Best Credit Cards for Electric Vehicle Owners
Introduction:
As electric vehicles (EVs) gain popularity, many consumers are searching for ways to maximize their investments while reducing their carbon footprints. One of the ways to do that is to choose a credit card designed specifically for electric vehicle owners. In this article, we’ll take a look at the best credit cards available for EV enthusiasts and discuss the benefits they offer.
1. Tesla Platinum Visa Card
The Tesla Platinum Visa is a top choice for Tesla owners and supporters. Issued by Credit Union One, this card offers 3 points per dollar spent on purchases from Tesla Service Centers, Supercharging Stations, and Tesla online stores. Cardholders also receive 2 points per dollar spent on dining, lodging, and travel expenses, as well as 1 point per dollar spent on all other purchases. With no annual fee and a competitive APR, this card is perfect for racking up rewards while going green.
2. ChargePoint® Electric Vehicle Card
ChargePoint is one of the largest EV charging networks in the world, making this card an excellent option for those who rely heavily on public charging infrastructure. With every dollar spent at ChargePoint stations earning 4% cashback, EV drivers can save significantly on refueling costs. Additionally, users earn 2% cashback on dining and travel-related expenses and 1% on all other purchases. The annual fee is $50 but can be offset by frequent charging at ChargePoint locations.
3. Blue Cash Preferred® Card from American Express
Although not exclusively designed for electric vehicle owners, the Blue Cash Preferred® Card from American Express offers valuable benefits that can be utilized by EV drivers. The highlight of this card is its whopping 6% cashback at U.S supermarkets (on up to $6,000 per year in purchases), allowing you to save on groceries, including charging equipment and supplies sold at participating stores.
Cardholders also enjoy 3% cashback at U.S. gas stations and transit expenses, such as parking lots, tolls, and rideshares. A $95 annual fee applies, but the potential savings make it a worthwhile investment.
4. Bank of America® Customized Cash Rewards Credit Card
The Bank of America® Customized Cash Rewards Credit Card lets you choose your 3% cashback category from a list that includes gas stations, making it an ideal choice for plug-in hybrid electric vehicle (PHEV) owners who still rely on some gasoline use. Additionally, this card offers 2% cashback at grocery stores and wholesale clubs and 1% on all other purchases. There is no annual fee, making it an attractive option for many EV drivers.
Conclusion:
Selecting the right credit card can help electric vehicle owners save on maintenance and charging costs in the long run. Consider your specific needs – whether it’s rewards on Tesla-specific purchases or savings on grocery store and gas station expenses – and look into each card’s benefits to determine which one is best suited for you. By combining your passion for sustainability with a rewards card tailored for EV drivers, you can maximize your eco-friendly journey while keeping more green in your wallet.