Looking for a credit card that pays 5% for gas (fuel) & 3% for restaurants (no annual fee) to replace Sam's Club Mastercard

  • I currently have a Sam’s Mastercard that pays 5% cashback for gas (fuel) & 3% cashback for restaurants, but we do not use our Sam’s club membership enough to justify the $45 annual fee. Fuel is the most important category. Excellent credit. Recommendations please and thank you!

  • Global Moderator

    Not sure there’s one card out there besides the Sam’s Club and Costco cards that offer 5% gas and 3% restaurants on the same card(actually the Costco card is 4% on gas). The best alternative I know of would be replacing with 2 cards:

    Click on the Platinum tab for 5% cash back gas card:

    And then this one for 3% at restaurants(I’m sure there are other alternatives for 3% on restaurants):

  • Global Moderator

    Not as easy as the option above, but if you happen to qualify for the Platinum Honors level of the Bank of America Preferred Rewards program, you can get their standard cash rewards card. That card allows you to pick one 3% cash back category, and the Platinum Honors bonus bumps that to 5.25%

  • BoA has multiple variations of the card that @jcantanixon mentioned:

    Rates, fees & offers

    • Annual fee - $0

    • Rewards

      • Earn 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings
      • Earn 2% cash back at grocery stores and wholesale clubs on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1%
      • Earn unlimited 1% on all other purchases
      • Preferred Rewards members get a 25%-75% rewards bonus on every purchase.
    • Bonus offer - $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening

    • Intro APR - 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days

    • Ongoing APR - APR: 15.99% - 25.99% Variable APR

    • Penalty APR: up to 29.99% APR

    • Balance transfer fee - Either $10 or 3% of the amount of each transaction, whichever is greater.

    • Foreign transaction fee - 3%

    • No expiration on rewards

    What is the Preferred Rewards program?
    With the Preferred Rewards program, Bank of America® customers get a bigger bump if they deposit significant amounts of cash at the bank or its Merrill-branded investment arms.

    To qualify for the Bank of America®‎ Preferred Rewards program, one needs:

    • A Bank of America®‎ personal checking account
    • $20,000 or more in qualifying Bank of America® accounts, which include eligible Merrill investment accounts (calculated as a three-month average of combined balances)

    Preferred Rewards tiers are labeled Gold, Platinum, and Platinum Honors, based on balances. The tiers determine the credit card rewards boost.

    Gold	        Platinum	Platinum Honors
    $20K-$49,999	$50K-$99,999	$100K+
    25% bonus	50% bonus	75% bonus

    Once one reaches a rewards tier, one can keep the program benefits for a total of 15 months if one’s balances drop below the thresholds.

    The Preferred Rewards Program also offers interest-rate boosts on money market accounts, no-fee ATM transactions, reduced mortgage origination fees, and loan rate discounts, among other perks.

  • PenFed has a Platinum Rewards card that earns

    • 5% in points on gas purchased at the pump
    • 3% in points on groceries
    • 1% in points on everything else

    However, those aren’t true CB rates (1 point = 85¢), so

    • 5% —> 4.25% CB effective rate
    • 3% —> 2.55% CB effective rate

    ex. One must redeem 5,880 points for a $50 Visa GC…

    According to @TheDiggler, PenFed previously offered a Platinum CASH Rewards legacy card, which earns a straight 5% back on gas paid for at the pump, with the credit posting automatically. Not sure if one can upgrade to that card or not… 🤔

    Here is an archived screenshot from when the card was offered back in Sept 2012:

    Compared to what PenFed offers today:

  • USAA® Cashback Rewards Plus American Express® Card

    • 5% cash back on your first $3,000 in combined gas station and military base purchases yearly
    • 2% cash back on your first $3,000 in grocery purchases yearly
    • 1% cash back on all other purchases

    Annual Fee - $0
    Penalty APR - None
    Variable APR Rates - 13.90% to 27.90%
    Foreign Transaction Fee - $0
    Balance Transfer/Cash Advance Fee - 3% of the amount of each transaction

  • Ducks Unlimited Rewards Platinum Edition® Visa® Card

    • No Annual Fee
    • Unlimited 5% cash back on Gas purchases & Sporting Goods Store purchases
    • Unlimited 1% cash back on other purchases everywhere Visa is accepted
    • A portion of every purchase you make with the Ducks Unlimited Rewards Visa® Card helps fund wetlands conservation efforts
    • Purchase APR: 21.24%, Variable
    • Cash Advance APR: 27.49%, Variable
    • Balance transfer fee - 5%
    • Foreign transaction fee - 3%

    Bank of the West Cash Back World Credit Card

    • 3% cash back on groceries, dining, and gas
    • 1% unlimited cash back on everything else
    • Cash Back is automatically credited to your account each quarter as a statement credit
    • Concierge and travel services
    • 0% intro APR for 6 months, then 18.24%-25.24% variable APR
    • $0 annual fee
    • Balance transfer fee - 4%
    • Foreign transaction fee - 3% of the U.S. Dollar amount of each such transaction

    IKEA® Visa® Credit Card

    • 5% back in rewards on IKEA® purchases, including Traemand installation and TaskRabbit assembly services
    • 3% back in rewards on grocery, dining, and utility purchases
    • 1% back in rewards on all other purchases made with your IKEA® Visa credit card
    • $25 off your first IKEA purchase when you open and use your IKEA Visa credit card the same day
    • Bonus $25 IKEA Reward Certificate when you make $500 in qualifying purchases outside of IKEA, Traemand and TaskRabbit within the first 90 days of account opening with your IKEA Visa credit card
    • Annual fee - None
    • Balance transfer fee - 5%
    • Foreign transaction fee - None

    Chase Freedom® card
    You’ll earn 5% cash back each quarter on up to $1,500 in combined purchases in that quarter’s bonus categories.*

    *2019: 5% CB on gas during 1st & 3rd quarters

    SPECIAL OFFER! $200 BONUS after you spend $500 on purchases in your first 3 months from account opening


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