Best Gas Credit Cards of June 2021
Best Cards Summary
Bank of America® Customized Cash Rewards credit card
Why this is one of the best gas credit cards: The Bank of America Cash Rewards card lets you pick one category to earn 3% cash back – including gas. Grocery store wholesale club purchases get 2% back. You’ll also receive a $200 cash rewards bonus after spending $1,000 on the card in the first three months. See our full review.
Discover it® chrome
Why this is one of the best gas credit cards: The Discover it chrome card offers 2% cash back at gas stations restaurants, on up to the first $1,000 in combined purchases each quarter. All other purchases earn unlimited 1% cash back cash back can be redeemed at any time, in any amount. Discover also matches all the cash back you’ve earned at the end of your first year automatically, with no cap. There’s no annual fee for this card. See our full review.
Blue Cash Everyday® Card from American Express
Why this is one of the best gas credit cards: The Blue Cash Everyday Card from American Express offers 2% cash back on U.S. gas station purchases. Cardholders also receive a 20% statement credit back on Amazon.com purchases on the Card in the first 6 months of Card membership, up to $150 back. Plus, you’ll earn $100 back after you make $2,000 in purchases on your card within the first six months. Cash back is easily redeemed for statement credits with this card that charges no annual fee. See our full review.
Chase Freedom Unlimited®
Why this is one of the best gas credit cards: Chase Freedom Unlimited earns 5% cash back on travel purchases through the Chase Ultimate Rewards portal, 3% back on dining drugstore purchases, 1.5% cash back on all other purchases, including gas station fill-ups. You can redeem cash back in any amount, cash back rewards do not expire as long as your account is open. New users can nab a $200 cash back bonus after spending $500 on the card in the first three months, plus the card offers a 0% introductory annual percentage rate on purchases for 15 months. See our full review.
Hilton Honors American Express Card
Why this is one of the best gas credit cards: The Hilton Honors American Express Card earns five points per dollar on eligible purchases at U.S. gas stations. You’ll get 80,000 bonus points when you spend $1,000 in eligible purchases within the first three months of Card Membership. Plus, you can earn an additional 50,000 Hilton Honors Bonus Points after you spend a total of $5,000 in purchases on the Card in the first six months. See our full review.
Blue Cash Preferred® Card from American Express
Why this is one of the best gas credit cards: For gas station purchases, cardholders earn 3% back, though gas bought at superstores, supermarkets warehouse clubs doesn’t qualify. Cardholders also receive 6% cash back on up to $6,000 in yearly purchases at U.S. supermarkets 1% thereafter. See our full review.
Hilton Honors American Express Surpass® Card
Why this is one of the best gas credit cards: The Hilton Honors American Express Surpass Card earns 12 points per dollar of eligible purchases charged on your Card directly with a hotel or resort within the Hilton portfolio. You’ll earn 130,000 bonus points when you spend $2,000 within three months of opening the account. See our full review.
Amazon Business Prime American Express Card
Why this is one of the best gas credit cards: Businesses can earn 2% cash back at U.S. gas stations a $125 Amazon gift card when opening an account. See our full review.
United℠ Business Card
Why this is one of the best gas credit cards: United Business Card users will earn 2 miles per dollar at gas stations, other purchases earn 1 mile per dollar. The 2-mile bonus rate is also good for United, restaurant, office supply store, local transit commuting purchases. See our full review.
Ink Business Cash® Credit Card
Why this is one of the best gas credit cards: The Ink Business Cash Credit Card is designed for business owners who spend on gas other everyday purchases. Cardholders earn 5% cash back on up to $25,000 in combined purchases annually at office supply stores on internet, cable phone services. You also earn 2% cash back on up to $25,000 in combined purchases at gas stations restaurants each account anniversary year. All other purchases earn 1% cash back, with no cap on earnings, the card charges no annual fee. See our full review.
What You Can Expect From Gas Credit Cards
Here’s what gas credit cards typically offer:
Rewards earning: All of the gas cards surveyed earn at least two points per dollar, or 2% cash back on gas purchases.
Rewards redemption: You can redeem rewards flexibly, with cash back or other options, using all of the gas cards surveyed.
Sign-up bonus value: You can earn a sign-up bonus of at least $150 with 86% of gas credit cards.
