Are you looking for a way to save money on gas or get gas cash back? If so, the best gas card for college students is a great option to get gas cashback for student as well as for working proffessional. These cards offer bonus rewards for gas purchases, which can help you save a significant amount of money over time.
5 of the best gas credit cards with cashback For College Students.
Citi Custom Cash℠ Card:
Features:
- Earn 5% cash back on up to $500 in purchases in your top eligible spending category each month.
- Gas stations are one of the eligible spending categories.
- No annual fee.
- No foreign transaction fees.
- Easy to redeem cash back for statement credits or travel.
Advantages on gas purchases:
- Save up to 5% on gas purchases each month.
- Reach the $500 spending limit quickly to maximize your cash back.
- Use the card for all of your gas purchases to avoid forgetting to activate the gas category.
- Pay your bill in full each month to avoid interest charges.
Blue Cash Preferred® Card from American Express:
Features:
- Earn 5% gas cash back on up to $500 in purchases in your top eligible spending category each month.
- Gas stations are one of the eligible spending categories.
- No annual fee.
- No foreign transaction fees.
- Easy to redeem cash back for statement credits or travel.
Advantages of gas purchases:
- Save up to 5% on gas purchases each month.
- Reach the $500 spending limit quickly to maximize your cash back.
- Use the card for all of your gas purchases to avoid forgetting to activate the gas category.
- Pay your bill in full each month to avoid interest charges.
Costco Anywhere Visa® Card by Citi:
Features:
- Earn 4% gas cash back purchases at Costco and everywhere else.
- No annual fee.
- No foreign transaction fees.
- Easy to redeem cash back for statement credits or travel.
Advantages on gas purchases:
- Save up to 4% on gas purchases at Costco and everywhere else.
- Use the card for all of your gas purchases to maximize your cash back.
- Pay your bill in full each month to avoid interest charges.
Discover it® Cash Back:
Features:
- Earn 2% gas cash back on gas station purchases up to $1,000 each quarter.
- Earn unlimited 1% cash back on all other purchases.
- No annual fee.
- No foreign transaction fees.
- Cash back is automatically doubled at the end of your first year.
Advantages of gas purchases:
- Save up to 2% on gas station purchases each quarter for gas cash back.
- Reach the $1,000 spending limit quickly to maximize your cash back.
- Use the card for all of your gas purchases to avoid forgetting to activate the gas category.
- Pay your bill in full each month to avoid interest charges.
Chase Freedom Flex℠ :
Features:
- Earn 5% gas cash back on up to $1,500 in combined purchases in bonus categories each quarter, then 1% back.
- Gas stations are a bonus category in the first year.
- No annual fee.
- No foreign transaction fees.
- Easy to redeem cash back for statement credits or travel.
Advantages on gas purchases:
- Earn up to 5% cash back on gas station purchases in the first year.
- Reach the $1,500 spending limit quickly to maximize your cash back.
- Use the card for all of your gas purchases to avoid forgetting to activate the gas category.
- Pay your bill in full each month to avoid interest charges.
Features and Advantages of Gas Credit Cards with Cash Back
Gas credit cards with cashback offer several features and advantages, including:
High cash back rewards:
These cards typically offer higher cash-back rewards on gas purchases than other types of credit cards.
No annual fee:
Many gas credit cards with gas cashback have no annual fee, which can save you money in the long run.
Simple rewards structure:
The rewards structure for gas credit cards with cashback is typically very simple, making it easy to track your rewards and redeem them for cash back.
Easy to qualify for:
Gas credit cards with cashback are often easier to qualify for than other types of credit cards, making them a good option for people with good or fair credit.
Requirements for Approval
The requirements for approval for a gas credit card with cash back vary depending on the card issuer. However, most cards require a good or fair credit score. Some cards may also require a minimum income or a history of responsible credit use.
How to Choose the Best Credit Card with Gas Cash Back
There are a few factors to consider when choosing the best gas credit card with cash back for you, including:
Your spending habits:
How much do you typically spend on gas each month? This will help you determine which card offers the highest rewards for your spending.
Your credit score:
Some gas credit cards with cashback require a good or excellent credit score. If you have a lower credit score, you may want to consider a card with no annual fee.
Your rewards preferences:
Do you prefer cash back or travel rewards? Some gas credit cards offer cash back, while others offer travel rewards. Choose a card that offers rewards that you will use.
What is The Annual charge for these gas credit cards?
