It makes sense to earn rewards and discounts on the purchases you’re already making, so why not take advantage of the money you spend filling up your gas tank? The cost of gasoline is always fluctuating, so a card that offers savings at the pump and possibly a little something in return makes sense — especially if you’re a commuter.
GOBankingRates identified 10 of the best credit cards for gas rewards that offer extra cash back and points for purchases made at the pump. Keep reading to learn about the best gas cards, and how using one can help make a difference in what you ultimately pay for fuel.
|Best Gas Cards for Saving Money|
|Gas Credit Card||Best For||Intro Offer||APR||Rewards for Gas Card Purchases|
|PenFed Platinum Rewards Visa Signature||Military members||$100 statement credit when you spend $1,500 in first 90 days; 0% promo APR on balance transfers for 12 months||11.49% to 17.99%||5x points on gas purchases|
|Discover it Chrome Gas & Restaurants||Cash back on gas with no annual fee and no rotating categories||0% intro APR for 14 months||13.74% to 24.74%||2% cash back at gas stations and restaurants on up to $1,000 in combined spending each quarter|
|Bank of America Cash Rewards||Cash back on gas with no annual fee and no rotating categories||$200 cash rewards bonus after making at least $500 in purchases in the first 90 days of account opening; 0% intro APR for first year||14.99% to 24.99%||3% cash back for gas and 2% for grocery stores and wholesale clubs for first combined $2,500 in spending each quarter|
|Discover it Cash Back||High percent of cash back on gas with no annual fee||0% intro APR for 14 months||13.74% to 24.74%||5% cash back in rotating categories, including gas, each quarter|
|Chase Ink Business Cash||Business purchases||$500 bonus cash back after you spend $3,000 on purchases in the first 3 months after account opening; 0% intro APR for the first 12 months||14.99% to 20.99%||2% cash back on first $25,000 in combined purchases at gas stations and restaurants each year|
|Discover it Chrome for Students||Students||0% intro APR for 6 months||14.74% to 23.74%||2% cash back on combined gas and restaurant purchases on up to $1,000 in combined spending each quarter|
|American Express Blue Cash Preferred||Cash back on gas with no limits||Earn $200 back after you spend $1,000 in purchases in your first 3 months of card membership; 0% intro APR for 12 months||14.74% to 25.74%||3% cash back for purchases at U.S. gas stations|
|Citi Costco Anywhere Visa||Costco members||N/A||16.99%||4% cash back on eligible gas purchases worldwide|
|Wells Fargo Propel American Express||Cash back on gas with no limits and no annual fee||30,000 bonus points when you spend $3,000 in purchases in the first 3 months; 0% intro APR for 12 months||14.24% to 26.74%||3x points on gas purchases|
|BP Visa||BP users||Earn a bonus of 50 cents off per gallon, plus 25 cents off per gallon for every $100 you spend in the first 90 days your account is open||28.74%||5 to 25 cents off per gallon at BP Stations with qualifying purchases|
|Rates depend on creditworthiness and are accurate as of Sept. 18, 2018.|
10 Best Gas Cards
Each card has a different way of rewarding you or giving you cash back, so examine all the details before making a decision. Here are the 10 best gas credit cards available:
In addition to five times the points on gas, PenFed’s Visa-branded credit card will allow you to earn triple rewards points for grocery purchases, as well as standard points for other purchases. You can cash in your rewards for gift cards, travel or shopping. There are no annual fees or foreign transaction fees with this card, but you do need to be a PenFed Credit Union member to apply.
Discover offers this gas rewards card that pays you back for buying fuel and eating out. Use this cash rewards credit card and get 2 percent cash back on up to $1,000 in combined gas and restaurant purchases each quarter, and Discover will automatically match all cash back at the end of the first year for new cardholders. Cash back never expires, and rewards can be redeemed in any amount, at any time.
