Best Gas Credit Cards

All information about the Wells Fargo Propel American Express® credit card and Wells Fargo Cash Wise Visa® credit card have been collected independently by hfyhpf120.com and has not been reviewed by the issuer.

Comparing Credit Cards for Gas and Auto Rewards

Gas credit cards provide special rewards like cash back, points, and rebates for purchasing gas. If you’re interested in a gas credit card, note that there are several types, each with a unique set of benefits and conditions. Beyond saving money at the pump, the best gas credit cards can help you build credit, lower your grocery bill, and start collecting valuable points you can use toward other things like travel rewards.

In this guide to gas credit cards, you’ll learn:

• Best gas station credit cards of 2021
• Compare the best gas credit offers
• Methodology
• How do gas credit cards work?
• How much can you save with a gas credit card?
• How to compare gas cards
• Frequently asked questions?

With many different types of gas cards, you’re in a position to find a card tailored to your needs. Whether you’re a small business owner who does a lot of local traveling, a commuter student or a brand-loyal consumer looking for a gas credit card, there’s an option for you. Read on before making a decision!

Best Gas Credit Cards

Blue Cash Preferred® Card from American Express

Why it’s the best gas credit card for family spending

The Blue Cash Preferred Card is one of the most lucrative cards on the market due to its exceptional cash back program. With so many high-earning spending categories, it makes the daily grocery runs, the gas station visits and even the family binge-watching sessions that much more rewarding.

Pros

The Blue Cash Preferred offers a competitive 3% cash back at U.S. gas stations and transit; a $250 welcome bonus after $1,000 spent within the first 3 months; and 6% back at U.S. supermarkets (up to $6,000 a year, then 1%). No other card offers as high of earnings at U.S. supermarkets, and the earnings on U.S. gas stations are more than competitive.

Cons

This card’s annual fee is hefty at $95.

Bank of America® Cash Rewards credit card

Why it’s the best gas credit card for cash signup bonus

This card’s signup bonus rewards you for the purchases you’re making everyday –like gas. You’ll earn a $200 online cash reward after spending at $1,000 in purchases in the first 90 days of opening your account.

Pros

By default, this card’s 3% cash back category is gas when you receive the product, but you can change it once a month to any one of 6 categories that include travel, dining, and online shopping, for example. In addition to the 3% offer, this card rewards you with 2% back on grocery store and wholesale club purchases for a combined $2,500 each quarter, then 1%. The Bank of America Cash Rewards’ everyday rewards have oomph, and the no annual fee helps things along.

Cons

Gas and travel are considered two separate categories, so you can’t earn 3% cash back on both at the same time.

Wells Fargo Propel American Express® card

Why it’s the best gas credit card for travel rewards

Due to the 3X point bonus, this card could really bring value to your future travel purchases. Plus, you’ll gain access to a plethora of travel benefits like travel and emergency assistance services.

Pros

Looking for a card that rewards for all manner of travel? Earn 3X points at gas stations, rideshares and transit; eating out and ordering in; and travel, including flights, hotels, 数字货币交易软件_数字货币手机app下载homestays and car rentals. This is a great choice, with rewards in not only flights and hotels, but also 数字货币交易软件_数字货币手机app下载homestays and rideshares. You can also earn 20,000 points after a $1,000 spend within the first 3 months of card membership.

Cons

If you’re looking for rewards on groceries, look for a different card, such as the Bank of America Cash Rewards or the Blue Cash Preferred.

Discover it® Student chrome

Why it’s the best gas credit card for students

It can be difficult to find a student credit card that offers a rewards structure as high as this card. Featuring cash back incentives and features that can help you stay on track financially, this student card is a hard one to beat.

Pros

Designed with students in mind, this card offers 2% back at gas stations and restaurants on up to $1,000 in combined purchases per quarter (then 1%). On all other purchases, you get unlimited 1% cash back. There’s no annual fee, and you get rewards for good grades in the form of a $20 statement credit for each school year your GPA is 3.0 or higher for up to the next 5 years. Also, consumers with no credit history are accepted.

Cons

While ideal for a consumer just starting out, this is a card you will outgrow rather quickly.

Citi Rewards+^SM Card

Why it’s the best gas credit card for bonus points

The Citi Rewards Card offers a unique rewards rate that makes it easy to rack in those bonus points. With the Citi ThankYou points rate, even the smallest everyday purchases, like a cup of coffee or a tank of gas have the potential to be very rewarding.

Pros

There are myriad ways to earn with this card. Not only do you get 2X points at gas stations and supermarkets (up to 6,000 each year, 1X thereafter), but the sign-up bonus you’ll get is top-notch. You’ll earn a 15,000 point sign-up bonus after a 1,000 spend in the first 3 months. Plus, your rewards are always rounded up to the nearest 10 points and you can earn 10% back on redemptions up to 100,000 points annually.

