You’ll need a 640 credit score or higher for most gas cards. This means at least fair credit is required for approval.
Gas Cards Credit Score Requirements
If you have fair credit, you may qualify for gas cards from specific stations such as the Phillips 66 Credit Card or the ExxonMobil Gas Card. These can only be used to make purchases at the affiliated gas stations.
There are also gas cards that are affiliated with a gas station but can be used anywhere, such as the Shell Credit Card. This type of cards also require good credit or better.
If you have less than fair credit, consider getting a secured credit card to pay for your gas purchases. The odds of approval are higher because you’ll have to put up a security deposit to set your credit limit. The deposit is fully refundable when you close the account without an outstanding balance.
In addition, secured cards work like regular credit cards, which means you can use them anywhere credit cards are accepted. An ideal secured card for gas purchases is the Bank of America® Customized Cash Rewards Secured Credit Card. It offers 3% cash back in a category of your choice, 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly in the 3% and 2% categories combined), and 1% back on all other purchases. And you can choose gas as your category for the supplemented 3% cash back rate.
Gas cards report to one or more of the big three credit bureaus on a monthly basis, just like any other major credit card. That’s true whether you have a gas card that only works for buying gas at a particular chain of stations or a card that’s accepted wherever Visa, Mastercard, American Express or Discover is. The first type is basically just a gas-station version of a store credit card. And using a store card is a great way to build credit.… read full answer
Not all cards you might use to pay for gas report to credit bureaus, though. Prepaid cards and debit cards do not report, for instance. But if you have a credit card, you should see it listed on your credit report. You can check your latest credit report for free on WalletHub to see for yourself. And if you pay your bill on time every month, your credit score will gradually improve.
The best unsecured gas card for bad credit is the Fortiva® Mastercard® Credit Card because it offers 3% cash back on eligible gas, grocery, and utility purchases or payments, as well as 1% cash back on all other purchases. On top of that, this card comes with a decent credit limit of up to $1,000 and $0 one-time fees, unlike some unsecured credit cards for bad credit.
Gas is something that almost everyone buys, so many consumers are attracted to cards with rewards for fueling up. But most unsecured cards with gas rewards require good credit or better. While some options exist among secured cards, there aren’t many unsecured gas cards that cater to bad credit.
The best unsecured gas cards for bad credit might not offer too many rewards for fuel purchases, either. But with bad credit, you should be focused on paying your bill in full and rebuilding your credit. Late fees and finance charges could outweigh any rewards if you don’t pay your bill on time. But if you use your card responsibly, that positive information will improve your credit score when it’s reported to the credit bureaus.
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