A gas rewards credit card is perhaps the best such tool, but it can be difficult to identify the most lucrative of the bunch, given both the variety and volume of available offers. With that in mind, CardHub compared more than 1,000 credit card offers based on their fees and rewards yield per dollar spent on gas in order to identify the best gas credit cards on the market.
Below, you can find our selections – both for cards affiliated with particular station chains and those offering high earning rates on all gas purchases – followed by tips for choosing the right gas credit card and more ways to save at the pump. Take note that while some of the cards listed below are issued by CardHub advertising partners, advertising status played no role in card selection, which was a purely editorial process.
Generic Gas Credit Card
This Pentagon Federal Credit Union credit card offers 5 points per $1 spent on gas purchases (the equivalent of 4.25% cash back, given that 100 points are worth roughly $0.85) in addition to 3 points per $1 in supermarket purchases and 1 point per $1 on everything else. You will have to join PenFed, but anyone can do so for $15.
Generic Gas Credit Card
After spending $6,500 with this card each year, which the average user would do in about three months, you will earn up to 5% cash back on gas, supermarket and drugstore purchases (up to $50,000) and 1% back on everything else. Before you cross the $6,500 threshold, you will earn 0.5% back on most purchases and 1% in the bonus categories. There is no annual fee.
Generic Gas Credit Card (Military)
Those who have the military ties to qualify for this card will receive 5% cash back on up to $3,000 in gas and military-base purchases each year as well as 2% back on the first $3,000 spent at supermarkets annually and 1% on everything else. This card has no annual fee.
Generic Gas Credit Card (Costco Members)
Costco members will earn 4% cash back on up to $7,000 in gas purchases (made anywhere) each year, 3% cash back on restaurant and travel purchases, 2% cash back at Costco and 1% on everything else. The card itself does not charge an annual fee.
Generic Gas Credit Card
This card rewards you with 3% cash back on gas and 2% on groceries for the first $2,500 spent in those categories each quarter, plus 1% cash back on everything else. There's no annual fee, either, and you can get a $100 initial bonus if you apply online.
Generic Gas Credit Card (For Bad Credit)
A rare secured credit card that offers rewards, this offer includes 2% cash back on the first $1,000 you spend at restaurants and gas stations each quarter, plus 1% on all other purchases. Better still, Discover will double your first-year earnings. There is no annual fee, but you will have to place a refundable security deposit of at least $200 to open an account.
Station-Affiliated Credit Card
This card provides a 50-cent rebate (~20.8% cash back) for each gallon of Marathon gas purchased during months that you charge at least $1,000. If you don’t meet that threshold, you’ll still earn $0.30/gal. (~12.5%) for spending at least $500 and $0.10 (~4.16% cash back) otherwise. There is no annual fee.
Choosing The Right Gas Rewards Card
While station-affiliated gas credit cards could offer the most lucrative rewards, they certainly aren’t for everyone. Users can only save on gas purchased at affiliated stations and, in many cases, are required to spend high dollar amounts in order to qualify for the highest rewards earning rates. Therefore, you should only open one if you’re already meeting those requirements or could easily do so without changing their daily habits significantly.
Otherwise, a generic gas credit card may be in order. When it comes to picking between, it’s important to not only compare gas rewards earning rates, but also how the other rewards they offer match up with your biggest expenses. It’s also important to note that you shouldn’t be swayed by cards offering 5% rewards in rotating categories, even if they are listed on other best gas credit card lists. Gas prices are trending upward, and such cards won’t guarantee that you’ll have a competitive earning rate on fuel purchases when the costs are highest. Besides, you’d only benefit as far as gas purchases are concerned for three months of the year, if you’re lucky.
Other Ways To Save
Consumers looking to save even more may also consider using one of the many smart phone applications, like GasBuddy, that help find the cheapest gas station in the neighborhood.
Shopping at certain grocery stores – including Giant, Kroger, and Safeway – can also bring about considerable savings because some offer discounts at affiliated gas station chains (e.g. Shell and ExxonMobil) based on how much you spend at their stores. This is especially powerful when combined with the respective station’s co-branded credit cards, many of which offer pretty good rewards but didn’t make this list because you have to spend a relatively high amount per month in order to get a decent return.