Best Gas Credit Cards that Will Fill Your Car and Your Wallet
Although gas credit cards are often ideal for people who have had credit problems in the past and need to rebuild or establish credit, gas credit cards can also be valuable if they provide rewards programs. Some of the most popular types of rewards credit cards are the ones that allow you earn cash back for everyday purchases like gas. If you use your card every time you fill up, your rewards can end up being worth hundreds of dollars per year.
We have included our editor’s picks for the best gas credit cards that are currently available, as well as some tips for choosing the gas rewards program that is best for you.
Best Gas Rewards Credit Card
One of the previous leaders among gas rewards credit cards, the PenFed Platinum Rewards Visa, dropped some of the valuable features it had become well known for. Features such as the sign-up bonus and its 5% cash back on gas were discounted, giving many other gas cards the opportunity to take the lead in this category.
no annual fee
5% on 2 categories you choose quarterly
2% on 1 category you choose quarterly
One of the best cards currently available for earning cash back on gas purchases is the US Bank Cash+. This card awards 5% cash back on two categories of your choice, with gas being one of them, up to a quarterly limit of $2,000. Plus, you earn unlimited 2% cash back on one category of your choice.
Best Gas Credit Card for Gas Discounts
Not all gas rewards cards award cash back for purchases. If you typically use a particular gas station, you could earn more in the way of gas discounts when you fill up.
The Chevron and Texaco Visa Credit Card is specifically designed for gas at these particular gas stations. This card is especially ideal because you can also use it wherever Visa is accepted. You can earn .03 cents per gallon in fuel credits every time you fill up at Chevron or Texaco stations, without an annual fee. The APR for purchases is a variable APR of 27.24%. As a bonus, new cardholders get a bonus of .10 cents per gallon in fuel credits for the first 60 days.
Best Gas Rewards Card for Poor Credit
Although most rewards cards are reserved for consumers with good and excellent credit, there are opportunities to earn cash back if you have had credit problems as well. If you are building credit or rebuilding, you can earn gas rewards with the following credit card. Keep in mind, however, that if the card costs you more to carry than you would earn in rewards, it may not be the best gas card for your situation.
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This fully unsecured credit card with no deposit requirement can be helpful in growing or building credit. Your account activity will be reported monthly to all three major credit bureaus.
All the features you want in a credit card are included. Get 1% cash back on eligible purchases, take advantage of free online credit score tracking, and enjoy credit line increase opportunities. Terms apply.
$0-$99 annual fee
The Credit One® Platinum Visa® Rewards Credit Card awards 1% cash back for gas and groceries and is ideal for those who are building or rebuilding their credit. The annual fee is dependent on your creditworthiness and is $0 to $99. The variable APR is 15.65%-24.15%. Further, this card issuer is known for being understanding of lower credit ratings, making it ideal for those with fair or poor credit scores.
Best Gas and Everyday Purchases Credit Cards
If you’re looking for a gas card to earn cash from, you’ll likely benefit from a card that awards other types of everyday purchases like groceries and utilities. For these types of everyday purchases, you should consider a card such as the following.
The Barclaycard Rewards MasterCard awards 2x points for gas, utilities, and groceries, and 1x point on all other purchases, with 1,000 points being equal to $10. There is no annual fee for this card, and you get free access to your FICO Score. The APR is variable at 25.24%.
$95 annual fee
up to 3-6% cash back
$150 intro bonus
Although this card has a $75 annual fee, many users find it valuable for earning cash back. The Blue Cash Preferred American Express awards 6% cash back at U.S. supermarkets up to an annual cap of $6,000 and 3% cash back at gas stations and select U.S. department stores. You also earn unlimited 1% cash back on all other purchases. New cardholders can also earn a bonus of $150 after spending $1,000 in purchases in the first 3 months of opening the account.
Another card that awards gas purchases, as well as other everyday purchases, is the Costco Anywhere Visa, which has been revamped from the old American Express Version. You can earn 4% back on gas purchases, up to $7,000 per year, plus 3% back at restaurants and on travel purchases, 2% back on Costco purchases, and 1% back on all other purchases. There is no annual fee, but you do need to have a Costco membership, which is available for as little as $55 a year.
Gas Station Store Cards
There are also cards that can only be used at specific gas stations. These cards are often the types that are used to build or rebuild credit and are easier to get approved for if you have had credit problems in the past. If you have poor or o credit, you might want to consider cards like the Marathon credit card, 76 Gas card, and the Chevron and Texaco store credit card. Just make sure you have enough of the brand’s gas stations in your area to take advantage of the card.
When selecting any gas station credit card, you should consider the following before making a decision:
- How much you can earn when you use the card
- Limitations and caps on the rewards
- Annual fees and other fees to carry the card
- If it is for a particular brand, how many stations are in your area
- The APR, especially because interest rates can be higher with gas cards
- Whether you can avoid paying interest by paying you balance in full each month
- Your earnings if you use the card to fill up all vehicles in the home
- The benefits of choosing a store card versus a Visa or MasterCard
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