Best Gas Credit Cards – Save At The Gas Stations

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July 16, 2024

Best Gas Credit Cards – Save At The Gas Stations

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Looking to save some extra money at your favorite gas stations? Gas credit cards make it easier to save money on every gallon and have enticing rewards programs for everyday fuel purchases. These cards also increase your credit limit and give you the opportunity to build credit. This guide will cover some of the best gas credit cards available.

Overview of the best gas credit cards

Gas Credit Card:	Best For:
Citi Custom Cash Card	Elevated Cashback for Gas
Discover It Cash Back Credit Card	Rotating Categories
Costco Anywhere Visa Card	Costco Members
Bank of America Customized Cash Rewards Credit Card	Gas and Groceries
Discover It Secured Credit Card	Rebuilding Credit
SoFi Unlimited 2% Credit Card	Same Cashback on All Purchases

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Citi Custom Cash Card

The Citi Custom Cash Card does not have any annual fees and allows you to enjoy low APR for the first 15 months of account opening. The low APR promotion applies for purchases and balance transfers. You’ll also enjoy $200 cash back after spending $1,500 on purchases within the first six months of account opening. The bonus comes with 20,000 ThankYou Points, which you can trade for $200.

This card offers unlimited 1% cashback across all spending categories. However, you can also pick one spending category that qualifies for 5% cashback for the first $500 every billing cycle. Gas is one of the expenses that counts, so if you spend $500 monthly on gas, you can receive $25 back. You can also choose from other categories for 5% cashback, such as restaurants, grocery stores, live entertainment, home improvement stores, fitness clubs, and more.

Discover It Cash Back Credit Card

The Discover It Cash Back Credit Card offers unlimited 1% cashback on all eligible purchases. The card also has rotating categories that qualify for 5% cashback. People who want to use the card solely to receive more rewards for gas purchases will be out of luck if the 5% category isn’t gas. However, you’ll get multiple spending categories that qualify for 5% cashback up to the first $1,500 you spend in the quarter. The spending categories that qualify for 5% cashback change every January, April, July, and October.

The 5% cashback category gets announced one month in advance. Consumers who are in credit card debt may also want to look at this card more closely. It offers a 0% intro APR for 15 months on purchases and balance transfers. A 3% intro balance transfer fee applies during the promo period. After the promo period, the variable APR will vary from 18.24% to 28.24%, and future balance transfers will have a 5% fee. Instead of offering a flat welcome bonus, Discover matches your cash rewards for the first year. Consumers who rack up plenty of spending can get higher bonus rewards.

Costco Anywhere Visa Card

The Costco Anywhere Visa Card offers 4% cashback on gas and EV charging for the first $7,000 annually. You’ll also receive unlimited 3% cashback on restaurants and eligible travel. This card has no annual fee, but you need an active Costco membership. Cardholders also receive unlimited 2% cashback on Costco purchases and unlimited 1% cashback on all other purchases.

This card has several perks beyond the reward program. You won’t have to pay foreign transaction fees; the card also comes with complimentary travel and automobile protections. You can also access roadside assistance dispatch services. The card has a variable interest rate of 20.49% APR. Balance transfers incur a 5% balance transfer fee or $5, depending on which is greater.

The Costco Anywhere Visa Card has a lower cash-back rate than the Citi Custom Cash Card. However, Costco’s card has a more expansive reward program that covers multiple spending categories. Costco’s card also has a $7,000 annual limit of 4% cashback, while the Citi Custom Cash Card has a $6,000 annual limit of 5% cashback, assuming you reach $500 every month. Maxing out both cards’ gas rewards programs offers a slight edge to Costco ($320 vs. $300).

Bank of America Customized Cash Rewards Credit Card

The Bank of America Customized Rewards Credit Card offers 2% cashback at groceries and wholesale clubs. You’ll also enjoy unlimited 1% cashback on all other purchases. Cardholders can select one category to receive 3% cashback. Gas, internet, dining, and travel are some of the categories you can choose for 3% cashback.

You will only earn 3% and 2% cashback on the first $2,500 combined purchases every quarter. All other purchases are eligible for unlimited 1% cashback. The card has no annual fees; you can get 0% APR for purchases in the first 15 billing cycles. After the intro period concludes, the variable interest rate becomes 19.24% to 29.24% APR.

You’ll also get 0% APR on balance transfers for the first two months. Balance transfer fees have an introductory 3% fee, which increases to 4% after the intro balance transfer fee offer ends.

Bank of America Preferred Rewards allow you to generate more rewards if you have a high enough balance across your Bank of America bank accounts. You’ll start to tap into some of those rewards if you maintain a 3-month combined average daily balance of at least $20,000. Preferred Rewards give your current rewards rate a 25%-75% boost, depending on your tier.

Discover It Secured Credit Card

The Discover It Secured Credit Card is the best gas credit card for people who want to repair their credit. While most gas credit cards require good credit or excellent credit, you don’t need a credit score to apply for this card. It doesn’t even have an annual fee like other secured credit cards.

Applicants can see if they’ll get pre-approved without any impact on their score. Discover reports your payment history to the major credit bureaus so you can build credit. The card requires a security deposit of as low as $200, which is refundable and becomes your credit limit.

Discover will review your account every seven months to see if you are eligible for an unsecured credit card. If you upgrade to an unsecured card, you will receive your deposit back and end up with a higher credit limit.

You can receive 2% cashback on gas and restaurant purchases, up to $1,000 in combined purchases each quarter. All other purchases qualify for unlimited 1% cashback. Discover does not offer a flat welcome bonus. Instead, you will receive an unlimited dollar-for-dollar match on all the cash-back rewards you accumulate at the end of your first year. There is no limit to how much you can receive from this first-year offer.