Related: Best Balance-Transfer Credit Cards
Earn a $200 online cash rewards bonus if you make at least $500 worth of purchases within the first 90 days of your account opening, plus get cash back on gas up to the first $2,500 in combined gas, grocery or wholesale club purchases each quarter. You can earn additional credit card rewards of 1 percent cash back after you have reached the $2,500 limit in combined purchases.
Discover it allows you to earn money — even if gas prices are high — with the 5 percent back option. Although the 5 percent category does rotate each quarter between gas, restaurant, wholesale club and Amazon purchases, you can still earn 1 percent back on other purchases. As with the Discover it Chrome card, Discover will automatically match all cash back at the end of the first year for new cardholders. Cash back never expires, and rewards can be redeemed in any amount, at any time. The secured version of the Discover it card is one of the best gas credit cards for bad credit, according to BadCredit.org.
Business professionals can earn 2 percent back at the pump and when eating out. In addition to the cash back on gas and restaurant purchases, you can earn 5 percent back on business purchases at office supply stores and on internet, cable and phone services, limited to $25,000 each account anniversary year, as well as 1 percent cash back on all other purchases. There’s no annual fee to be a cardholder.
The Discover it Chrome for Students is a great option for college students to use at the pump with 2 percent cash back on up to $1,000 in combined gas and restaurant purchases per quarter. Earn 1 percent cash back on other purchases, and get an extra $20 in rewards each year when you maintain a GPA of 3.0 or higher. Plus, you’ll get an unlimited dollar-for-dollar match on rewards earned the first year. There’s no annual fee to use this card.
Check Out: Best Student Savings Accounts
The Blue Cash Preferred card from American Express might be a better option than most gas station credit cards. In addition to the 3 percent cash back at gas stations, you can earn up to 6 percent back on grocery purchases up to $6,000, and 1 percent back on other purchases. Note that there is a $95 annual fee with this card, but you can earn $200 back in the first three months of card membership if you spend $1,000.
The Costco Anywhere Visa offers more flexibility than many gas credit cards. In addition to the 4 percent cash back on gas worldwide, you can earn 3 percent cash back on restaurant and travel purchases, 2 percent cash back on online and in-store Costco purchases and 1 percent cash back on all other purchases. The 4 percent cash back on gas purchases is available for the first $7,000 per year and then drops to 1 percent thereafter. There’s no annual fee if you have a paid Costco membership.
The Wells Fargo Propel American Express card allows you to earn triple points at gas stations, as well as on eating out and ordering in, ride-shares, transit, flights, hotels, homestays, car rentals and popular streaming services. Additionally, you’ll earn one point per dollar on all other purchases. There’s no annual fee and no foreign currency conversion fees with this AmEx card. Plus, there’s no limit to the points you can earn and no blackout dates when you redeem points for air travel. It also comes with cellphone protection.
The BP Visa is the best gas station credit card for a specific gas station because it allows you to redeem rewards on all purchases at a BP gas pump. For every $100 you spend at BP gas stations, you’ll get 25 cents off per gallon for the first 90 days upon opening the account, for up to 20 gallons. You’ll also get 15 cents off per gallon for every $100 spent on groceries, dining and travel, and five cents off for each $100 spent on other purchases. You can begin earning rewards 90 days after you open the credit card.
Take a look at your spending habits to find the best rewards credit card for you.
More on Rewards Credit Cards
- The Top 10 Most Exclusive Black Cards You Don’t Know About
- How to Travel the World for Practically Free
- 7 Best Ways to Use Credit Card Rewards Points
Gabrielle Olya contributed to the reporting for this article.
GOBankingRates.com identified the best gas credit cards by analyzing purchase APRs, rewards and offers. All fees and rates are subject to change at the credit card issuers’ discretion, and some bonus offers might no longer be available on the credit card issuers’ websites, depending on how you access the web page.
GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc., an online marketing company serving top-tier banks, credit unions, and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by the companies included in the article.
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