Hello my friends. Before I begin, I do want to point out that I searched for "gas" since I am sure this topic has been addressed before. I didn't find this topic on the first few pages and I wasn't about to shuffle through all 71 pages looking to revive this topic. So I hope no one minds that I start a new one.
Well anyway, I finally got around to getting a costco membership. After I posed for my picture and was handed my card, I didn't even enter the store to look around. I immediately left the store and headed straight for the pumps!! Man was I excited, I was going to stack my 5% penfed rewards with the costco gas selling for a 10 cent discount and then come post the experience on here and get lots of green. Well you guys know what I am about to say. Imagine my disappointment when its rejecting my cards and asking for PIN codes!! I drove off with an empty tank crying, it was so sad, a grownass man crying like that. You would have cried if you saw me.
Later I did some research and discovered what, again, I bet most of you already know. That you can use only AMEX, debit cards, or costco cash cards at the pump. No problem, I have a no-annual-fee AMEX card (actually 2, another for my wife "employee" that gives 3 points per dollar rewards for gas. But then in the fine print it says it must be a standalone gas station and that costco is excluded. What the hell does a guy gotta do in society to get ahead these days!!
So I am now thinking that there is no possible way to get credit card rewards with costco gas. I am thinking that penfed's 5% rewards, which is always going to be better than 15 cents per gallon as long as gas is more than $3/gal, will always be better than costco's 10 cent discount. A real bummer since one of the big reasons I got the costco card was for the gas....
But anyway, as I see things, the best way to purchase gas is to use grocery rewards, if they are available where you live, and stack that with 5% gas rewards. I can't think of another way - costco doesn't even fit into the equation.
Thoughts? Anything I am missing?