From 6/23/17 to 6/29/17 you can earn 2x points when you purchase Mastercard gift cards at Stop & Shop (or Giant). You have to present your Stop & Shop card when purchasing the gift cards and also when redeeming your points at the gas station.
Using Fuel Points
These gas rewards have been devalued lately, but here’s how it works now. Every 100 points are worth $0.10 off per gallon on your fill up of up to 20 gallons. If you buy a $500 Mastercard gift card and you will receive 1000 points. That would be $1.00 off per gallon. Multiply that by how many gallons you can pump in one fill up, to calculate your profits. The limit is 20 gallons. The more you can pump in one transaction, the better the deal gets.
If you buy more than one gift card, you’ll obviously get more points but you can only redeem up to 1500 points per transaction at some locations, which is $1.50 off per gallon. Some places you can use even more.
Points can be reedemed at Stop & Shop gas stations and at participating Shell locations which can be found here. In New Jersey, savings apply after fueling at the posted price and will appear on the receipt. If you don’t have a Stop&Shop near you, the deal should be available at Grant as well.
Don’t buy too many cards if you don’t drive much and try to fill up with an empty tank to maximize your profits. I usually drive about 1300 miles per month, so this offer should add up to some nice savings.
Gas Rewards Details
- Total discount cannot exceed price per gallon
- The discount can only be used on one vehicle, limited to the tank’s capacity, not to exceed 20 gallons
- Earned points are available for redemption within 24 hours
- Gas Rewards points are valid for 30 days from the day they are earned; your date of purchase is Day 1
- Your available points will be redeemed in 100 point increments (worth 10 cents off per gallon)
Maximize Credit Card Rewards
Use a credit cad that earns points at grocery stores when purchasing the gift cards. I’d use my Old Amex Blue Cash which will earn 5%, which already turns in a profit even before the gas savings. Amex Blue Cash Preferred will earn you 6% and Chase Freedom will also earn 5% this quarter.
Read more here on how to use your points.
This is a good deal for people who drive since it get’s you very cheap gas and a small profit through credit card rewards. Previously some locations, especially in NYC, didn’t allow gift card purchases with credit cards but it now explicitly states in the ad that they accept credit cards for the purchase of Visa, Mastercard and American Express gift cards.