Here is a table of the annual fees for the gas credit cards mentioned above:
| Card | Annual Fee |
|---|---|
| Citi Custom Cash℠ Card | $0 |
| Blue Cash Preferred® Card from American Express | $95 |
| Costco Anywhere Visa® Card by Citi | $60 |
| Discover it® Cash Back | $0 |
| Chase Freedom Flex℠ | $0 |
As you can see, some of these cards have an annual fee, while others do not. The annual fee is a one-time charge that you pay each year to keep the card open. Whether or not an annual fee is worth it depends on how much you use the card and how much you earn in rewards.
For example, if you spend a lot of money on gas each year, the Citi Custom Cash℠ Card or the Costco Anywhere Visa® Card by Citi may be worth the annual fee. These cards offer high rewards on gas purchases, which can offset the cost of the annual fee.
However, if you don’t spend a lot of money on gas, you may want to consider a card with no annual fee, such as the Discover it® Cash Back or the Chase Freedom Flex℠. These cards still offer decent rewards on gas purchases, and you won’t have to pay an annual fee.
Ultimately, the best way to decide whether or not an annual fee is worth it is to compare different cards and see which one offers the best rewards for your spending habit.
Requirements to get Approved for gas credit cards with cashback For College Students.
The requirements to get approved for gas credit cards with cashback vary depending on the card issuer. However, most cards require a good or fair credit score. Some cards may also require a minimum income or a history of responsible credit use.
Here are some of the most common requirements for approval for gas credit cards with cashback:
Credit score:
Most gas credit cards with cashback require a good or fair credit score. A good credit score is typically in the range of 670 to 739, while a fair credit score is typically in the range of 580 to 669.
Income:
Some gas credit cards with cashback may require a minimum income. The minimum income requirement will vary depending on the card issuer and the type of card.
History of responsible credit use:
Some gas credit cards with cashback may require a history of responsible credit use. This means that you have made your credit card payments on time and in full for at least a few years.
If you meet the requirements for approval, you will be able to apply for a gas credit card with cashback. The application process is typically simple and straightforward. You will need to provide some basic information about yourself, such as your name, address, and income. You will also need to provide your Social Security number.
Once you have submitted your application, the card issuer will review your application and determine whether or not to approve you. If you are approved, you will receive your new card in the mail within a few weeks.
Here are some tips for increasing your chances of getting approved for a credit card with gas cash back:
Check your credit score:
Before you apply for a gas credit card with cashback, it is a good idea to check your credit score. You can get your credit score for free from a number of different websites.
Pay your bills on time:
If you have a history of paying your bills on time, you will be more likely to be approved for a gas credit card with cashback.
Keep your credit utilization low:
Your credit utilization is the percentage of your available credit that you are currently using. Keeping your credit utilization low will help improve your credit score.
Apply for a card with a low credit limit:
If you have a low credit score, you may want to apply for a card with a low credit limit. This will help you build your credit history and increase your chances of being approved for a more premium card in the future.
What are the other benefits of a gas credit card?
Aside from cash back, here are some other benefits that you can get from gas credit cards other than gas cash rewards:
Travel rewards:
Some gas credit cards offer travel rewards, such as points or miles that can be redeemed for flights, hotels, or other travel expenses.
Extended warranty:
Some gas credit cards offer extended warranties on eligible purchases, which can protect you in case a product breaks or malfunctions.
Purchase protection:
Some gas credit cards offer purchase protection, which can reimburse you for purchases that are damaged or stolen within a certain period of time.
No foreign transaction fees:
Some gas credit cards offer no foreign transaction fees, which can save you money if you travel internationally.
Discounts and offers:
Some gas credit cards offer discounts and offers at participating gas stations, restaurants, and other businesses.
The specific benefits that you will get from a gas credit card will vary depending on the card issuer and the type of card. It is important to compare different cards and choose one that offers the benefits that are most important to you.
Here are some additional benefits that you may find on gas credit cards:
Sign-up bonus:
Many gas credit cards offer a sign-up bonus, which is a lump sum of rewards that you can earn after you spend a certain amount of money on the card in the first few months.
Welcome-offer:
Some gas credit cards offer a welcome offer, which is a special promotion that can include a sign-up bonus, waived annual fee, or other perks.
Rewards categories:
Some gas credit cards offer rewards in different categories, such as gas, groceries, dining, and travel. This can be a great way to earn rewards on your everyday purchases.
Rewards redemption:
Most gas credit cards allow you to redeem your rewards for cash back, travel, merchandise, or other rewards.
