2017 RANKING & REVIEWS
TOP RANKING BEST CREDIT CARDS FOR GAS
How Can the Best Gas Credit Cards Help You Save Money?
In 2015, the average driver spent about $1,400 per year on gas alone. That is a lot of money, averaging almost $27 per week. The expense of gas leaves consumers searching for the best gas rewards credit card for good reason. The best credit card for gas can save you money at the pump with cash back rewards or savings on each gallon.
As with any credit card, you should use the best gas credit card offers wisely to make the most of your savings. The best gas card can provide a lot of savings, but only if you remember to pay off your balance each month and not make frivolous purchases.
Gas credit cards can come from specific gas stations or general credit card companies. Either one can have the best gas rewards program offers. Some ordinary credit cards can even be the best credit card for gas or groceries. What you look for, specifically, in a gas rewards credit card should be what benefits you according to how much you drive and spend on gas.
Award Emblem: Top 6 Best Gas Credit Cards
Credit cards for gas often provide the biggest discounts when they come from specific gas stations. However, the best gas card from a specific gas station will limit its use to only that gas station.
In contrast, more general credit cards for gas can be used at virtually any gas station to receive your cash back or rewards. Either type of gas rewards credit card you choose will save you money when you use it wisely.
How Should You Use the Best Gas Rewards Card Offers?
The best credit card for gas and the best gas rewards card offers from specific gas stations usually provide a percentage of cash back from your purchase or an amount off per gallon of gas. The trick to making the best gas rewards program work for you is to find the best gas credit card offers with the best gas rewards program to meet your needs.
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For example, if you are a non-frequent driver who has a short commute to work and only drives short distances on weekends, you could benefit from gas credit cards that offer a specific amount off per gallon. The best gas card offers from gas stations can give up to 25 cents off per gallon. Make sure you choose a gas rewards credit card from a gas station you visit frequently to save as much as possible.
However, the best gas credit card offers from credit card companies tend to offer rewards programs rather than money off your gas price. You can benefit from the best credit cards for gas if you pay off your balance monthly. If you carry a balance from month to month, you could use your savings from your best gas rewards credit card from piling interest.
AdvisoryHQ’s List of the Top 6 Best Credit Cards for Gas
List is sorted alphabetically (click any of the credit card names below to go directly to the detailed review section for that credit card):
- BankAmericard Cash Rewards™ Credit Card
- BP Visa® Credit Card
- Chase Freedom® Credit Card
- Discover it® Card
- PenFed Platinum Cash Rewards Visa® Card
- Wells Fargo Propel 365 American Express® Card
Top 6 Best Gas Rewards Card Offers | Brief Comparison & Ranking
Credit Card Names
|BankAmericard Cash Rewards™ Credit Card|
3% on up to $2500 quarterly
2% on grocery and wholesale purchases, 1% other purchases
0% for 12 months, 13.24% – 23.24% after
|BP Visa® Credit Card|
25¢ off per gallon for every $100 spent at BP
15¢ off per gallon for every $100 spent on groceries, dining, and travel
|Chase Freedom® Credit Card|
5% cash back one quarter per year
1% cash back on other purchases
0% for 15 months, 14.24% – 23.24% after
|Discover it® Card|
5% cash back one quarter per year
1% cash back on other purchases
0% for 12 months, 11.24% – 23.24% after
|PenFed Platinum Cash Rewards Visa® Card|
5% cash back for Plus, 3% for Standard
10.24% – 17.99%
|Wells Fargo Propel 365 American Express® Card|
2x points on restaurants, 1x other purchases
0% for 12 months, 14.24% – 22.24% after
Table: Top 6 Best Gas Rewards Card Offers | Above list is sorted alphabetically
How Do Rewards Differ Between the Best Gas Rewards Card Offers?
Not all gas credit cards qualify for the status of best credit cards for gas. Credit cards for gas can offer very different rewards programs. The most common programs offered by the best gas credit cards are points rewards for money spent on gas, cash back for money spent on gas, and money off per gallon of gas.
