Credit Card | Annual Fee | Rewards Rate | Credit Required |
Chevron and Texaco Gas Card | $0 | 3 - 8 ¢ / gallon | Fair |
Conoco Gas Card | $0 | 3 ¢ / gallon | Fair |
CITGO Gas Card | $0 | 5¢ / gallon | Fair |
76 Credit Card | $0 | 3 ¢ / gallon | Fair |
Phillips 66 Credit Card | $0 | 3 ¢ / gallon | Fair |
When it comes to the worst gas credit cards, the gas savings really are greener on the other side of the pump. If you want to maximize your savings, check out WalletHub’s picks for the best gas credit cards of 2024.
Worst Gas Credit Cards Methodology
To identify the worst gas credit cards on the market, WalletHub’s editors compare all the cards with gas-focused rewards in our database of 1,500+ credit card offers. We consider gas station-affiliated credit cards that can be used anywhere Visa, Mastercard, American Express or Discover is accepted, in addition to gas store credit cards that can only be used at certain gas-station chains.
We evaluate the latest relevant credit card offers based on their gas rewards, annual fees, approval requirements and key limitations. More specifically, we calculate the average person’s expected earnings and expenses after using each card solely for gas purchases for two years. The cards with minimum rewards and maximum costs over the span of two years are picked as the worst credit cards for gas.
This list of the worst gas credit cards is intended to help people avoid making the wrong selection. You can check out our editor’s latest picks for the best gas credit cards to see which cards to go after instead.
How Two-Year Cost Is Calculated
Two-year cost is used to approximate the monetary value of cards for better comparison and is calculated by combining annual and monthly membership fees over two years, adding any one-time fees or other fees (like balance transfer fees), adding any interest costs, and subtracting rewards. Negative amounts indicate savings. When fees or other terms are presented as a range, we use the midpoint for scoring purposes.
Rewards bonuses and credits have been taken into account for two-year cost calculations. However, bonuses applicable to only a very small portion of cardholders are not considered. For example, credits and bonuses awarded for spending or redeeming rewards through a company portal with non-co-branded cards have not been taken into account. Similarly, bonuses and credits related to spending with specific merchants using a non-co-branded card have not been taken into account (for example, if Card A offers credits with DoorDash, this feature would not be factored into calculations because it is hard to assess how many cardholders would use the benefit or exactly how much value they'd get from it).
Cardholder Spending Profiles
Given that different users have different goals and are likely to use their credit cards differently, we identified spending profiles that are representative of different users’ financial priorities and behaviors. For each cardholder type, we have assumed a specific amount of monthly spending by purchase type (e.g., groceries, gas, etc.), as well as an average balance, balance transfer amount, amount spent on large purchases and average monthly payment. Spending assumptions are based on Bureau of Labor Statistics data.