Gas rewards credit cards save you money by giving you cash back on your fuel purchases. The cards highlighted below also allow you to each cash back in other categories like at grocery stores and restaurants.
In fact, many gas rewards credit cards can be used for the majority of your spending because they give you cash back on every purchase that you make. Below we outline our favorite gas rewards cards, and how to maximize your rewards with each.
It’s important to note that you can earn the 3% rate on up to $1,500 in gas but this cap resets each quarter, making this card extremely attractive, even for higher spenders.
In addition to the 3% rate on gas and 2% back on groceries, you receive 1% back on all other purchases which makes this a well rounded cash back card.
You can also get a $100 cash rewards bonus after you make $500 in purchases during your first 90 days as a cardholder.
You also receive 1% cash back on all other purchases and also get a 25% annual bonus on your previous years cash back (with a limit of $250).
Taking the annual bonus into account, you can really earn closer to 4% back on your gas purchases with this card.
It’s also worth noting that there is no annual fee to worry about.
In addition to earning 5% cash back in these categories, you can earn unlimited 1% cash back on all other purchases you make with Discover it. There is no annual fee and no fee with this card.
What we really like about Discover it is the fact that it allows you to earn redeem cash back you earn directly on Amazon.com for any purchases you make. You can also redeem cash back in the form of a statement credit or check.
If You’re a Government Employee, in The Military or Volunteer With The Red Cross You Can Earn 5% Back on Gas, Here’s How…
Another downside is that to apply, you’ll have to be a member of the U.S. Military, U.S. government employee or employee or volunteer with the American Red Cross.
Pen Fed Visa Platinum Rewards:
- 5% cash back on gasoline purchases.
- 0.25% cash back on all purchases.
As you can see with the table above, both the Discover Open Road and Blue Cash from American Express offer year round cash back rewards on gas. With Discover Open Road you earn 2% cash back on fuel purchases from the start. Blue Cash from American Express lets you earn up to 5% cash back on fuel purchases however there is a small catch. You need to spend $6,500 with the card before you reach the 5% tier, before that you earn 1%. Another downside to Blue Cash is that you can’t earn 5% cash back on discount gas purchased at Costco.
When looking for the right gas credit card for you it’s also 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.
There is one exception however, if you often use a BP gas station, you may want to check out the BP Visa Gas Card from Chase which offers 5% cash back, all year at all BP gas. The BP Visa also offers 2% cash back on restaurant and travel purchases and 1% back on everything else. Below we compare rewards offered by the popular station specific credit cards.
For additional cards that will give you rebates on gasoline, check out this post that outlines most of the gas credit cards out there.