SoFi Unlimited 2% Credit Card

The SoFi Unlimited 2% Credit Card is a good option for people who do not want to look at rotating category calendars or calculate how to maximize their rewards. This card is straightforward and offers unlimited 2% cashback across the board. You can also earn 3% cash back rewards on SoFi Travel.

The SoFi Unlimited 2% Credit Card is only for SoFi members. It does not come with an annual fee or foreign transaction fees. The reward program also has no limits, caps, or minimums to redeem. Cardholders enjoy several protections, such as zero fraud liability and cell phone protection. The SoFi Unlimited 2% Credit Card covers up to $1,000 of complimentary cell phone insurance coverage.

SoFi recently added a 10% reward boost for its credit card. All you must do is maintain direct deposits to your SoFi checking or savings account. New and existing cardholders can capitalize on this perk. With the boost, you’ll receive unlimited 2.2% cashback on all purchases and 3.3% cashback on SoFi Travel.

Summary of the best gas credit cards

Gas Credit Card	Annual Fee	Highest Rewards Category	Signup Bonus
Citi Custom Cash Card	$0	5% cashback on a category of your choice, on up to $500 in purchases per month	20,000 ThankYou Points ($200 cash)
Discover It Cash Back Credit Card	$0	5% cashback on a rotating category, up to $1,500 in purchases per quarter	Dollar-for-dollar cashback match for the first year
Costco Anywhere Visa Card	$0	4% cashback on gas and EV charging, up to $7,000 in purchases per year	No bonus
Bank of America Customized Cash Rewards Credit Card	$0	3% cashback in a category of your choice, up to $2,500 in purchases per year	$200 online cash rewards bonus offer if you spend at least $1,000 within 90 days of account opening
Discover It Secured Credit Card	$0	2% cashback on gas and restaurants, up to $1,000 in combined purchases	Dollar-for-dollar cashback match for the first year
SoFi Unlimited 2% Credit Card	$0	Unlimited 2% cashback on all purchases	No bonus

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Pros and cons

Pros

Build credit.
Receive elevated cashback for eligible gas purchases.
Increase your credit limit.
Save money with lower gas prices.
Some gas cards also offer discounts for electric vehicle charging stations.

Cons

It’s another credit card to manage.
Some gas credit cards don’t have good rewards programs outside of elevated cashback for gas.
High interest rates.
Some credit card issuers have spending caps for elevated rewards.
Some gas rewards credit cards require that you make specific gas station purchases.

FAQs

Are gas credit cards easy to get?

Some gas credit cards require good or excellent credit. However, you can find gas credit cards that have no credit score requirements and are more lenient for people with bad credit.

Will opening a gas credit card hurt your credit?

Opening a gas credit card usually triggers a hard credit check, which temporarily hurts your score. Hard credit checks affect your score for one year, and you will incur them for almost any credit card, not just a gas credit card.

Is it a good idea to have a gas credit card?

A gas credit card allows you to earn more rewards every time you buy gas. If you want to maximize your cashback rewards with multiple credit cards, a gas credit card can be a good addition.

Why you should (or shouldn’t) use a gas credit card

Gas credit cards allow consumers to save money every time they go to the pump. You can receive cashback and other rewards for every purchase. Many credit cards offer elevated cashback for gas, but you can get up to 5% cashback depending on which cards you use.

Some consumers open multiple credit cards to maximize how much they get back with every purchase. Most credit cards limit how much your purchase qualifies for the highest cashback amount. Once you reach that maximum, you can use another gas credit card to continue receiving rewards at an elevated rate.

Gas credit cards don’t make as much sense for people who want to keep things simple with their credit cards. Some people prefer a single credit card offering the same cashback rewards for every purchase instead of paying attention to bonus categories and reward limits. Other cardholders may prefer travel rewards and cards that offer various redemption options.

However, some cards have enticing $200-$300 sign-up bonuses if you fulfill minimum spending requirements shortly after opening your account. Each welcome offer can add up if you open enough cards, but you don’t want to rack up too many hard credit checks.

Raise Your Credit 80 Points

Raise Your Credit 80 points*

5 star service trusted by over 450,000 members
Have processed over $11,000,000 in bill payments for members
No deposit, no credit check, no interest
New member promotions available

Raise Your Credit 80 Points with StellarFi

The bottom line

Credit cards offer enticing rewards programs to remain competitive in the industry. Unsecured credit cards offer some of the best rewards programs, but receiving cashback on every purchase from an unsecured credit card is possible.

While rewards are a key factor, consumers should consider a card’s interest rate, fees, introductory APR, bonus points, perks, spending habits, and other features before deciding. You can choose from many gas credit cards instead of rushing to the first one. You don’t want to apply for credit cards leading up to an important mortgage or an auto loan.

However, some people may accumulate credit cards when they aren’t likely to apply for key loans over the next year. Regardless of which credit card you receive, you will have a high interest rate. A 20% APR is relatively low in the credit card industry, but it’s still a rate you don’t want to get stuck with. Make sure you can pay off your credit card balance in full at the end of each month. It’s the best way to get all the upsides of credit card ownership without the downsides.

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Marc Guberti is a business freelance writer who specializes in personal finance, digital marketing, and entrepreneurship. His award-winning book "Content Marketing Secrets" teaches readers how to create, promote and optimize content for growth and revenue. Marc also hosts the "Breakthrough Success Podcast," where listeners learn how to master content marketing and get more clients.

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