The best gas credit card for you will depend on your individual needs and spending habits. Consider the benefits that are most important to you and compare different cards to find the one that is right for you.
Can college Students Apply for a Gas credit card with cashback?
Yes, students can apply for gas credit cards with cashback. However, it is important to note that not all gas credit cards are open to students. Some cards have specific requirements, such as a minimum credit score or income.
Here are some gas credit cards that are open to students:
Bank of America® Cash Rewards Credit Card for Students:
This card offers 3% cash back in the category of your choice, from online shopping to off-campus dining and more. You’ll earn 3% and 2% cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1%.
Capital One Journey Student Credit Card:
This card offers 1% cash back on all purchases. You’ll also get a $200 welcome bonus after you spend $500 on purchases in the first 3 months from account opening.
Discover it® Student Cash Back:
This card offers 5% cash back on rotating categories each quarter, which can include gas stations. You also earn 2% cash back on gas stations and restaurants on up to $1,000 in combined purchases each quarter, and 1% cash back on all other purchases.
Chase Freedom Flex℠:
This card offers 5% cash back on rotating categories each quarter, which can include gas stations. You also earn 3% cash back on dining and drugstores on up to $2,000 in combined purchases each quarter, and 1% cash back on all other purchases.
It is important to compare different cards and choose one that offers the rewards that are most important to you. You should also make sure that you can afford to make the monthly payments on the card.
Tips for students who are applying for a gas credit card with cashback:
Check your credit score:
Before you apply for a gas credit card with cashback, it is a good idea to check your credit score. You can get your credit score for free from a number of different websites.
Consider your spending habits:
Think about how much you typically spend on gas each month. This will help you determine which card offers the highest rewards for your spending.
Read the terms and conditions carefully:
Before you apply for a gas credit card with cashback, be sure to read the terms and conditions carefully. This will help you understand the fees and other requirements of the card.
Start with a low-limit card:
If you have a limited credit history, you may want to start with a low-limit card. This will help you build your credit history and increase your chances of being approved for a more premium card in the future.
How Much Money Can You Save Annually with a Gas Credit card For Gas?
The amount of money you can save annually with a gas credit card for gas cash back depends on a number of factors, including the following:
The amount of money you spend on gas each year:
The more money you spend on gas, the more you will save with a gas credit card.
The rewards rate of the gas credit card:
The rewards rate is the percentage of your gas purchases that you will earn back in rewards.
The annual fee of the gas credit card:
Some gas credit cards have an annual fee, which will reduce the amount of money you save.
Here are some examples of how much money you could save annually with a gas credit card:
- If you spend $2,000 per year on gas and you have a gas credit card with a 2% rewards rate, you will save $40 per year.
- If you spend $5,000 per year on gas and you have a gas credit card with a 3% rewards rate, you will save $150 per year.
- If you spend $10,000 per year on gas and you have a gas credit card with a 4% rewards rate, you will save $400 per year.
Of course, these are just estimates. The actual amount of money you save will depend on your individual spending habits and the rewards rate of your gas credit card.
Here are some tips for maximizing your savings with a gas credit card:
Choose a gas credit card with a high rewards rate.
The higher the rewards rate, the more money you will save.
Use your gas credit card for all of your gas purchases.
This will help you maximize your rewards.
Pay your credit card bill on time and in full each month.
This will help you avoid interest charges and maximize your rewards.
If you are looking for a way to save money on gas, a credit card with gas cash back can be a great option. By following these tips, you can maximize your savings and save hundreds of dollars each year.
How Many Days It Took To Get Approved For?
The time it takes to get approved for a gas credit card with cashback can vary depending on several factors, including:
The credit card issuer:
Some credit card issuers are faster than others at processing applications. You Can wait a week or so to get approved.
Your credit score:
If you have a good credit score, you are more likely to be approved quickly.
The time of year:
Credit card issuers are typically busier during certain times of the year, such as the holidays.
In general, it can take anywhere from a few days to a few weeks to get approved for a gas credit card with cashback. However, there are some cases where it may take longer.
Here are some tips for speeding up the approval process:
Apply online:
Applying online is typically the fastest way to apply for a credit card.
Provide accurate information:
Make sure to provide accurate information on your application, such as your name, address, and income.
Check your credit score:
Before you apply, check your credit score to see where you stand.
Be patient:
If you don’t hear back from the credit card issuer right away, be patient. It may take a few days or weeks to process your application.
If you are approved for a gas credit card with cashback, you will typically receive your card in the mail within a few weeks.