Compare The Best Gas Credit Cards
One smart way to manage fluctuating gas prices and to get the most value from your fuel budget is with smart use of gasoline rewards credit cards. Selecting just the right gas credit card can make fueling your car simple, easy and stress-free. Gas credit cards can also help you get the best deals and the most value for your dollar in other areas of your life because, as a cardholder you will earn back a percentage of the money you pay for gas.
In this article, we will review some of the best gas credit cards and give information on selecting a card that will help suit your needs.
Chase BP Visa Gas Cards From Synchrony Bank
- Visa With Driver Rewards
- Signature Visa With Driver Rewards
- BP Card With Driver Rewards
The first two are actual Visa credit cards that you can use anywhere. The third is a BP gas card to only be used at BP stations. For the two Visa cards, the rewards are as follows:
- If you spend $100 on gas, you get $25 off every gallon up to 20 gallons. This adds up to five dollars off a 20 gallon fill up.
- If you spend $100 on travel, dining or groceries your reward will be $.15 off your next 20 gallon fill up. That adds up to $3 off a 20 gallon fill up.
- If you spend $100 anywhere else other than at a BP station, you’ll get five cents off a gallon with a limit of 20 gallons. This adds up to a dollar off 20 gallons.
With the BP gasoline only credit card, you get $.10 off a gallon for every $100 worth of gas you buy. This means you get two dollars off when you purchase 20 gallons.
It’s worth noting that you need to use your rewards quickly because they expire within a year’s time and that your rewards are subject to a 20 gallon maximum which must be taken in a single fill up. You can choose to use your rewards or not when you swipe your card at the gas pump. Be sure to watch for that option!
There is no annual fee for these cards. The annual percentage rate is 20.24% and may vary with the prime rate.
Mobil Gas Card – ExxonMobil Preferred Smart Card
- $0.06/Gallon Reward
- Annual Fee $29
- Annual Interest Rate 24.99%
This card provides for $.06 a gallon rewards on fuel purchases from Exxon/Mobil. You are required to purchase a minimum of 45 gallons a month, but no more than 100 gallons to get this rebate, which is credited directly into your account. You also get generous rewards for hotel stays and airline travel.
The annual fee is $29. The annual percentage rate is 24.99%.
The main appeal of the Mobil gas credit card is card the travel rewards and services of Exxon Mobil preferred travel agency. These services are available 24 hours a day, seven days a week. Additionally, you can get significant savings on theme park and movie tickets.
The Chevron Texaco Credit Card By Visa
- Fuel credits $0.10 – $0.20
- credits per year $300
- 99% Annual Percentage
- Simple card – No annual fee
If you primarily use Texaco or Chevron gas, this is an excellent credit card. When you fill up with these brands of gasoline, your rewards are applied directly to your future gas purchases. The rewards program for this card is uncomplicated, you simply use the card for gas to get a discount on gas.
Fuel credits range between $.10 and $.20 per gallon depending upon the amount of fuel you buy. There is a maximum limit to the amount of credits you can accrue in a calendar year: it is $300. The Chevron Texaco card is great for a working person, but with the credit cap, not a good choice for a career driver.
The card has no annual fee, and the annual percentage rate is 26.99%.
American Express Blue Cash Preferred Card
- 3% back on gas, 6% back on grocery (conditions apply for both)
- Annual Interest Rate – Intro APR 0%
- Annual Fee $75
This is not primarily a gas rewards card, but it does provide good gas rewards for customers who spend a great deal on gas annually. If you do spend more than $8500 a year on gas, you will get 3% cash back. Rewards on other types of spending are also attractive. For example if you spend $6000 at the supermarket, you will get 6% back.
Other types of purchases earn 1% back. The annual fee for this card is $75 a year with a 0% introductory APR on balance transfers and purchases for the first 15 months.
Shell Drive for Five Card & Shell Platinum Select MasterCard
Shell has two types of gas rebate cards. The Shell Drive for Five Card is a gas only card to be used at Shell stations. The APR is 24.99%, and there is no annual fee. This card is protected by Citi Identity Theft Solutions so cardholders are not held liable for fraudulent purchases. You can earn $.05 a gallon on a minimum of 45 gallons of gas a month. If you do not buy 45 gallons of gas, you will not receive a discount.
The Shell Platinum Select MasterCard is a general purpose and gas rebate card with no annual fee and an APR of 23.99%. This card can be used anywhere for all kinds of purchases to earn credits toward the first one-hundred gallons of gas purchased at Shell during the next billing cycle.
To reap your rewards, you must be cognizant of a very specific rewards structure:
- If you spend between $500 and $999.99, you will get a discount of $0.10 per gallon in the next billing cycle.
- If you spend between $1,000 and $2,499.99, you will get a discount of $0.15 per gallon in the next billing cycle.
- If you spend $2,500.00 or more, you will get a discount of $0.20 per gallon in the next billing cycle.
The discount is determined at the end of each billing cycle and applied to gas purchases in the upcoming billing cycle. The discount applies only to the first hundred gallons of gas you purchase.
This card also includes some travel benefits. Cardholders can receive assistance from a concierge service to schedule accommodations and make travel arrangements.
While traveling, cardholders can get help reporting and replacing lost or stolen cards through MasterCard Global Service™. Help with emergencies such as car accidents is available through MasterAssist™ Plus. Accidental death and dismemberment insurance, while traveling, is also provided.
Things To Consider When Selecting A Gas Rewards Card
There are a number of things you should consider when selecting just the right gas rebate credit card to suit your needs. You’ll naturally want select a card for a station that is easy for you to frequent. It should be conveniently located near or between your home and/or work.
You’ll also want to think about your spending habits. Choose a card that will give you the most rewards for the things that you purchase most often. Consider the reward rates that various cards offer on non-gas spending. This is typically about 1%, so you would probably get better rewards on these kinds of purchases by using a general-purpose rewards card.
The best way to manage using gas rewards cards for gas spending is to have one specific card for gas purchases that you can pay off in full every month. In this way, you can avoid paying high interest rates on a consumable product. Use general-purpose rewards card for other types of spending. However, you may also consider other auto care credit cards such as the Firestone credit card which allows you to pay for your auto repairs for up to 6 months without interest.
Keep the APR and annual fees in mind. While many gas station credit cards do not charge an annual fee, they typically charge higher annual percentage rates. If you’re not able to pay your balance in full every month, you might even be better off using a different type of card for gas that doesn’t offer rewards and does have a lower annual percentage rate. This is something you will want to think through very carefully.