- Points Rewards. Some of the best gas rewards card offers use point systems as rewards. A set number of points equal one dollar, and you can usually use your points to redeem as cash or other rewards, like gift cards or travel miles.
For these best credit cards for gas offers, make sure that the reward points offered for purchases are worth your while. For an average driver, you should benefit from frequent points that allow you to redeem for rewards regularly to qualify as a best gas rewards program.
- Cash Back Rewards. Some of the best gas credit cards offer cash back on gas purchases rather than rewards points. Usually, you receive a percentage of your purchase, between 1% and 5%, in cash back on your statement.
The best credit cards for gas offer this percentage for at least a quarter of the year, if it uses a rotating category rewards system, and some offer the same percentage for a full calendar year.
- Money Off Per Gallon. Some credit cards for gas, usually those issued by a specific gas station, will offer a monetary amount off the price per gallon of gas. This can range from a few cents t0 25 cents or more per gallon, which is especially helpful for frequent customers of that gas station.
When choosing the best credit card for gas, choose a gas rewards credit card whose program makes the most sense for you. Choosing one with cash back for a $100 or higher gas purchase will not make sense if you do not spend that much on a typical trip to the pump, for example.
Be aware, too, that some of the best gas credit cards can also be the best credit card for gas and groceries. Many of the best gas rewards credit card offers also have rewards for other categories, which can make them even more beneficial to you.
Look at the best gas card offers as a whole rather than focus on their gas rewards alone. A high interest rate can quickly counter the savings you get on gas purchases from gas credit cards. However, the best credit card for gas and groceries can save you more money on purchases other than gas.
AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top rated credit cards, financial accounts, firms, products, and services.
Detailed Review – Top Ranking Best Gas Credit Cards
Below, please find the detailed review of each credit card on our list of best credit cards for gas. We have highlighted some of the factors that allowed these best gas rewards card offers to score so highly in our selection ranking.
BankAmericard Cash Rewards™ Credit Card Review
The BankAmericard Cash Rewards™ Credit Card is a choice for best gas credit cards for its cash back rewards program that offers more than just gas rewards. With a 3% cash back on gas purchases, it is a best credit card for gas option for those who can pay off their balances each month to take advantage of savings.
In addition, this best gas rewards card offers 2% cash back on grocery stores and wholesale clubs and 1% cash back on other qualifying purchases, making it beneficial for more than just gas savings.
BankAmericard Cash Rewards™ Credit Card Rates and Fees
The BankAmericard Cash Rewards™ Credit Card offers a 0% introductory APR for 12 billing cycles after opening your account. Its regular APR after the promotional period is 13.24% – 23.24%. There is no annual fee for this card. You can also enjoy a $100 bonus from this best gas rewards card option if you spend $500 in your first 90 days.
BP Visa® Credit Card Review
The BP Visa® Credit Card is issued through BP and is one of the best credit cards for gas because it offers 25 cents off per gallon you spend on gas at BP. Frequent travelers can benefit from this best gas credit card if they live near or use a BP gas station for most of their gas purchases.
You can also earn 15 cents off per gallon for qualifying grocery, dining, and travel purchases, and 5 cents off per gallon from other qualifying purchases. Therefore, this can also be considered a best credit card for gas and groceries.
BP Visa® Credit Card Rates and Fees
The BP Visa® Credit Card does have a higher interest rate than most other best gas credit cards, at 27.24%. However, its excellent rewards can outweigh the high interest if you pay off your balance monthly to take advantage of your money off per gallon. This card has no annual fee.
Chase Freedom® Credit Card Review
The Chase Freedom® Credit Card is an option for best gas rewards credit card because it features an excellent 5% cash back reward for gas purchases for one quarter of each calendar year. The card operates on a rotating rewards system, so you will receive the 5% cash back on other purchases through the year, and still receive 1% cash back on gas purchases all year.
