Many points are worth a penny each, but some are worth less than that. Some credit cards, and many gas-station-branded cards, offer a number of cents off per gallon instead of rewards based on dollars spent. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Benefits and Drawbacks: Add bonuses in gas and hotels to no annual fee, and you get a card that makes perfect sense for road trippers. As a result, offers described on this page may be out of date.
If you don’t have at least fair credit, you might want to consider a secured card so you can improve your credit score. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Some cards offer generous sign-up bonuses but are not the best for actual category bonuses.
As far as credentials go, WEX has been around since 1983 and is one of the largest corporate payment companies in the world. That’s why the best gasoline cards are likely the ones that not only give you extra rewards on gas station purchases, but reward you handsomely for other spending, too. This provides an effective 10% cash back rate on rotating categories for your first year and 2% on all other purchases. Cents-off rewards are better when gas prices are low. . This may influence which products we write about and where and how the product appears on a page. The. Figure out what your spending is and determine whether it fits under the card’s rewards cap. Website, Earn 60,000 Bonus Points after making $4,000 in purchases with your card within the first 3 months of account opening, 15.24% Variable APR on purchases and balance transfers, 14.49% - 24.99% Variable APR on purchases and balance transfers, 20,000 bonus points when you spend $1,000 in purchases in the first 3 months – a $200 cash redemption value, Blue Cash Preferred® Card from American Express, Wells Fargo Propel American Express® Card, Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®, Forbes adheres to strict editorial integrity standards. Points are worth 25% more when redeemed through Citi’s travel agency. Gas station credit cards are only accepted at the stations affiliated with the company that issues the card. If you would rather deal with a large corporate company directly, WEX may be the way to go for you. If you're an existing Costco member who spends heavily on gas, dining out and travel, this card is a great idea.
At $4 per gallon, the rewards rate is a dismal 1.5%. Warehouse clubs deserve a special mention because they offer huge rewards for gas spending. But you mostly can’t do that with gas. There’s no reason to pay an annual fee for a gas card unless it gives you something extra. Will your benefits offset the annual fees? Passing around the company credit card, handing out cash, or reimbursing drivers for fuel is a pain. Annual fees eat into your rewards. Other benefits or drawbacks: You have to have an active Costco membership to get this card. There aren’t many business credit cards that offer bonus points on gas station purchases. Not to mention there is no control unless to show up to the fuel station yourself and fuel every vehicle one by one. Read our review of the Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® to learn more. If home-improvement stores will soon be a category, you might delay a house project for a few weeks until the 5% category is active. For example, you might have to join a credit union to get a certain card, or you might have to pay the membership fee to a warehouse club to get its card. Some caps are per quarter; others are per year. Reward caps: Note whether your gas rewards are limited.
General assistance is available with a phone call or online chat, but some issuers are taking specific steps for individual cards. All other purchases earn 1% back. as your category card to get 5% cash back during the three months it’s active. Read our review of the Costco Anywhere Visa Card by Citi to learn more. It earns 3 points per dollar spent on gas plus a wide variety of other types of spending. My guidebook, Disney World Hacks, is a bestseller on Amazon. If you are looking for a credit card that gives you rewards on gas but is also accepted at other locations, you’ll likely need credit in the good to excellent range, which is defined as 670 or above. Get an unlimited dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically, Earn 50,000 American Airlines AAdvantage® bonus miles after spending $2,500 in purchases within the first 3 months of account opening. To see examples of how these tools work check out this article. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Business Oversight Finance Lenders License #60DBO-74812, We want to hear from you and encourage a lively discussion among our users. Redemption value: Just because a credit card offers triple points for gas doesn’t mean it’s a 3% rewards value. Cards branded with the gas station name tend to have, Annual fees bite into the value of your overall rewards. However, those weekly trips to the pump add up. Some cards have sign-up bonuses or great earnings rates, but when it comes to redeeming the points, they fall flat. If gas costs $3, that’s a good rewards rate of 3.3%. ***Cash back may be converted to more valuable points only when paired with a card that earns Ultimate Rewards points. Discover how ExxonMobil gas credit cards can help you save on gas, track fuel costs, and gain rewards. This card has one of the best available standard cash back rates of any credit card, especially considering it has no annual fee. Earn $250 Back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $250 back in the form of a statement credit. Many or all of the products featured here are from our partners who compensate us. Excellent Credit (750 - 850), On Chase's The Citi Double Cash Back Card is the best card for amassing cash rewards that you can set and forget: earn 1% when you charge something and 1% when you pay the bill. If you are looking for a gas card to be used at a specific station, a credit score in the fair range or above will likely qualify you. With warehouse cards, you have to be a member, which incurs an annual membership fee. , which returns 3% on gas spending all year. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Unlike other universal fuel cards, the Voyager fuel card which is a US Bank product, is sold and serviced through individual fuel card companies throughout the nation. Fuelman is owned by FleetCor which is the parent company to a lot of other smaller fuel card networks such as CFN, Comdata, and Pacific pride.
