The best fuel card for small business is the U.S. Bank Business Edge Cash Rewards World Elite Mastercard because it offers 3% cash back on fuel purchases at any station. That 3% rate applies up to $200 spent on each fill-up, with amounts above that yielding 1% back. The U.S. Bank Business Edge Cash Rewards card has a $0 annual fee.
Some people might think that the best fuel cards for small businesses are those partnered with a certain gas station, like the Shell Business card. But those cards restrict fuel purchases that earn rewards to specific stations too.
Many general business credit cards offer rewards at least as good, while letting you make purchases anywhere. For example, the American Express SimplyCash Plus Business card gives 3% cash back in the spending category of your choice, including fuel purchases.
Here are the best fuel cards for small businesses:
Best overall: U.S. Bank Business Edge Cash Rewards World Elite. Unlimited 3% cash back on single gas purchases of $200 or less (1% on purchases in excess of $200); cell phones and accessories; and office supplies. $0 annual fee. Excellent credit required.
Best fuel store card: Shell Small Business Card. Pay at the pump at more than 14,000 stations. No personal guarantee needed for businesses open for at least 3 years and with more than $1 million in annual sales. $0 annual fee. Good credit required.
Best for office supply rewards: SimplyCash Plus Business Card from American Express. 3% cash back on the spending category of your choice, including fuel purchases. 5% back on up to $50k in telephone and office supply purchases per year. $0 annual fee. Good credit required.
Best for wholesale shopping: Costco Anywhere Visa Business Card. 4% cash back on fuel purchases, up to $7,000 annually; 1% after. 3% on restaurants and travel and 2% at Costco. $0 annual fee. Excellent credit required.
Best for introductory 0% APR: Chase Ink Business Cash. 2% cash back on first $25k per year on fuel and restaurant purchases. 5% on first $25k spent on office supplies and phone/internet/cable. $0 annual fee. Good credit required.
Best cash back: Business Advantage Cash Rewards Mastercard. $200 cash back for spending $500 in the first 60 days. 3% cash back on fuel and office supply purchases, up to $250,000 spent annually. 2% back at restaurants. $0 annual fee. Excellent credit required.
The best fuel cards for small business are more flexible that you might realize. In addition to the cash back and rewards that come with fuel and business-related purchases, all the cards give at least 1% cash back or 1 bonus point/mile per $1 spent on all other purchases. You’ll be able to use your fuel card in a pinch for emergencies or other unexpected expenses and earn additional cash back or rewards in the process.
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