If you are a person with good credit (very good credit) and pay your credit card account balances in full each month, you might be interested in this. Pentagon Federal Credit Union issues a Visa Platinum card which rebates 5% on fuel purchases (bought at the fuel island). So let's say fuel is $4 per gallon, that amounts to 20 cents off for a net price of $3.80 per gallon. The rebate is applied to your next months bill, which I really like.

If you decide to do this you will notice that they say the 5% is reduced to 3% starting 12/31/13. This DOES NOT apply if at the same time you open a Money Market Savings account with $25 or more. With this account in place, you continue to get 5% rebate and no annual fee on the card .

Anyway, thought I would share this...no affiliation.

 

I've had one of these for a few years, they also give ~2% off for retail purchases I think. A couple weeks ago they sent a notification letter saying that a $25 annual fee is being applied. I'll have to look into that $25 savings account, I had to open one with $10 to get the card.

 

Yes Travis, no annual fee and continued 5% if you open the Money Market Savings Account.

Here is an email from them, when I inquired:


Thank you for contacting Pentagon Federal Credit Union.

We apologize for the confusion, and for any inconvenience this may have caused you. Yes, as of 9/18/2013 the following qualifying products were added:

• Thrifty Credit Service
• Personal Line of Credit
• Educational Line of Credit
• Money Market Savings account

You may also open one of these qualifying products to avoid the annual fee:

• Active checking account with direct deposit of at least $250.00 per month
  Installment loan such as an automobile loan, boat loan, motorcycle loan,
  personal loan, and/or educational loan
• Money Market Certificate
• IRA Certificate
• Equity Loan or Equity Line-of-Credit with a balance
• PenFed Mortgage

Opening one of these accounts will automatically upgrade your account to a Plus PenFed Platinum Cash Rewards Credit Card and you will not only avoid the $25 annual fee, but also maintain 5% cash back on gas purchases made at the pump.


If you need further assistance, please contact us.

Sincerely,
Amber Frank
Pentagon Federal Credit Union

 

Thanks Neal, I'll get in touch with them.

 

A Costco business account American Express gets you 4% (used to be 5%) on all fuel purchases up to 75 gals per purchase made at places other than grocery stores, Wal-marts, etc... Had one for years. Just another way to save.

 

Costco doesn't have diesel here ...that's all I use other than a wee bit of gas in my Nova and Suzuki (I always fuel them at Costco). This 5% you immediately get back (well, one month) rather than every year like Discover and Costco cards.

 

I use the Costco American Express at the Sinclair in Sparks and get my 4% the next month just like your credit union. Works at all stations except the grocery store type.

 

Is there a max per year. Discover has a max then it goes down to like 1% or something like that.

 

No per year or month max on the Costco A/E, just the limit on gals per transaction at 75 gal. It is 4% for the business account card and I believe the personal account card is 3%, if you don't qualify for the business card. With gas at $4.29/gal and diesel at $4.59/gal here in town it helps make it more palatable if I get stuck getting fuel here as opposed to Reno/Sparks.

 

$4.29??? Wow I saw diesel here yesterday for $3.50

 

No max on the PenFed Visa....5% period, rebated the following month on your bill.

 

JT, the $4.29 was for gas, diesel is $4.59 a gal here in town.

 

That's even worse. Over $1 higher than here.

 

How is this ?

 

that price includes buger and fires, RIGHT