The average household spends nearly $2,000 a year on gas. The Citi Premier Card offers 3 ThankYou points per dollar spent on gas.
Getting 6 cents off per gallon sounds great — until you realize that’s just 60 cents off for a 10-gallon fill-up.
Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest. To earn cash back, pay at least the minimum due on time. For example, you can redeem rewards only in physical stores, and only once per year. Bonus Offer: Earn 80,000 Hilton Honors Bonus Points with the Hilton Honors American Express Card after you use your new Card to make $1,000 in eligible purchases within the first 3 months of Card Membership.
For a card with no annual fee, the Hilton Honors American Express Card offers a healthy 5 Hilton Honors points per dollar earnings rate on purchases at U.S. gas stations. If you are looking for a credit card that gives you rewards on gas but is also accepted at other locations, you’ll likely need credit in the good to excellent range, which is defined as 670 or above. If you know your options and ask the right questions, you can find the best fit for your spending habits and goals. Once you accumulate points for gas spending, what can you redeem them for? Our partners cannot pay us to guarantee favorable reviews of their products or services. Once you accumulate points for gas spending, what can you redeem them for? This compensation comes from two main sources. There’s no one best credit card for anything, including gas. Many points are worth a penny each, but some are worth less than that. 6% Cash Back on select U.S. streaming subscriptions. Use a quarterly category card when gas earns bonus rewards, and use a different card the rest of the year. Website, Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening, Excellent/Good (700 - 749), Earn 80,000 Hilton Honors Bonus Points with the Hilton Honors American Express Card after you use your new Card to make $1,000 in eligible purchases within the first 3 months of Card Membership, 15.99% - 23.99% Variable APR on purchases and balance transfers, Good/Excellent (700 - 749), On Citi's Secure Rewards: Earn 3 points per dollar spent on dining, gas stations, rideshares, transit, flights, hotels, homestays, car rentals and popular streaming services and 1 point per dollar spent on all other purchases. That could easily make the annual fee worth paying. Greg Karp is a personal finance expert at NerdWallet. All ratings are determined solely by our editorial team. An alternative to the Discover It card is the Chase Freedom® credit card*. Our fuel ... † New accounts only.
» MORE: NerdWallet’s best gas credit cards, The best gasoline cards are likely the ones that not only give you extra rewards on gas station purchases, but reward you handsomely for other spending, too.
Read our review of the Wells Fargo Propel American Express Card to learn more. However, some cards specify their gas rewards are for pay-at-the-pump purchases only. But universal fuel cards are much more than credit cards for fuel only, they also provide fuel controls, purchase alerts, fleet reporting which helps companies track and control every fuel purchase from start to finish. as a credit score of 580 to 669. My passion is helping families travel more while maintaining their savings and sanity. For example, you might have to join a credit union to get a certain card, or you might have to pay the membership fee to a warehouse club to get its card. Two examples of good quarterly category cards that usually feature gas are the. Membership requirements: Some credit cards require memberships that can cost you in dollars or hassle to join.