I don’t get a kickback if you get a PenFed card. I think it is one of the best gas cards currently out there.
With this card, I get 5 points per dollar on gas purchases. The current reward for 5900 points is a $50 gift card. This card gives you a gas savings of about 4%. If gas is $3 a gallon, you save a little more than 12 cents a gallon, not including any other offers you use.
This card also gives 3 points for grocery stores and 1 point for everything else. The grocery store points don’t change. The rewards are this way all the time. I don’t have to think what will my point reward be this month or week.
The card has two additional benefits:
1. There are no international charges. You can use it anywhere they take credit card, and you are not charged international fees.
2. They give car rental insurance. This can save you money when you rent a car.
This card does have one challenge: PenFed is a Federal Credit Union with some rules. You need to be a member of the Penfed Credit Union before you can apply for the card. However, you can do this by opening a share account and depositing $5. You will also need to make a one-time donation to one of their charities, which is like $20. After this, you should be able to apply for the credit card, as long as your credit is good.
I have been very happy with this credit card. The share account is kind of silly. That is it though; there are no further charges.
If you have a better gas credit card, please let me know.
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