Best Gas Credit Cards – Editors Choice 2010

With gas credit cards you can earn up to 5% cash back (an astounding 10% back with some cards if you redeem your points for gift certificates) on all of your fuel purchases. You earn points every time you buy gasoline. You can then request a check from your credit card company once you reach about $50 in points. Below are our recommended gas credit cards.

1. Discover® Open Road® Card
Discover® Open Road(SM) Card

The Discover® Open Road® Gas Credit Card pays 5% on all fuel purchases (for up to $1,200 in gas purchases). Unlike some cards you can buy the gas at any station to qualify. This is a great card to use for any automotive related spending because you get 5% cash back on that as well.

You can also double your rewards (and effectively earn 10% in gas rebates) if you redeem your points for gift certificates at selected merchants. If you buy a lot of car parts or are constantly getting your car repaired this is a great card to have. With this card you also get 1% cash back on all other purchases.

Advantages
  • Earn 5% cash back on all fuel purchases.
  • 5% to 20% Cashback Bonus® through the exclusive online shopping site.
  • 1% back on all other purchases.
Apply For This Card | Read Review
2. Discover® More® Card
Discover® More(SM) Card

The Discover® More® Card was chosen as our top overall credit card of 2010, and one of the main reasons for that was the high percentage of cash back you can earn on gasoline and fuel purchases. The Discover® More® Card offers 5% cash back on fuel purchases during certain times of the year. An advantage of the Discover More card though is that you can also earn up to 5% cash back on groceries, travel expenses, and at restaurants, depending on the month.

Advantages
  • Earn 5% cash back on a variety of purchases including fuel.
  • Earn 1% back on all other purchases.
  • No Annual Fee.
  • 0% intro APR for 6 months.
Apply For This Card | Read Review
Cash Back on Fuel Purchases Comparison
Discover Open Road 5%
Discover More Card 5%
TrueEarnings Card 3%
Chase Freedom Card 3%

As you can see indicated in the table above, both the Discover Open Road Card and Discover More Card have a much more generous cash back program than even the TrueEarnings Card from Costco and American Express. If you are looking for a card that offers a more broad cash back program I recommend the Discover More Card, but if you are looking for the best Gas Credit Card out there go with the Discover Open Road card.

When looking for the right gas credit card for you it’s important to understand there are really two types of cards. The first type, (the kind we recommend getting) is a general gas credit card like the Discover Open Road Card, that gives you cash back regardless of what gas station you use the card at. There are also station specific gas credit cards, however we really don’t recommend these since you only save money when you buy gas from a specific station. The station specific cards generally don’t give you a higher % cash back anyway, so it makes much more sense to stick with a general gas card.

Station Specific Gas Credit Cards
Shell Credit Card
Sunoco Credit Card
ExxonMobil Personal Card

For additional cards that will give you rebates on gasoline, check out this post that outlines most of the gas credit cards out there.