[Disclosure: Cards from our partners are reviewed below.]
The average American spent $2,090 on gas in 2015 (the most recent data available from the U.S. Bureau of Labor Statistics), but many of us aren’t making the most of the money that we have to spend to get to work, drop the kids at school and take fun summer road trips. Your gas spending can come with benefits. Some gas credit cards will reward you for the money you’re inevitably going to spend at the pump.
How to Get a Gas Credit Card in 2017
Before you sign up for a gas credit card, you should know your options. There isn’t one type of gas rewards credit card — there are actually a few different kinds of credit cards you can use to earn rewards or discounts for your fuel spending.
A handful of gas credit cards are offered by major American gas station chains (Shell, Valero, BP, Chevron, Texaco, etc.) that can be a good option if you’re loyal to a particular brand. These cards generally offer some sort of fuel points or discount that can be significantly higher than a standard rewards credit card. However, some of the station-branded cards can’t be used for purchases at other retailers and because you’re trying to rack up rewards at one chain, you may not be shopping around for the best gas price overall.
You can also get a rewards credit card that offers good gas rewards in addition to rewards for other purchases. With rewards cards, you obviously want to pick a card that has a high cash-back offer for gas purchases specifically. Be on the lookout for which kinds of stations can earn you rewards. Many grocery store chains and big-box retailers like Costco have begun offering gas at a discount to their customers, and gas rewards credit cards generally limit their rewards to “standalone” stations that don’t include these retailer-tied spots. If you only fill up at non-standalone stations, these cards may not be a fit for you. Rewards cards also often require good credit scores to qualify. (You can see where your credit scores stand for free on Credit.com.)
Now that you have the lay of the land, here are some of the best gas credit cards on the market right now. These cards were picked by the Credit.com editorial team for their high rewards and best overall terms.
The Best Gas Credit Cards
Why We Picked It: Costco already offers a very competitive gas price to members, often several cents less per gallon than a standalone gas station, which makes it a great deal for consumers. Plus, the 4% cash back on gas purchases makes this a pretty sweet deal if you’re filling up often and you can use those rewards for other purchases — not just on gas. (Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.)
Rewards Details: The Costco Anywhere Visa Card offers 4% cash back on gas purchases at other eligible gas providers (supermarkets are excluded, for example), which means you can fill up at a standalone gas station and still earn rewards with this card. That 4% back is limited to the first $7,000 spent each year, then goes down to 1% after that. You also earn 3% back on restaurants and eligible travel purchases, 2% back on Costco and Costco.com purchases and 1% back on all other spending made with the card.
Annual Fee: $0 annual fee with your paid Costco membership. (Costco membership fees range depending on type, starting at $60 a year.)
APR: 0%* for 7 months on purchases*, then 16.24%* (Variable)
Why We Picked It: You get points on every purchase that you can redeem for cash back, travel, gift cards, and merchandise. This card also offers up to $600 protection ($25 deductible) on your cell phone when you pay your phone bill with the card. Also, if you have an account with Wells Fargo, then you’ll get an annual 10% relationship bonus on non-bonus rewards points.
Rewards Details: The Wells Fargo Propel American Express® Card offers three times the points at U.S. gas stations. Not only that, you also get two times the points at U.S. restaurants and one time the points for all other purchases. There’s also a sweet sign up bonus that earns you 20,000 bonus points when you spend $1,000 within the first three months.
Annual Fee: $0
APR: 0% intro for 12 months. 13.99% - 25.99% (Variable) APR after the introductory period ends.
Why We Picked It: You can earn points on every purchase and redeem them for a variety of rewards-cash back, gift cards, and merchandise. American Express is also expanding-more merchants are beginning to accept American Express, giving you, the cardholder, more purchasing power.
Rewards Details: The Blue Case Preferred® offers you 3% cash back on U.S. gas purchases and select U.S. department stores. You also get 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and 1% back on all other purchases. Usually, credit cards don’t offer this much in rewards. There’s also a sign-up bonus-earn a $200 statement credit after you spend $1,000 in purchases on the card within the first three months of opening the account.
Annual Fee: $95
APR: 0% for 12 months on purchases and balance transfers, then 13.99%-24.99% Variable.
At publishing time, the Costco Anywhere Visa Card by Citi, the Wells Fargo Propel American Express® Card, and the Blue Cash Preferred® from American Express cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for these cards. However, this relationship does not result in any preferential editorial treatment.
Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.
This article last updated on September 28th, 2017.