Are you getting enough reward on your gas purchases? The 9 best gas credit cards in this article can help you save a lot while filling up your vehicle at the pump.
There are two basic types of gas credit cards: Co-branded credit cards affiliated with a gas station and Rewards credit cards that pay higher rewards on gas purchases. While Co-branded credit cards have to be used basically for gas, Rewards credit cards can be used to earn rewards from various categories. Check out the 9 best gas credit cards below.
01 Best Overall: Blue Cash Preferred American Express | Best Gas Credit Cards
Get three percent cash rewards on purchases at U.S. gas stations using Blue Cash Preferred from American Express. There’s no cap on the rewards you can earn on gas purchases. The three percent rate also applies to purchases at select department stores. In addition to earning three percent on gas purchases, you’ll also earn six percent at U.S. supermarkets on up to $6,000 per year in purchases and one percent cash back on everything else.
Spend $1,000 on purchases within the first three months of opening your account and you can earn a $200 bonus statement credit. Enjoy zero percent introductory APR on purchases and balance transfers for the first 12 months.
Important Pricing: The regular APR after the promotional period ends is 15.24 to 26.24 percent. There’s a $95 annual fee.
02 Best Overall Co-Branded Gas Credit Card: Techron Advantage Visa Card | Best Gas Credit Cards of 2019
Receive 10 cents per gallon on fuel credits when you spend $300 on non-fuel purchases each month. With the Techron Advantage Visa Card, the more you spend, the more you save. The savings increases to 20 cents per gallon if you spend $1,000 on non-fuel purchases each month. On top of that, you’ll receive three cents per gallon on every fill-up at Chevron and Texaco gas stations.
Important Pricing: The regular APR is 28.99 percent. There’s no annual fee.
03 Best Sign-Up Bonus: BankAmericard Cash Rewards Credit Card | Best Gas Credit Cards of 2019
The BankAmericard Cash Rewards credit card pays three percent on gas purchases and two percent back on groceries and wholesale clubs. The higher rewards rate applies to the first $2,500 in combined gas, grocery, and wholesale club purchases each quarter. You can max out your gas rewards by using the card exclusively for gas purchases. All other purchases earn one percent cash back.
Earn a $200 sign-up bonus if you spend $500 in the first three months of opening your account. You can earn up to 25 percent bonus on your rewards if you have a checking, savings, or investment account with Bank of America or Merrill Lynch.
You’ll also enjoy a zero percent introductory APR for the first 12 billing cycles on both purchases and balance transfers. Balance transfers must be made in the first 60 days to qualify for the promotional rate.
Important Pricing: The regular APR after the promotional period ends is 15.24 to 25.24 percent. There’s no annual fee.
04 Highest Gas Rewards: PenFed Platinum Rewards Signature Card | Best Gas Credit Cards of 2019
The PenFed Platinum Rewards Visa Signature Card pays the highest gas rewards of any credit card on the list. You’ll earn five points for every dollar you spend on gas purchases, plus three points for every dollar you spend on groceries and one point per dollar on all other purchases. Enrollment in the rewards program is automatic.
Get a $100 statement credit when you spend $1,500 on purchases in the first 90 days of opening your account. Enjoy zero percent introductory APR on balance transfers for the first 12 months after opening your account. To qualify, you must transfer the balance by September 30, 2018.
Important Pricing: The regular APR after the promotional period ends 11.74 to 17.99 percent. There’s an annual fee, cash advance fee, or foreign transaction fee.
05 Best for Business: Chase Ink Business Cash | Best Gas Credit Cards of 2019
Business owners earn two percent cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each anniversary year. Plus, earn five percent cash back on the first $25,000 spent on office supply stores, plus Internet, cable, and phone services; and unlimited one percent cash back on all other purchases.
New cardholders can earn $500 bonus cash back after spending $3,000 on purchases in the first three months after opening an account. Rewards are worth 25 percent more when you redeem them for cash back, gift cards, travel, and more through Chase Ultimate Rewards.
Enjoy zero percent introductory APR on purchases and balance transfers for the first 12 months.
Important Pricing: The regular APR after the promotional period ends is 15.24 to 21.24 percent. There is no annual fee.
06 Best for Warehouse Gas: Costco Anywhere Visa
The Costco Anywhere Visa offers four percent cash back on the first $7,000 in eligible gas purchases worldwide each year. You’ll also earn three percent on restaurant and eligible travel purchases worldwide; two percent on all other purchases from Costco and Costco.com; and one percent on everything else. Annual gas purchases over $7,000 earn one percent back.
The CostoCo Anywhere Visa can be used at Costco and anywhere Visa is accepted. Your cashback rewards accumulate throughout the year, and you’ll receive an annual reward certificate after your February billing statement closes with all the rewards you’ve racked up riding the year. You can redeem your rewards statement in Costco for cash or merchandise.
Important Pricing: The regular APR on purchases and balance transfers is 17.49 percent. There’s no annual fee, but you must have a paid Costco Membership.
07 Best for Instant Savings: Sunoco Rewards Credit Card
The Sunoco Rewards Credit Card offers five cents off every gallon of gas you purchase from Sunoco gas stations with no limits or restrictions on the number of discounted gallons you can buy. Many other gas credit cards apply the discount as a statement credit to your account. The Sunoco Rewards Credit Card applies the discount automatically right at the pump, allowing you to see your savings right away. You can add additional family cards to your account at no additional cost.
Important Pricing: The regular APR is 27.24 percent. There is no annual fee.
08 Biggest Discount: BP Visa
Also, with BP Visa, earn 25 cents off each gallon for every $100 you spend on purchases everywhere except non-BP gas stations for the first 90 days. After the first 90 days, you’ll continue to earn 25 cents off per gallon for every $100 you spend at BP, plus 15 cents off each gallon for every $100 you spend on eligible groceries, dining, and travel purchases; and five cents off for every $100 you spend everywhere else Visa is accepted, except non-BP gas stations.
You can redeem your rewards right at the pump for a reduced price per gallon on up to 20 gallons or apply rewards as a statement credit to your account.
Important Pricing: The regular APR is 28.99 percent. There is no annual fee.
09 Best Flat Rate Discount: ExxonMobil Smart Card
Lastly, save 12 cents off every gallon of Synergy fuel for the first two months after opening your account with ExxonMobil Smart Card. After that, you’ll get six cents off every gallon purchased at Exxon and Mobil gas stations with no limits on the amount you can save. You’ll receive the savings automatically as a statement credit to your account in the same billing cycle that the purchase is posted to your account. You’ll have to be sure to keep your account open to earn the credits.
Important Pricing: The regular APR is 27.24 percent. There is no annual fee.