The Basics
Save 12-30 cents per gallon or more by using your Discover Gas Rebate Card at ANY gas station. No annual fee. Save more as gas gets more expensive!
The Card
The card is accepted anywhere that accepts Discover, but the Gas Rebate Card has a different reward program than the normal Discover card. You must sign up for it specifically, or switch into the Gas Rebate program if you already have Discover. You earn up to 5-10% cash back on all of your gas purchases, the standard 1% on everything else.
How to Save
Just pay for gas using your Discover Gas Rebate Card and you will earn 5% cash back. Once you have earned a total of $20 in cash back (which is $400 spent in gas) you get a check for $20! With gas at $2.50 per gallon, you would essentially be saving 12 cents per gallon. Good deal. But, you can feasibly save even more than that…..
How to Save.... More!
6.25% Discount- Anyone can earn this as long as you plan on spending any money at Bed Bath and Beyond, Red Lobster, or Borders Books (plus others.) When it comes time to redeem your reward, rather than redeem the $20 reward in the form of a check, just ask for a gift certificate to one of those retailers. You redeem a reward of $20, but the gift certificate actually has a value of $25! Mathematically you would be saving 6.25% on your gas that way
10% Discount- Well, if you plan on shopping at the Sharper Image, staying at the Hyatt, or buying from FTD (plus others) you can save even more. Again, just ask to have your $20 reward turned into a gift certificate and the value of the certificate will actually be $40 with these retailers. Therefore, if you get back $40 for every $400 you spend on gas, you are saving 10%, or 25 cents per gallon at $2.50!
The Catch-
You only earn 5% cash back on gas during your first $1,500 in TOTAL purchases on the card PER YEAR*. Don’t waste part of that $1,500 limit on items like groceries where you are only earning 1%. Use the card only for gas. If you do reach the $1,500 limit, you then earn a respectable but not as good 3%. You can still double the reward using the method described above. If you love Discover and want to use it for more than just gas, try to sign up for one gas rewards card, and one basic rewards card.... that way you don't use up your spending limit.
* I was just told (Oct 1st) by a Discover Rep. that this limit may be upped or gotten rid of all together soon. Keep an eye out.
If you have a Discover card, just call them to switch programs (you can’t do it online) No new card, no credit application. If you don’t have one you can just call them or sign up online, but make sure you sign up specifically for the gas rebate card.
Ooh!....Sneaky!-
If you spend more than $1,500 on gas and want to keep earning 5% cash back beyond the $1,500 limit, then try this. Discover has no problem giving one person two different accounts (ie one Gas Rewards card, one normal Discover card) that way they keep you spending $ on more than just gas. So do that, and when you reach the $1,500 limit for the 5% reward on the gas card, call and switch it to the regular Cash Back rewards program, and swich the basic card into the Gas Program.... that way you have another $1,500 to spend on gas at the full 5% or more! (I haven't tried it yet, but it should theoretically work) You can switch rewards programs as much as you want, but remember the limit to earn the full rewards is annual and per account.
Sign up-
https://www.novusnet.com/cardmembers...pply?card=CBBP
Details-
https://www.novusnet.com/cardmembers...Info?card=CBBP
Redemption Partners-
https://www.novusnet.com/discover/da...partners.shtml
If you like my idea bump this every once-in-a-while so others can read it. Do you know any other gas offers?
Cheers!