Credit Cards Center Credit cards from our partners
Reply
Established Member
Posts: 18
Registered: ‎03-08-2014
0

Gas Spending

Im sure someone has posted something like this before but of the two:

 

  • 5% cash back on gas
  • 15 cents off per gallon

Which would you be using?

 

Thanks for your input. Cat Happy

Store- Kohls$300 ,Victoria Secret-$750, Walmart-$800, maurices-$980, Best Buy-$1,000, Amazon Store-$1,700, Barclay Card Apple-$1,200, Buckle-$500, Loft-$750
Major- Chase Amazon Rewards-$1,000, Chase Slate-$500, Barclaycard-$1,750, Capital One Journey-$1,000, Discover IT (Secured)-$1,200, PayPal Extras MC-$3,000, Citi Thank You Student-$2,500
Contributor
Posts: 83
Registered: ‎05-13-2014
0

Re: Gas Spending

I haven't seen any offer like that, but chase AARP cc has 3% on gas and restaurants year round! Also you can transfer the point to chase ultimate rewards to use with CSP

Freedom$6,000 CSP$11,000 IT$4,000 BCE$16,200 SallieMae$5,000 NFCU$14,000 Macys$1,000 United$5,000

Valued Contributor
Posts: 1,425
Registered: ‎06-27-2014
0

Re: Gas Spending

 

It depends on how much gas cost.  If you are paying $3 per gallon, 5% off = 15 cents.  So it is a wash.   Pay more than $3 per gallon, the 5% is better.  

 

Same math works for places that charge less for cash vs. credit.

Regular Contributor
Posts: 143
Registered: ‎01-11-2014
0

Re: Gas Spending


CreditDunce wrote:

 

It depends on how much gas cost.  If you are paying $3 per gallon, 5% off = 15 cents.  So it is a wash.   Pay more than $3 per gallon, the 5% is better.  

 

Same math works for places that charge less for cash vs. credit.


+1. also, super jealous of anyone who's paying $3 per gallon. About $4.50 here in california :\

      
          12k                    10k                     5k                 12.5k (AU)                 6k                   NPSL                   12k
New Member
Posts: 6
Registered: ‎07-11-2014
0

Re: Gas Spending


CreditDunce wrote:

 

It depends on how much gas cost.  If you are paying $3 per gallon, 5% off = 15 cents.  So it is a wash.   Pay more than $3 per gallon, the 5% is better.  

 

Same math works for places that charge less for cash vs. credit.


+1

Established Contributor
Posts: 819
Registered: ‎04-02-2014
0

Re: Gas Spending


milkshakes wrote:

CreditDunce wrote:

 

It depends on how much gas cost.  If you are paying $3 per gallon, 5% off = 15 cents.  So it is a wash.   Pay more than $3 per gallon, the 5% is better.  

 

Same math works for places that charge less for cash vs. credit.


+1. also, super jealous of anyone who's paying $3 per gallon. About $4.50 here in california :\


Smiley Surprised WOW! I thought we had it bad here in North Dakota. I just paid $3.38/Gallon.






EX FICO (AMEX): 739 (11/12/16) | TU FICO (Discover): 736 (11/7/16) | EQ FICO (Citi): 763 (10/25/16)
Super Contributor
Posts: 9,542
Registered: ‎06-19-2013
0

Re: Gas Spending


14Fiesta wrote:

milkshakes wrote:

CreditDunce wrote:

 

It depends on how much gas cost.  If you are paying $3 per gallon, 5% off = 15 cents.  So it is a wash.   Pay more than $3 per gallon, the 5% is better.  

 

Same math works for places that charge less for cash vs. credit.


+1. also, super jealous of anyone who's paying $3 per gallon. About $4.50 here in california :\


Smiley Surprised WOW! I thought we had it bad here in North Dakota. I just paid $3.38/Gallon.


I just paid 4.03 a gallon here. I don't even remember what 3 dollar a gallon is like



EX Fico 804 11/16/16 Fako 800 Credit.com 11/16/16
EQ SW bank enhanced 11/16/16 839 CK fako 822 11/16/16
TU Fico discover 10/19/16 814 Fako 819 Creditkarma 11/16/16
Established Contributor
Posts: 592
Registered: ‎06-19-2014
0

Re: Gas Spending


mongstradamus wrote:

14Fiesta wrote:

milkshakes wrote:

CreditDunce wrote:

 

It depends on how much gas cost.  If you are paying $3 per gallon, 5% off = 15 cents.  So it is a wash.   Pay more than $3 per gallon, the 5% is better.  

 

Same math works for places that charge less for cash vs. credit.


+1. also, super jealous of anyone who's paying $3 per gallon. About $4.50 here in california :\


Smiley Surprised WOW! I thought we had it bad here in North Dakota. I just paid $3.38/Gallon.


I just paid 4.03 a gallon here. I don't even remember what 3 dollar a gallon is like


Yea I learned this hard lesson, never drive to Los Angeles without filling up... First station I could find was a Chevron... a whopping $5.22 a Gal

Senior Contributor
Posts: 8,517
Registered: ‎06-05-2013
0

Re: Gas Spending

[ Edited ]

kfyoung wrote:

Im sure someone has posted something like this before but of the two:

 

  • 5% cash back on gas
  • 15 cents off per gallon

 


You don't have to rely on a posting.  Do the math.  X represents price per gallon.  Compare:

 

X * 0.95

 

versus

 

X - 0.15

 

Established Member
Posts: 18
Registered: ‎03-08-2014
0

Re: Gas Spending

Thanks guys. My math skills were not on par when I posted this the other day haha. Thanks for breaking it down for me!
Store- Kohls$300 ,Victoria Secret-$750, Walmart-$800, maurices-$980, Best Buy-$1,000, Amazon Store-$1,700, Barclay Card Apple-$1,200, Buckle-$500, Loft-$750
Major- Chase Amazon Rewards-$1,000, Chase Slate-$500, Barclaycard-$1,750, Capital One Journey-$1,000, Discover IT (Secured)-$1,200, PayPal Extras MC-$3,000, Citi Thank You Student-$2,500

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.