Annual fee: About 79% of gas cards charge no annual fee or waive the fee for the first year. All of the gas cards surveyed have an annual fee of $100 or less.
APR: About 29% of gas credit cards have a minimum annual percentage rate of 14.99% or lower. The rest have a minimum APR of between 15% to 18.99%.
How Can You Choose a Gas Credit Card?
With a gas credit card, you can expect to get between 1% 3% cash back on gas station purchases.
Branded gas credit cards, also known as gas rebate cards, earn rewards based on how much gas you purchase from a specific brand, such as Shell or Exxon. The general (unbranded) gas credit cards are more popular typically more lucrative than gas rebate cards.
With a general gas credit card, you can earn rewards from a variety of gas stations instead of from just one particular brand. You also tend to get much more value overall. One reason is because the best gas credit cards tend to offer rewards on other everyday purchases, such as groceries or at department stores.
General gas rewards cards typically offer the features common with all types of rewards cards, including sign-up bonuses desirable cardholder benefits. For example, benefits may include travel accident insurance, roadside assistance auto rental damage waivers. However, cards that offer these benefits may come with an annual fee.
When choosing a gas credit card, take note that many gas credit cards do not consider spending at warehouse clubs, superstores supermarkets eligible for rewards. But for most people, a gas rewards card is still a better choice than a gas rebate card because of the flexibility, opportunity to earn rewards on other types of spending for the better benefits perks.
Example of gas rewards credit cards
Now, we’re getting to the fun part. Let’s take a look at a few examples of general gas rewards credit cards.
The Bank of America Cash Rewards credit card can earn up to 3% cash back on gas purchases. The card offers 3% cash back in a category of your choice, including gas, online shopping, travel, dining, home improvement furnishings drug stores, 2% cash back at grocery stores wholesale clubs. The 3% 2% cash-back earnings are eligible on up to $2,500 in combined choice category, grocery store wholesale club purchases each quarter (then 1%). The card earns 1% cash back on all other purchases.
The card offers a $200 cash rewards bonus if you spend $1,000 in purchases within 90 days of opening an account. There is no annual fee, rewards never expire. Benefits offered by the Bank of America Cash Rewards credit card include text banking, account alerts, digital wallet technology a $0 liability guarantee for fraudulent transactions.
The Blue Cash Preferred Card from American Express earns 3% cash back at U.S. gas stations on transit (including taxis, ride-hailing services, parking buses). It also earns 6% cash back on up to $6,000 in spending each year at U.S. supermarkets (then 1%), 6% cash back on select U.S. streaming subscriptions, unlimited 1% cash back on other purchases.
This card comes with a welcome offer of 20% back on Amazon.com purchases in the first 6 months of Card Membership, up to $200 back. Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership.
Benefits included with the Blue Cash Preferred Card from American Express include travel perks consumer protection. Travel benefits include a global assist hotline car rental loss damage insurance. Consumer benefits include purchase protection fraud protection.
Gas station rebate credit cards
Gas station rebate cards allow you to save money with rebates. This type of card is typically branded with a gas station, offering rebates for every gallon you purchase with the card’s brand. Some rebate cards offer rebates of 10 cents per gallon or more.
Besides rebates, these cards may not offer other rewards or only earn rebates when you use them with the card’s gas brand. They typically don’t provide robust cardholder benefits as some gas rewards cards do. Gas rebate cards sometimes have bonus periods for increased rebate savings, but they don’t usually have sign-up bonuses like the best gas credit cards do.
Gas rebate cards can be a decent option for people who frequently buy gas from one particular brand. Or if you’re rebuilding or trying to establish credit, a gas rebate card can help you get started on the path to good credit. But here’s a warning: These cards tend to have higher APRs than gas rewards credit cards. Do not carry a balance with these credit cards.
The Techron Advantage Visa Card earns 3 cents per gallon in fuel credits for every fill-up at either Chevron or Texaco gas stations. This card allows you to earn an increased rebate rate if you spend a certain amount outside of fuel merchants every month: 10 cents per gallon by spending $300 outside of fuel merchants 20 cents per gallon by spending $1,000. There is no annual fee for this card, you’re protected with $0 liability on unauthorized charges.