There used to be a bunch of great cashback cards for gas, but now the only one that still offers 5% back to consumers is the PenFed Platinum Cashback Rewards card. It offers:
- 5% cash back on gas purchases (must pay at pump)
- 2% cash back on supermarket purchases
- 1% cash back on everything else.
No annual fee. The rewards are credited on each monthly statement, so that you don’t have to wait to meet any $50 thresholds or remember to call in. If your family spends $200 on gas per month, that alone will have this card paying you $120 per year in rewards.
The catch? You must also be a member of the Pentagon Federal Credit Union (you can apply for both at the same time). In general, membership is open to the military, US government employees, or the family or household of existing members. However, anyone can become eligible by joining the National Military Family Association (NMFA) for a $20 one-time fee (and it goes to a good cause). PenFed also offers other competitive financial products, including low-rate mortgages and long-term CD rates.
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Tags: Cash Back, Cashback Rewards Card, Gas, Rewards Card
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