that 5% won't make up for the inflation on all other products from gas prices going up.
I agree with that. We can't stop that from happening, though.
In my case, I consider 5% cash back as 100% savings since we don't keep any balance on any of our four credit cards, past the due date.
Depending on how fast you accumulate the total of $20 cash back, it gets to be credited to your balance as cash.
Cash price for gas is cheaper than the gas stations which accept credit cards. But, when we use this credit card we save about 8 to 10 cents more per gallon over the cash price.
We use the credit cards based on what they offer best. For e.g. I would buy airline tickets with Discover Platinum because in case you die the survivers get $500,000 dollar accidental death ins. money, etc.
We don't owe a dime to anyone, even the IRS—we always get money back.
I am always open to new ideas for saving.
Penny saved is penny earned is my motto.