, gas stations is on the list so that makes it’s a 10% cash back for 3 months until quarter is over. Right?
It would be a total of 9% cash back for the 3 months the gas bonus is active
Citi Custom Cash? Frankly I’m disappointed! Be careful what you spend on because it gives you less when you don’t think about it!
Great call out!!
Wait for the city custom cash could you just use that card ONLY for gas ? And use other cards for other categories ? Isn’t that just a super simple solution or am I missing something lol ?
Pretty much
Can you transfer the points you get from the citi custom card ?
Is this Viable for 2024?
Will this be applied to ev charging stations?
I applied for the citi custum cash and got denied. What do I do now
Just a small typo in the description 1. should be Citi Custom Cash not Double Cash
Thank you for catching that!! Wow can't believe I missed that haha
11 MIN VIDEO!? CMON MAN.
No. Discover it (double first year) and Freedom Flex for rotating category. I have no idea why Custom Cash is not on this list. Double cash is outdated. PayPal Master card has replaced it. WF Active cash and BoA sucks as it still has the $25 increment rule and restrictions on points that Citi, Chase, and even PayPal (which you don't have to wait an entire year) have. Custom Cash had $300 sign up bonus (lower threshold to spend) now $200. Freedom Flex has $250-$200 for $500 spend (lower threshold). Discover has a $100 sign up bonus immediately after spending. Double cash as a $100 for a $1000 which is horrible. PayPal even has $100 for $500 spend which is better than double cash. Horrible list.
So what if I use the Citi Custom Cash for gas only and nothing else, will I get 5% still?
Yes
No Freedom Flex? 👀
I use my gold card to buy gas gift cards
THIS, love THIS!
Been following you on Instagram for a few months now, love the content! Great work John, keep it up