Are you tired of facing the hustle and bustle of your daily commute without reaping any benefits? Have you ever thought of saving some extra bucks just by choosing the right credit card? Well, you are in the right place! Flik Eco is here to break down the mystery of finding the best credit cards tailored especially for your commuting needs. Time to brace yourselves and get ready to take a deep dive into the world of credit cards that can help you save money, dazzling rewards, and help you savor the fruits of your commuting endeavors.
Best Credit Cards For Commuting Table of Contents
Key Consideration Factors
1. Commuting Expenses
Before considering the best credit cards, think about your daily commuting expenses. Estimate how much you spend on fuel, public transit, parking, etc. - this will help you identify the credit cards that meet your spending habits.
2. Reward Points and Cash Back
Aim for credit cards that offer maximum rewards points or cashback on your commuting expenses. Look for cards that provide higher cashback percentages or reward points on public transit, rideshare services or gas stations.
3. Sign-Up Bonuses
Keep an eye out for enticing sign-up bonuses that credit cards might offer. These can range from bonus points, cash rewards or introductory 0% APR.
4. Annual Fees and APRs
Always compare the annual fee and annual percentage rate (APR) of the credit cards you are considering to ensure they do not offset the rewards you are receiving.
Top Credit Cards for Commuting
1. American Express Blue Cash Preferred Card
- 3% cashback on transit purchases including rideshares like Uber and Lyft, buses, trains, and more.
- 6% cashback on US supermarkets up to $6,000 per year then 1%.
- $300 statement credit after spending $3,000 in the first 6 months.
- $0 introductory annual fee for the first year, then $95/year.
2. Chase Sapphire Preferred Card
- 3x points on public transit, including buses, taxis, trains, and rideshares.
- 5x points on travel purchased through Chase Ultimate Rewards.
- 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening.
- $95 annual fee.
3. Wells Fargo Propel American Express Card
- 3x points on transit purchases, including gas stations, rideshares, and public transit.
- No annual fee and 0% APR for 12 months on purchases and balance transfers.
- 20,000 bonus points when you spend $1,000 in the first 3 months.
4. Citi Premier Card
- 3x points on travel, including gas stations, parking, tolls, and public transit.
- 60,000 bonus points after spending $4,000 in the first 3 months.
- $95 annual fee.
Best Credit Cards For Commuting Example:
Meet Mike, a freelancer who commutes to work daily using various means such as trains, buses, and ridesharing services like Uber. Mike estimates his monthly commuting expenses are around $200. He's in search of a credit card that could maximize his savings and offer him rewards on his travel expenses.
After researching the available credit cards, Mike decides that the American Express Blue Cash Preferred Card is his best bet. He can get 3% cashback on his transit-related purchases, which equates to a monthly savings of $6. Over a year, Mike saves approximately $72. In addition, he also benefits from the card's other features like 6% cashback on US supermarkets, its sign-up bonus, and the waived annual fee in the first year.
There you have it! We've ushered you through the world of credit cards that reward your commuting slices of life. It's time to reap the benefits and make your commutes more rewarding by choosing a credit card that perfectly suits your travel lifestyle. Don't forget to share this article with your friends and family so they too can travel smart. For more wholesome personal finance and investment tips, feel free to explore other fantastic resources on Flik Eco.