Cons

There are a couple of fees that might scare you away: The balance transfer fee is 3% or $5, whichever is greater, and there is a foreign transaction fee of 3%.

Discover it® Secured

Why it’s the best gas credit card for limited credit history

It can be a challenge to find a secured credit card that offers a high rewards structure and generous benefits. The Discover it Secured card gives you tools that can help you stay on track financially, all the while maximizing your savings.

Pros

Earn 2% back at gas stations and restaurants (up to $1,000 in combined purchases quarterly, then 1%), plus your cash back is matched at the end of your first year of card membership. That means if you spend $200 a month on gas and dining out, that comes to $48 for the year, plus another $48 at year-end.

Cons

If you think you might be tempted to overspend with this starter card because of the rewards, this may not be the best choice for you.

Capital One QuicksilverOne Cash Rewards Credit Card

Why it’s the best gas credit card for flat-rate rewards

This card could be an ideal option if you don’t prefer to keep track of rotating categories and would rather earn a flat-rate cash back on all purchases.

Pros

Although there is no sign-up bonus, you can earn 1.5% back on all purchases, including your gas and gas station purchases. Also, the QuicksilverOne typically accepts consumers with fair credit, which is handy if you are trying to improve your credit, and you also want to practice using rewards.

Cons

This cash back card has the unusual feature of an annual fee ($39), which lowers your overall rewards. That means to benefit from the 1.5% back, you’ll need to spend at least $2,700 each year to break even.

Wells Fargo Cash Wise Visa® card

Why it’s the best gas credit card for cell phone protection

Aside from being an effective, simple and straightforward cash back card, you’ll also benefit from added features, like up to $600 in cell phone protection plan offering up to $600 against covered damage or theft when you pay your monthly cell phone bill with the card (subject to $25 deductible).

Pros

The Wells Fargo Cash Wise offers simplicity without sacrificing rewards. This card offers a flat rewards rate of 1.5% (including gas purchases), and upon receiving, cardholders are eligible for a $150 sign-up bonus for $500 worth of spend within the first 3 months. Plus, the Wells Fargo Cash Wise Visa is all kinds of fun with an impressive 1.8% for qualified digital wallet purchases made within the first year. There’s also no annual fee.

Cons

You can do better on rewards if you are willing to sign up for rotating categories, such as with the Chase Freedom Flex℠ or the Discover it Cash Back.

Discover it® chrome

Why it’s the best gas credit card for no annual fee

Ideal for the cardholder with good to excellent credit, this card offers a decent rewards rate. Also, the added bonus of no annual fee means you won’t have to worry about that fee cutting into your cash back earnings.

Pros

The Discover it chrome gives you all the benefits of the Discover it Secured – 2% cash back at gas stations and restaurants (up to $1,000 in combined purchases quarterly, then 1%) – but without the need for a security deposit on your line of credit. This card also gives you the opportunity for a lower ongoing interest rate (11.99% – 22.99% variable).

Cons

Like many Discover cards, this card offers a Cashback Match at the end of the first year in lieu of a traditional sign-up bonus. Consider another card if you want gas rewards and a sign-up bonus.

Costco Anywhere Visa® Card by Citi

Why it’s the best gas credit card for gas stations

As one of the most gratifying gas credit cards, the Costco Anywhere Visa can help you get that extra cash back in the bank through everyday purchases, like gas.

Pros

This may just be your best shot at finding a gas card most worthy of your wallet – earn 4% cash back on eligible gas purchases (that’s for the first $7,000, then it’s 1% back after that). There are other great rewards, including 3% back at restaurants and eligible travel purchases, as well as a solid 2% back for Costco purchases.

Cons

There’s no annual bonus, as well as no sign-up bonus, and you’ll need to pay the $60 annual Costco membership fee to avoid an annual fee with this card.

Compare the Best Gas Credit Cards of 2021

Research methodology: How we chose the best gas credit cards

Our team of experts have sifted through hundreds of gas rewards cards to help you maximize your potential earnings on everyday purchases. For a list of detailed criteria and more detail on our review scores, see our ratings process for gas credit cards.

Number of Gas rewards credit card analyzed: 390

Criteria used: Rewards rate, supplemental rewards categories, integration with loyalty programs, redemption options, redemption flexibility, sign-up bonus, other benefits, customer service, credit needed, rates and fees, ease of application.

How do gas credit cards work?

Gas credit cards offer special rewards for purchases on gas; they can be categorized as either rewards cards or rebate cards. The best gas rewards cards offer cash back (usually 1-3%) or points on gas, as well as on purchases in other categories. Gas rebate cards offer cents off for every gallon of gas purchased.
Gas cards fall into one of three buckets:

1. General cash back cards with rewards on gas purchases.
2. Gas rebate cards that are co-branded with a retailer like BP and networks like Visa or Mastercard.
3. Gas rebate cards that are specific to one retailer like Shell or Chevron and not within a network.

