Gas credit cards allow you to get cash back for gas station purchases. There are two types: co-branded credit card cards that are specific for a particular chain of gas stations, and general credit cards from banks or credit unions that offer higher cash back rates for gas station purchases.
Three things are common to the best gas credit cards: they can be used at gas stations that you frequent, they offer high cash back on gas purchases, as well as a low fee. Want to find out more? Below is a quick overview of the top gas credit cards.
Best gas credit cards
- Get gas and a welcome bonus with the Blue Cash Prefer(r) Card of American Express
- No annual fee
- Welcome Bonus: Cash Every day(r), Card from American Express
- Costco shoppers: Costco Anywhere Visa(r), Card by Citi
- Bank of America (r) Customized Cash Rewards Credit card for Students
- Students: Discover it(r) Student chrome
- Building credit: Learn it(r) Secured credit card
- U.S. Sign-up Bonus and 0% Intro APR Bank Altitude(r) Go Visa Signature(r) Card
What is a gas card?
Gas credit cards allow you to fuel up your car and earn rewards. A regular rewards card is the most popular type of gas credit card. This card offers additional points or cash back for gas purchases. A co-branded gas credit card is another type. These cards are usually partnerships between banks, and gas station companies, and include ExxonMobil(TM), Smart Card (issued Citi), and the Texaco Techron Credit Card (issued Synchrony). These types of rewards credit cards are offered by most major gas station franchises.
What should I look out for in a gas credit line?
What you need to look for:
- You can use it at gas stations that you frequent. Other gas station brands may issue gas credit cards, such as Sinclair or Shell. These credit cards for gas cannot be used at other stations than those owned by the issuer. You should only sign up for cards that you are able to use.
- Provides high cash back for gas purchases
- There are no fees. A card with an annual fee of $95 will earn you $63. It costs $32. It costs $32. You should also consider a card that does not charge foreign transaction fees if you plan to drive abroad.
Is it a good idea to have a gas credit card?
Gas credit cards can be a great idea if you have a large gas budget and are willing to use an additional credit card for gas purchases. You can do the math and calculate how much cash you could earn with a gas credit card. Then, decide if it is worth the hassle.
Let's take, for example, a rewards card that offers 2% cashback on all purchases. Gas costs you around $100 each month. Imagine that you found a gas credit card that offers 4% cash back on gas purchases. This means that you would earn an additional $24 annually if you used the credit card to purchase gas. Is this worth the effort? Only you can decide.