Source: Chase Freedom® Credit Card
Although the bonus 5% cash back on gas is only for a portion of the year, the 1% cash back on gas for the remainder of the year qualifies this card as one of the best credit cards for gas, along with its introductory APR, low interest rates, and other benefits.
Chase Freedom® Credit Card Rates and Fees
The Chase Freedom® Credit Card has an introductory interest rate of 0% for 15 months, with a regular APR of 14.24% to 23.24%. This card also has no annual fee, and you can receive a $150 bonus if you spend $500 within the first three months. You can qualify for an additional $25 if you add an authorized user within this time.
Discover it® Card Review
This best gas rewards card offers 5% cash back on gas purchases for one quarter of the year and 1% cash back on other qualifying purchases, like groceries and dining. You will receive the 1% cash back when you use your Discover it® Card on gas through the rest of the year outside of bonus quarter.
Source: Discover it® Card
What also qualifies this card as one of the best gas credit cards is its offer to match your cash back earned through the whole calendar year. If you earn several rewards from different purchases, this card can be a best credit card for gas and groceries.
Discover it® Card Rates, Rewards, and Fees
The Discover it® Card has no annual fee and a 0% introductory APR for 12 months. The regular interest rate is 11.24% to 23.24% thereafter, with no penalty APR. With this card, you can view your FICO credit score for free.
PenFed Platinum Cash Rewards Visa® Card Review
The PenFed Platinum Cash Rewards Visa® Card is the best gas rewards card for cardholders who want to be a part of a credit union. This card offers two of the best gas credit cards: Standard and Plus. Standard members receive 3% cash back on gas purchases, whereas Plus members receive the best gas rewards program of 5% cash back on gas.
To become a Plus member, you must open another qualifying financial product through PenFed Credit Union. The Plus option is the best gas rewards card PenFed has to offer.
PenFed Platinum Cash Rewards Visa® Card Rates and Fees
PenFed Platinum Cash Rewards Visa® Card offers no annual fee for Plus members, and Standard members will have no annual fee for the first year, but $25 each year after. Both of the best credit cards for gas by PenFed offer no balance transfer fee for the first year. The variable APR is 10.24% to 17.99% based on creditworthiness.
Wells Fargo Propel 365 American Express® Card Review
The Wells Fargo Propel 365 American Express® Card rounds out our list of best credit cards for gas with its reward points system offering 3x points for gas purchases all year round. This card has a consistent category point system, also offering 2x points at restaurants and 1x points on other qualifying purchases.
Source: Wells Fargo Propel 365 American Express® Card
This is also one of the best gas credit cards because you can receive 20,000 bonus points for spending $3,000 in the first three months of account opening. If you are a frequent traveler who spends a significant amount of money for your work commute, this gas rewards credit card and its bonus introductory offer can benefit you.
Wells Fargo Propel 365 American Express® Card Rates and Fees
This card has a $45 annual fee, which is waived for your first year. There is also a 0% introductory APR for 12 months, with a regular APR of 14.24% to 22.24% thereafter. Current Wells Fargo customers can benefit further from this best gas rewards card with an annual bonus of reward points between 10% and 50%.
Conclusion – Top 6 Best Gas Credit Cards
Gas credit cards can help you gain cash back or rewards for one of the purchases you make the most. The best credit cards for gas will offer a significant amount of cash back or points for your gas purchases or offer you money off per gallon.
Regardless of the type of best gas credit cards you choose, be careful to look at more than just their gas rewards. Many of the best credit cards for gas also offer rewards in other popular categories, like travel and dining.
You also should make sure that the best gas rewards card does not come with a high interest rate if you plan on carrying a balance, high annual fees, or other fees that would counter your gas savings or rewards.
Our list of the six best gas credit cards offer significant savings through reward points, high cash back earnings, or money off per gallon at the pump. Additionally, each best gas rewards card can earn or save you money in other ways, such as cash back on other purchases, introductory APR offers, or bonuses for opening an account.
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