The key to maximizing your savings is to find the card that most closely aligns with your spending habits. As a rule of thumb, gas rebate cards are best for people who are brand-loyal. If you buy gas at many different retailers, a gas rewards card is usually the better choice.

Purchasing gas with general rewards cards

Most cash back and rewards credit cards offer incentives for spending on gas, but also offer rewards on other types of purchases. For this reason, top cashback cards like the Get Upside app, which is available in Texas and parts of the East Coast, and even save further with each gallon, as well as discounts at restaurants you stop at.

How to compare and choose between two gas cards

When you’re choosing between 2 gas credit cards, there are intro bonuses, ongoing rewards and annual fees to consider. Here, we compare a gas rewards card with a gas rebate card, the Blue Cash Preferred and the BP Credit Card.

1. The price of gas

Heads up that gas rebate cards offer cents off per gallon, which can result in bigger savings when the cost of gas is low. On the other hand, when gas prices are high, a gas rewards card that offers a percentage cash back may be better. If the average cost of gas hovers around $2.20 for the rest of the year, using the BP Credit Card (5 cents off per gallon) to purchase 15 gallons of gas results in a savings of 75 cents. Using the Blue Cash Preferred Card from American Express (3% cash back at U.S. gas stations) to purchase the same amount of gas results in a savings of 99 cents.

2. Annual fee

Often, but not always, annual fees can be a signal of superior rewards. Keep in mind that extra fees eat into your rewards, so you must normally spend enough to justify them if your potential card carries fees. In the case of the Blue Cash Preferred, there’s a $95 annual fee in exchange for a welcome bonus and ongoing rewards. Meanwhile, the BP Credit Card doesn’t charge an annual fee.

3. Intro bonus

While the BP card has no sign-up bonus, it has a boosted rewards offer of 25 cents on every gallon for the first 30 days and another 5 cents on every gallon ongoing when you pay through the BPme app. Meanwhile, the Blue Cash Preferred offers a $250 welcome bonus after the first $1,000 spent in the first 3 months of card membership.

Intro bonus comparison: Blue Cash Preferred vs. BP Credit Card

4. Ongoing rewards

While the BP card rewards for fuel (5 cents on each gallon) and non-fuel gas station purchases (1% cash back at BP and Amoco), the Blue Cash Preferred rewards for much more, including 6% back at U.S. supermarkets (up to $6,000 a year, then 1%) and 3% back at U.S. gas stations and transit. As you can see, the rewards add up with the Blue Cash Preferred.

Ongoing rewards comparison: Blue Cash Preferred vs. BP Credit Card

5. Check the interest rate

The average APR on a gas credit card is very high, 23.61%, per the 2018 hfyhpf120.com gas card survey. Most gas cards don’t offer a 0% introductory APR either, so if you’re planning on using one, pay off your balance every month to avoid paying interest.

6. Put it all together

As you will see, the Blue Cash Preferred, even with its annual fee, offers excellent rewards the first year compared to the BP card. Even after the first year, the Blue Cash Preferred comes out ahead compared to the BP Card. In fact, we found that general-purpose gas rewards cards time and again have greater value.

Comparing Blue Cash Preferred vs. BP Credit Card

Frequently asked questions?

What credit score is needed for a gas card?

Whether a gas rewards credit card requires fair credit or good credit varies. For example, a card that demands brand loyalty may accept fair credit, while a general-purpose cash back card that rewards for a number of categories (including gas) may require good or even excellent credit. .
Here are some credit ranges for different types of gas rewards cards, with examples:

• General-purpose cards: good to excellent credit (670+ FICO score). Example: Blue Cash Preferred® Card from American Express
• Co-branded cards: fair credit and above (580+ FICO score). Example: BP Visa® Credit Card
• Private-label cards: limited credit to fair credit and above (580+ FICO score). Example: BP Credit Card
• Secured cards: No credit history needed. Example: Discover it® Secured

What is the best gas card for a small business?

Narrowing down which commercial card is the best fit for your small business boils down to how many vehicles you have on the road and how substantial your transportation needs are. If your business isn’t heavily transportation-based or you just travel often for work, a Visa Supplier Locator shows us that Harris Teeter (MCC 5411) is categorized as a “grocery store/supermarket/bakery” and can earn grocery cash back. However, the same store’s gas station is still listed as “Harris Teeter” but under MCC 5542: gas stations/fuel/supplies.

If you frequently shop at a specific grocery store and buy gas there, a card with gas and grocery rewards like the Blue Cash Preferred® Card from American Express or a store card like the Costco Anywhere Visa® Card by Citi would be a prime choice.